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Get filing alertse.l.f. Beauty reports 36% Q1 sales growth, raises FY2027 guidance to 18-20% from 12-14%
Filed August 5, 2026 · Period ending August 5, 2026 · ~1 min read
Key Changes
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high
Q1 net sales rose 36% to $479.4M, marking the 30th consecutive quarter of growth, driven by strength across retailer and e-commerce channels domestically and internationally.
Exhibit 99.1 view on EDGAR → -
high
Raised fiscal 2027 net sales guidance to $1,938-1,968M (18-20% growth) from prior $1,835-1,865M (12-14% growth); adjusted EPS guidance increased to $3.50-3.55 from $3.27-3.32.
Exhibit 99.1 view on EDGAR → -
high
Gross margin expanded 1,400 basis points to 83%, including 1,050 bps from IEEPA tariff refunds, with the remainder from pricing benefits and lower tariff rates year-over-year.
Exhibit 99.1 view on EDGAR → -
high
Adjusted Q1 diluted EPS of $1.75 (up from $0.89 prior year) and adjusted EBITDA of $168.2M (35% of sales, up 93% year-over-year) reflect strong operational leverage.
Exhibit 99.1 view on EDGAR → -
medium
Recorded $16.1M non-cash earnout adjustment for rhode acquisition, reflecting the brand's revenue performance exceeding merger agreement thresholds.
Exhibit 99.1 view on EDGAR →
Summary
e.l.f. Beauty delivered a strong first quarter of fiscal 2027, with net sales climbing 36% to $479.4 million and marking the company's 30th consecutive quarter of growth.
The performance was broad-based across channels and geographies, and management responded by raising full-year guidance substantially: net sales are now expected to grow 18-20% (versus prior 12-14%), with adjusted diluted EPS guidance lifted to $3.50-3.55 from $3.27-3.32.
Gross margin expansion of 1,400 basis points to 83% included a significant one-time benefit from IEEPA tariff refunds (1,050 bps), but the remainder came from pricing and lower ongoing tariff rates, suggesting sustainable margin improvement. Adjusted EBITDA reached 35% of sales, up 93% year-over-year, demonstrating strong operational leverage. The rhode acquisition continues to perform ahead of expectations, triggering a $16.1 million earnout adjustment as the brand's revenue exceeded merger agreement thresholds. While this is a non-cash charge that reduces GAAP earnings, it signals the acquired brand is delivering on its growth potential. The combination of accelerating topline momentum, margin expansion beyond one-time tariff benefits, and a meaningful guidance raise positions e.l.f. Beauty as a standout in the beauty category. Investors should watch whether the company can sustain this growth trajectory as it laps increasingly difficult comparisons in coming quarters.
Section-by-Section Diff
Event · Exhibit 99.1
e.l.f. Beauty reported Q1 FY2027 results with 36% net sales growth and raised full-year guidance to 18-20% growth from 12-14% previously.
Added in current filing · view on EDGAR →
The Company recorded a fair value adjustment of $16.1 million for the three months ended June 30, 2026, driven by the outperformance of rhode's revenue results relative to the earnout thresholds set forth in the merger agreement entered into in connection with the rhode Acquisition.
e.l.f. Beauty recorded a $16.1 million fair value adjustment for contingent consideration related to its acquisition of rhode. The adjustment reflects rhode's revenue performance exceeding the earnout thresholds established in the merger agreement. This is a non-cash charge that reduces reported GAAP earnings but signals strong performance of the acquired brand.
Added in current filing · view on EDGAR →
Adjusted net income (net income excluding the items identified in the reconciliation table below) was $104.6 million. ... Adjusted diluted earnings per share (diluted earnings per share calculated with adjusted net income excluding the items identified in the reconciliation table below) were $1.75.
On an adjusted basis, e.l.f. Beauty reported Q1 net income of $104.6 million and diluted earnings per share of $1.75, compared to adjusted net income of $51.3 million and adjusted diluted EPS of $0.89 in the prior-year quarter. Adjusted EBITDA was $168.2 million, or 35% of net sales, up 93% year-over-year.
Added in current filing · view on EDGAR → · paraphrased
The Company is providing the following updated outlook for fiscal 2027. The updated outlook for fiscal 2027 reflects an expected 18-20% year-over-year increase in net sales, as compared to an expected 12-14% increase previously. ... Net sales $1,938-1,968 million ... Adjusted EBITDA $401-407 million ... Adjusted net income $212-215 million ... Adjusted diluted earnings per share $3.50-3.55
e.l.f. Beauty raised its fiscal 2027 guidance, now expecting net sales of $1,938-1,968 million (18-20% growth) versus prior guidance of $1,835-1,865 million (12-14% growth). The company also raised adjusted EBITDA guidance to $401-407 million from $379-385 million, adjusted net income to $212-215 million from $198-201 million, and adjusted diluted EPS to $3.50-3.55 from $3.27-3.32.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 6, 2026 · How we verify