08.09.18
E.l.f. Beauty posted results for the three- and six-month periods ended June 30, 2018.
For the three months ended June 30, 2018, net sales increased 6% to $59.1 million, primarily driven by growth in leading national retailers, largely attributable to new customer expansion and additional retailer store locations.
For the six months, net sales increased 7% to $125.0 million, primarily driven by growth in leading national retailers, largely attributable to new customer expansion, the benefit of shelf space acquired in 2017, and additional retailer store locations.
“Our second quarter saw healthy sales growth, operating profit and cash flows. This was on top of 27% net sales growth in the prior year period,” stated Tarang Amin, chairman and chief executive officer. “We are working to improve trends at select national retailer partners and are confident in our long-term potential. Our brand continues to resonate with consumers, as demonstrated by our expansion within leading retailers. We believe there is significant whitespace for the e.l.f. brand and seek to deliver shareholder value through the capabilities of our broader platform.”
For the three months ended June 30, 2018, net sales increased 6% to $59.1 million, primarily driven by growth in leading national retailers, largely attributable to new customer expansion and additional retailer store locations.
For the six months, net sales increased 7% to $125.0 million, primarily driven by growth in leading national retailers, largely attributable to new customer expansion, the benefit of shelf space acquired in 2017, and additional retailer store locations.
“Our second quarter saw healthy sales growth, operating profit and cash flows. This was on top of 27% net sales growth in the prior year period,” stated Tarang Amin, chairman and chief executive officer. “We are working to improve trends at select national retailer partners and are confident in our long-term potential. Our brand continues to resonate with consumers, as demonstrated by our expansion within leading retailers. We believe there is significant whitespace for the e.l.f. brand and seek to deliver shareholder value through the capabilities of our broader platform.”