Melissa Juried Kriebel
By Kathryn Hardison
E.l.f. Beauty Inc. said its fiscal second-quarter revenue climbed 33% as it saw strong sales in its retail and e-commerce channels.
The cosmetics company posted a profit of $11.7 million, or 21 cents per share, for the three months that ended Sept. 30, compared with $5.7 million, or 11 cents per share, a year ago. Adjusted earnings were 36 cents per share. Analysts polled by FactSet expected adjusted earnings of 16 cents per share.
Revenue increased to $122.3 million from $91.9 million a year ago. Analysts expected $104.7 million.
Gross margin increased 190 basis points to 65%, driven by price increases, cost savings and product mix, which was partially offset by higher transportation costs and inventory adjustments, the company said.
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