e.l.f. Beauty Q4, Full-year 2021 Results

e.l.f. Beauty has announced its Q4 2021 results that showed net sales increased 24% to $92.7 million, compared to $74.7 million in Q4 2020. Net sales for fiscal year 2021 increased 12% to $381.1 million, compared to $282.8 million in the previous year.

Q4

Gross profit was reported at $58.6 million, compared to $48.1 million in the previous year. 

Gross margin decreased approximately 110 basis points to 63.2%.

Net loss was $24.0 thousand on a GAAP basis. Adjusted net income was $8.6 million.

Previously: e.l.f. Beauty x Chipotle

Full-year 2021

Gross profit was reported at $206.2 million, compared to $181.1 million in the previous year. 

Gross margin increased approximately 80 basis points to 64.8%.

Net income was $6.2 million on a GAAP basis. Adjusted net income was $36.8 million.

Tarang Amin, e.l.f. Beauty's chairman and CEO, said, "Our fiscal 2021 results demonstrate that our business model and competitive advantages are robust, as we strengthened our position in a challenging environment. Our fourth quarter net sales growth of 24% marked our ninth consecutive quarter of growth. For the year, e.l.f. Cosmetics was the only top five U.S. color cosmetics brand to post growth and gain share.”

Mandy Fields, e.l.f. Beauty’s CFO, said, "We’re pleased with our outstanding results and believe that we can continue our business momentum in fiscal 2022 as we advance our transformation to a multi-brand portfolio. We currently expect net sales growth of 8-10% in fiscal 2022—at the top end of our long-term economic model."