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For the six months ended September 30, 2023, net sales also increased 76% year-over-year to $431.8 million, primarily driven by strength in both retailer and e-commerce channels. Net income was $86.2 million on a GAAP basis; adjusted net income was $110.0 million.

e.l.f. Beauty Results Drive Up 2024 Full-year Forecast

The news comes following the company's closing of the acquisition of Naturium, which is expected to contribute approximately $48 million in net sales for the fiscal year.

'I grew up in Minnesota, where my early experiences as one of the few kids of color at school imbued in me the importance of inclusion and its impact on development and growth,' said co-founder and CEO Asha Shivaji. 'This early passion for inclusion stuck with me throughout my career, where time and time again, I saw brands wanting to do right by consumers but falling short, which is exactly where our journey with SeeMe Index began: a vision to bridge the gap between brands and consumers, ensuring that every individual is represented and acknowledged. We recognize the power of responsible AI in achieving this goal while emphasizing the importance of human oversight via experts and advocacy groups. We invite brands and consumers alike to join us in creating a world where inclusivity is the norm, and through the SeeMe Index, we provide the means to make it happen.'

Can AI Make Beauty More Inclusive?

"I saw brands wanting to do right by consumers but falling short, which is exactly where our journey with SeeMe Index began: a vision to bridge the gap between brands and consumers, ensuring that every individual is represented and acknowledged."

The song, written by Turizo, tells the story of a Latin woman who captivates the song’s narrator not for her physical beauty but for her boldness, confidence and intellectual power.

e.l.f. Cosmetics Partners with Latin Artist Manuel Turizo for New Single

A dedicated “o.l.c.” page on elfcosmetics.com allows fans to watch the video and then learn how to recreate the makeup looks using the Bold Bundle limited-edition collection.

Piper Sandler Companies' 46th semi-annual Taking Stock With Teens survey in partnership with DECA has found that respondents' annual beauty spending now totals $324.

Makeup, Sephora, e.l.f., Specialty Beauty Retail Win in New Teen Survey

As in earlier surveys, e.l.f. Beauty, Inc. was the top cosmetics brand among surveyed teens, increasing 13 points year-over-year to a 29% of females.

“When I get up in the morning my favorite thing to do is put on my makeup because I love the creative process of becoming somebody a little different each day just to keep life interesting,” said Coolidge. “A key part of my favorite look is exaggerating my lips by combining lipstick with liner and gloss in just the right colors to make them look bigger.'

e.l.f. Cosmetics x Jennifer Coolidge Launch Dirty Pillows Lip Collection

"With the launch of Dirty Pillows, we're redefining what it means to be a mass cosmetics brand,” said Kory Marchisotto, CMO, e.l.f. Beauty.

Naturium is expected to generate approximately $90 million of net sales and $17 million in adjusted EBITDA this year.

e.l.f. Beauty Acquiring Naturium for $355M

The deal is expected to double e.l.f. Beauty’s presence in skin care to approximately 18% of retail sales.

While Ulta Beauty and Kohl's overall results in Q2 2023 couldn't be more different, both retailers' latest investor calls reveal the universal strength of beauty.

The Top Brands & Trends Driving Growth at Ulta Beauty & Sephora at Kohl's

Kohl's CEO Tom Kingsbury said, "Sephora at Kohl's continues to exceed our expectations, driving a total beauty sales increase of nearly 90% year over year."

“We are off to a terrific start in our new fiscal year with net sales growth of 76% and market share gains of 260 basis points in Q1,' said Tarang Amin, e.l.f. Beauty's chairman and CEO. 'This marks our 18th consecutive quarter of delivering both net sales growth and market share gains. We are one of only five publicly traded consumer companies out of 274 that has grown for 18 straight quarters and averaged at least 20% sales growth per quarter over that period.'

e.l.f. Beauty's Q1 2024 Net Sales Spike 76%

“We are off to a terrific start in our new fiscal year with net sales growth of 76% and market share gains of 260 basis points in Q1," said Tarang Amin, e.l.f. Beauty's chairman and CEO.

Now with a social following of more than 2.7 million, Anastasia Pagonis often posts videos about her life, how to navigate being blind, her approach to beauty and her journey as a competitive swimmer in hopes to help her community.

e.l.f. Cosmetics Partners With Paralympian Anastasia Pagonis for 'Show Your(s)e.l.f.' Series

The series features inspirational stories from role models overcoming adversity to help bring more positivity, inclusivity and accessibility to the beauty industry.

e.l.f. Beauty's Fiscal 2023 Sales Jump 48%, Propelling Brand to #3 in Mass Color

The company's year-end fiscal 2023 cash and cash equivalents totaled $120.8 million, compared to $43.4 million at the close of fiscal 2022.

Bain notes, 'CPGs raised prices 3.5 times more than insurgent brands in their categories.'

22 Beauty Brands Declared "Insurgents" by Bain & Co.

Interestingly, Bain points out that insurgent brands have raised prices far slower than their multinational counterparts, thereby narrowing the gap between their growth rates and those of these large competitors in 2022.

Beauty Accelerate is designed to connect the dots among emerging R&D advances, market and consumer trends, and supply chain innovations with focused discussions featuring newsmaker brands and retailers, up-to-the-minute data/analytics presentations, and breakthrough solutions from supply chain partners.

P&G, Dyson, Target, Supergoop!, Paula's Choice & More: Who's Attending Beauty Accelerate Virtual 2023?

Beauty Accelerate is designed to connect the dots among emerging R&D advances, market and consumer trends, and supply chain innovations with focused discussions featuring newsmaker brands and retailers.

Legge is a vegan who, like all drivers, endures hot, sweaty conditions in her line of work.

Indy 500 Driver Katherine Legge will Represent e.l.f. Skin at 2023 Race

As part of the brand partnership, the driver has created a vegan and cruelty-free routine with e.l.f. Skin products.

Guests will sit solo at e.l.f.’s vanity and apply products while storytelling and reacting to questions flying in from off-camera. Vanity Table Talk aims to inspire viewers to celebrate their own unique beauty, using makeup and skin care as a tool for self-expression and empowerment.

e.l.f. Cosmetics Debuts Digital Series 'Vanity Table Talk'

New exclusive episodes will be released each month through August on e.l.f.’s social channels, including YouTube, Instagram and TikTok.

Color cosmetics spending leapt 32% year-over-year, totaling $123, surpassing skin care for the first time since 2020.

Teen Survey Reveals Gen Z's Beauty Spend Growing

Color cosmetics have eclipsed the skin care sector for the first time since 2020.

e.l.f. Beauty Launches Sticky Shop Merch Collection

e.l.f. is donating $100,000 and committing to up to $25,000 in proceeds from the Sticky Shop merch to the Whale and Dolphin Conservation.

In light of these results Ulta Beauty is anticipating 2023 net sales of $10.95-11.05 billion, representing sales growth of 4-5%. It also anticipates opening 25-30 net new stores.

Ulta Beauty's 2022 Annual Revenue Surpasses $10B for First Time

In light of these results, Ulta Beauty is anticipating 2023 net sales of $10.95-11.05 billion, representing sales growth of 4-5%. It also anticipates opening 25-30 net new stores.

CEW's 2022 awards ceremony in New York City.

CEW Unveils Women’s Leadership Award Honorees

Achiever Award Honorees include Nikki Eslami of Bellami Hair and Christina Fair, president of L’Oréal Dermatological Beauty Division, N.A.