Elf Beauty up after raising annual sales and profit forecast
ELF•Elf Beauty raised its FY2027 sales forecast to $2.003 billion-$2.029 billion and adjusted EPS forecast to $3.82-$3.86. Second-quarter gross margin rose about 760 basis points to 77%, including a 30-basis-point benefit from tariff refunds, and the company beat quarterly estimates.
1. Higher annual forecasts
Elf Beauty raised its FY2027 sales forecast to $2.003 billion-$2.029 billion, from $1.938 billion-$1.968 billion, and expects adjusted EPS of $3.82-$3.86, up from $3.50-$3.55. The company cited strong demand for its value-offering products. Second-quarter gross margin increased about 760 basis points to 77%, including approximately 30 basis points from incremental IEEPA-tariff refunds; Elf also beat quarterly estimates.
