E.l.f. Beauty announced its financial results for the first quarter of the 2025 fiscal year.
Tarang Amin, e.l.f. Beauty’s Chairman and CEO, said,
“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. This marked our 22nd consecutive quarter of both net sales growth and market share gains—putting e.l.f. Beauty in a rarified group of high growth consumer companies. We continue to make progress across color cosmetics, skincare, and international and believe our unique areas of advantage will fuel our ability to win in fiscal 2025 and beyond.”
Net sales increased 50% to $324.5 million, driven by the strength of its retailer and e-commerce channels. E.l.f.’s net income was $47.6 million on a GAAP basis. Adjusted net income was $64.3 million.
Gross margin increased to 71%, driven by foreign exchange impacts, lower transportation costs, price increases in our international markets, cost savings, and inventory adjustments. The company’s Adjusted EBITDA was $77.4 million, or 24% of net sales, up 4% year over year.
E.l.f. Beauty also updated its outlook for fiscal 2025 to reflect a 25-27% year-over-year increase in net sales, compared to the previously expected 20-22% increase.
Tarang Amin, e.l.f. Beauty’s Chairman and CEO, said,
“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. This marked our 22nd consecutive quarter of both net sales growth and market share gains—putting e.l.f. Beauty in a rarified group of high growth consumer companies. We continue to make progress across color cosmetics, skincare, and international and believe our unique areas of advantage will fuel our ability to win in fiscal 2025 and beyond.”
Net sales increased 50% to $324.5 million, driven by the strength of its retailer and e-commerce channels. E.l.f.’s net income was $47.6 million on a GAAP basis. Adjusted net income was $64.3 million.
Gross margin increased to 71%, driven by foreign exchange impacts, lower transportation costs, price increases in our international markets, cost savings, and inventory adjustments. The company’s Adjusted EBITDA was $77.4 million, or 24% of net sales, up 4% year over year.
E.l.f. Beauty also updated its outlook for fiscal 2025 to reflect a 25-27% year-over-year increase in net sales, compared to the previously expected 20-22% increase.
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