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e.l.f. Beauty Delivers 12% Net Sales Growth in Fiscal 2021

Aims to continue business momentum in fiscal 2022.

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By: Charlie Sternberg

Associate Editor

e.l.f. Beauty has shared results for the three and twelve months ended March 31, 2021.
 
For the three months ended March 31, 2021, compared to the prior year period, net sales increased 24% to $92.7 million, primarily driven by strength in e-commerce, international, and the company’s national retailers.
 
For the full year ended March 31, 2021, compared to the prior year, net sales increased 12% to $318.1 million, primarily driven by strength in e-commerce, international, and the company’s national retailers.
 
“Our fiscal 2021 results demonstrate that our business model and competitive advantages are robust, as we strengthened our position in a challenging environment,” said Tarang Amin, e.l.f. Beauty’s chairman and chief executive officer. “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.”
 
“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,” said Mandy Fields, e.l.f. Beauty’s chief financial officer. “We currently expect net sales growth of 8-10% in fiscal 2022—at the top end of our long-term economic model.”

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