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E.l.f. Beauty Raises Full Year 2023 Outlook

The beauty company expects sales between $541 million and $545 million, up from an earlier outlook of between $478 million and $486 million.
E.l.f.'s 'Beautifully Bare Serum Foundation'.
E.l.f.'s 'Beautifully Bare Serum Foundation'. (E.l.f.)

The beauty company today said its net sales grew by 49 percent in the third quarter ended Dec. 31, 2022, to $146.5 million. Analysts were expecting sales of around $122 million. Net income for the quarter was $45.3 million. E.l.f. also raised its full year 2023 outlook, saying it anticipates sales between $541 million and $545 million, significantly higher than its earlier outlook of sales between $478 million and $486 million.

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