E.l.f. Beauty reported second-quarter net sales up 51% to $520.8 million, above the $470.3 million analysts expected, marking its 31st consecutive quarter of net sales growth. Growth came from both retail and e-commerce channels in the U.S. and internationally, with international business up 165%. Net income was $30.03 million, or 50 cents per share, versus about $3 million, or 5 cents per share, a year earlier, while adjusted EPS came in at $1.21 against the 60 cents expected. The company raised its full-year outlook to net sales of $2 billion to $2.03 billion and adjusted EPS of $3.82 to $3.86, up from $1.94 billion to $1.97 billion and $3.50 to $3.55. Gross margin rose 1.6% in the quarter, including a 0.3% benefit from tariff refunds, which the company plans to reinvest in pricing and marketing.
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