- The company said that its third quarter net sales came in at $489.5 million, marking a growth of 38%, thanks to growth in both its retailer and e-commerce channels in the U.S. and abroad.
- The company also raised its fiscal 2026 outlook to revenue of $1.6-$1.61 billion from its previous forecast of $1.55 billion to $1.57 billion.
e.l.f. Beauty (ELF) on Wednesday reported earnings far exceeding Wall Street expectations for the three months ended December, sending shares up as much as 15% after hours before paring gains.
The company said that its third quarter net sales came in at $489.5 million, marking a growth of 38%, thanks to growth in both its retailer and e-commerce channels in the U.S. and abroad. Wall Street on average was expecting revenue of $457.33 million.
Adjusted earnings per share, meanwhile, came in at $1.24 for the quarter, far exceeding an analyst estimate of $0.72.
Raises Forecasts
The company also raised its fiscal 2026 outlook to revenue of $1.6-$1.61 billion from its previous forecast of $1.55 billion to $1.57 billion. Analysts on average were expecting revenue of $1.31 billion for the year.
Adjusted EPS for fiscal 2026 is now expected to be $3.05-3.10, exceeding an analyst estimate of $2.87.
“Our Q3 results, which included 130 basis points of market share gains for our namesake e.l.f. Cosmetics brand and a record-breaking launch of rhode in Sephora in the U.K., are a continuation of the consistent, category-leading growth we’ve delivered over the past 28 quarters,” said CEO Tarang Amin.
Hailey Bieber’s Rhode was acquired by e.l.f in May 2025 for up to $1 billion. Following the acquisition, Rhode launched in Sephora stores in the US/Canada and UK, with plans for further European expansion.
“Our value proposition, powerhouse innovation and disruptive marketing engine continue to fuel our brands. We remain confident in our ability to grow market share and deliver best-in-class growth in beauty, as reflected by our raised fiscal 2026 outlook,” Amin said on Wednesday.
How Did Stocktwits Users React?
On Stocktwits, retail sentiment around ELF stock rose from ‘neutral’ to ‘extremely bullish’ territory over the past 24 hours, while message volume increased from ‘high’ to ‘extremely high’ levels.
A Stocktwits user flagged concerns about the stock paring gains after hours, terming it a “terrible reversal.”
Another user however expressed optimism for a “pop” in Thursday’s trading session.
ELF stock has dropped 4% over the past 12 months.
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