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Achievement marks 22nd consecutive quarter of both net sales growth and market share gains.
August 9, 2024
By: Lianna Albrizio
Associate Editor
Net sales soared 50% for ELF in Q1 2025 to $324.5 million.
The increase is attributed to strength in both retailer and e-commerce channels. The achievement marked the company’s 22nd consecutive quarters of both net sales growth and market share gains per CEO Tarang Amin.
“We are off to a strong start this fiscal year, delivering 50% net sales growth and 260 basis points of market share gains in Q1,” said Tarang Amin, ELF Beauty’s chairman and chief executive officer. “This marked our 22nd consecutive quarter of both net sales growth and market share gains – putting ELF Beauty in a rarified group of high growth consumer companies. We continue to make progress across color cosmetics, skin care and international and believe our unique areas of advantage will fuel our ability to win in fiscal 2025 and beyond.”
The company’s updated outlook for fiscal 2025 reflects an expected 25-27% year-over-year increase in net sales, as compared to an expected 20-22% increase previously.
In March, the company achieved top-performing status on the New York Stock Exchange.
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