Business
E.l.f. Beauty posts earnings beat, raises full-year guidance
Elf Beauty cosmetics
Courtesy: e.l.f Beauty
E.l.f. Beauty reported a huge earnings beat Wednesday and raised its guidance for the fiscal year.
E.l.f. stock was up as much as 15% in after-hours trading before losing the majority of those gains.
Here’s what the company reported for the third fiscal quarter, compared with analyst estimates from LSEG:
- Earnings per share: $1.24 adjusted vs. 72 cents expected
- Revenue: $490 million vs. $460 million expected
E.l.f. said net sales increased 38% to $489.5 million, or $1.24 per share, up from $355 million, or 74 cents a share, in the same period a year ago, driven by growth across the globe and across its retailers and e-commerce. It reported adjusted net income of $74.5 million, up from $43 million over the same period a year ago.
The company recently acquired celebrity Hailey Bieber’s skin-care company, Rhode, in a roughly $1 billion deal, and it contributed $128 million to the company’s net third-quarter sales growth. E.l.f. told CNBC it’s projecting Rhode to contribute up to $265 million in net sales this year, up $65 million from its previous guidance.
E.l.f. also raised its full-year guidance, increasing its revenue outlook by a range of $42 million to $50 million.
“Our Q3 results, which included 130 basis points of market share gains for our namesake e.l.f. Cosmetics brand and a record-breaking launch of rhode in Sephora in the U.K., are a continuation of the consistent, category-leading growth we’ve delivered over the past 28 quarters,” CEO Tarang Amin said in a statement. “Our value proposition, powerhouse innovation and disruptive marketing engine continue to fuel our brands.”
— CNBC’s Jodi Gralnick contributed to this report.
Crude rose back above $100 a barrel as the US and Iran clashed over bringing the conflict to an end.
Source link
President Donald Trump said he’s considering sending the National Guard to U.S. airports, two days after the administration deployed Immigration and Customs Enforcement agents to several major U.S. airports following hourslong waits for travelers because of the partial government shutdown.
In a Truth Social post Wednesday, Trump blamed Democrats for the shutdown, which began Feb. 14.
“Thank you to our great ICE Patriots for helping. It makes a big difference,” he wrote in his post. “I may call up the National Guard for more help.”
Travelers wait in line at a Transportation Security Administration (TSA) checkpoint at Hartsfield-Jackson Atlanta International Airport (ATL) in Atlanta, Georgia, US, on Monday, March 23, 2026.
Elijah Nouvelage | Bloomberg | Getty Images
More than 11% of TSA officers called out on Wednesday and over 450 have quit since the shutdown started, the Department of Homeland Security said.
Elevated absences of Transportation Security Administration officers, who are required to work though they’re not getting paid during the shutdown, have contributed to long lines at major U.S. airports, including in Atlanta, Houston and New York.
The DHS, which oversees both ICE and and the TSA, said the ICE agents will “support airports facing the greatest strain” but the department didn’t respond to requests for comment on what the ICE agents’ duties are. ICE agents are getting paid in the shutdown.
Airlines have been warning customers about potentially long security lines, while executives grow increasingly frustrated with lawmakers about the impasse. On Tuesday, Delta Air Lines said it suspended its airport escorts and other special services for members of Congress and their staff because of the ongoing partial shutdown of the DHS.
The shutdown comes as Democrats in Congress have demanded changes to how federal immigration enforcement operates in exchange for releasing DHS funding after two U.S. citizens were shot and killed by ICE officers in Minneapolis.
Low-income families are being offered help with the cost of food during the Easter holidays.
Source link
Oil prices volatile as Trump talks up Iran negotiations
What small businesses need to know
My Favorite Air Fryer Is at Its Lowest Price Since Black Friday
-
Fashion1 week agoSales at US apparel, clothing accessories stores up 4% YoY in Jan 2026
-
Tech1 week agoJustice Department Says Anthropic Can’t Be Trusted With Warfighting Systems
-
Business1 week agoStocks and pound rise as US rate call approaches
-
Entertainment1 week agoVal Kilmer revived 1 year after death through AI
-
Business1 week agoBrits cashing in jewellery as gold price hits record high
-
Sports1 week agoMarch Madness 2026 – How to watch in SA, start time, schedule, TV channel for NCAA championship basketball tournament
-
Sports1 week agoWBC championship: USA-Venezuela preview, live updates, analysis
-
Tech1 week agoMeta Is Shutting Down Horizon Worlds on Meta Quest