E.L.F. BEAUTY Reports Earnings for First Quarter of FY2024
August 8, 2023
☀️Earnings Overview
E.L.F. BEAUTY ($NYSE:ELF) reported total revenue of USD 216.3 million on June 30 2023, for the first quarter of FY2024 ending August 1 2023, a 76.5% increase from the same period in the previous year. The company also achieved net income of USD 53.0 million in the quarter, compared to USD 14.5 million the year prior.
Share Price
The stock opened at $116.0 and closed at $116.5, down by 0.2% from its last closing price of 116.7. This marks a slight decrease in stock price, but the company’s overall performance during the quarter was solid. This shows that the company is continuing to increase its market share and expand its customer base. This indicates that their operations are profitable and that they have good liquidity to support their operations. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for E.l.f. Beauty. More…
| Total Revenues | Net Income | Net Margin |
| 672.58 | 100.04 | 15.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for E.l.f. Beauty. More…
| Operations | Investing | Financing |
| 94.66 | -2.1 | -22.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for E.l.f. Beauty. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 657.88 | 186.18 | 8.67 |
Key Ratios Snapshot
Some of the financial key ratios for E.l.f. Beauty are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 32.7% | 70.0% | 16.1% |
| FCF Margin | ROE | ROA |
| 13.8% | 15.4% | 10.3% |
Analysis
At GoodWhale, we can help analyze the financials of E.L.F. BEAUTY. Our Star Chart analysis reveals that E.L.F. BEAUTY is strong in asset growth, medium in profitability, and weak in dividend payments. Additionally, we have assigned a health score of 10/10 to E.L.F. BEAUTY, which is indicative of the company’s ability to manage cashflows and debt in a way that will safely ride out any crisis without the risk of bankruptcy. Through our analysis, we have determined that E.L.F. BEAUTY is best classified as a ‘cheetah’—a type of company that has achieved high revenue or earnings growth but is considered less stable due to its lower profitability and weaker dividend payments. Investors who are looking for high growth potential with an acceptable level of risk may be particularly interested in E.L.F. BEAUTY and its potential for success. More…
Peers
The competition among e.l.f. Beauty Inc, L’Occitane International SA, Target Corp, and Summer Infant Inc is fierce. All four companies are in the business of selling beauty and personal care products, and all are vying for a share of the market. e.l.f. Beauty Inc is a relatively new player in the game, but it has already made a name for itself with its affordable, high-quality products. L’Occitane International SA is a well-established company that offers a wide range of luxury products. Beauty Inc products. Summer Infant Inc is a company that specializes in baby and child care products, but it also offers a small selection of beauty and personal care products.
– L’Occitane International SA ($SEHK:00973)
L’Occitane International SA is a French cosmetics and beauty company founded in 1976 by Olivier Baussan. It has a market cap of 31.17B as of 2022 and a Return on Equity of 20.6%. The company manufactures and sells body, face, and home products under the L’Occitane, L’OCCITANE en Provence, and L’Occitane au Brésil brands. It also has a collection of hotels and spas.
– Target Corp ($NYSE:TGT)
Target Corporation is an American retail corporation. The company offers products and services through its stores and online. Its product categories include apparel, beauty, electronics, food, grocery, and household essentials. Target Corporation is headquartered in Minneapolis, Minnesota. As of 2021, the company operated 1,979 stores in the United States.
Target Corporation has a market cap of $73.27 billion as of 2022 and a return on equity of 34.09%. The company’s market cap is the fourth largest among American retailers, while its return on equity is the highest of any major retailer in the United States. Target Corporation is one of the largest retailers in the United States, with a strong presence in both the brick-and-mortar and online retail spaces. The company has a diversified product mix and a wide geographic reach, which has helped it to weather the challenges posed by the COVID-19 pandemic better than many of its competitors.
Summary
E.L.F. Beauty‘s first quarter of FY2024 ended August 1, 2023, with impressive results that exceeded its own projections. Total revenue increased by 76.5% year-over-year to USD 216.3 million and net income grew to USD 53.0 million from USD 14.5 million in the same period in the previous year. These figures demonstrate the company’s strength and provide investors with a bright outlook for future growth potential. Given these impressive numbers, investors should consider E.L.F. Beauty a strong option for long-term investment.
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