Elf Beauty impresses with sales growth and guidance upgrade
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Elf Beauty Inc (NYSE:ELF) shares rose 12% pre-market after surpassing market forecasts with strong Q2 results and an upgraded outlook. Net sales increased by 40% to $301.1 million, driven by growth in both physical retail and e-commerce channels in the US and internationally.
November 07, 2024 | 12:30 pm
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Elf Beauty Inc shares increased 12% pre-market following better-than-expected Q2 results and an upgraded outlook. The company reported a 40% increase in net sales, driven by growth in both physical retail and e-commerce channels.
Elf Beauty's strong Q2 results and upgraded guidance led to a 12% pre-market share increase. The 40% sales growth, driven by both retail and e-commerce, indicates robust performance and positive market sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100