Overview
- First-quarter net sales rose 9 percent to $353.7 million while net income fell 30 percent to $33.3 million under new U.S. import duties on Chinese-made products.
- The company suspended its fiscal 2026 guidance due to a wide range of potential outcomes tied to ongoing U.S.–China trade negotiations.
- E.l.f. implemented a $1 across-the-board price increase on August 1 to mitigate the impact of elevated tariffs on its beauty portfolio.
- On August 5, the $1 billion acquisition of Hailey Bieber’s Rhode brand officially closed, and integration plans were outlined during the earnings call.
- E.l.f. will enter Sephora stores in Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates later this year as part of its international expansion strategy.