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Forecasts sales of at least $270 million.
January 11, 2018
By: Melissa Meisel
E.l.f. Beauty reconfirmed its fiscal year 2017 outlook and adjusted its fiscal 2016-2019 growth algorithm ahead of its presentation at the 20th Annual ICR Conference. The company—ranking 41 out of Happi’s Top 50 list— expects sales of $270 million, a 17% change from last year. Reflecting current category trends, the company noted that it is updating the compound annual growth rates included in its growth algorithm. It now expects a compound annual net sales and Adjusted EBITDA growth rate of 10-15% from fiscal 2016 to 2019. The company’s most recent financial report was quite favorable, as reported in Happi.
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