THE WHAT? e.l.f Beauty has reported its results for the third quarter of fiscal 2024. In the three months ended December 31, 2023, the mass market brand saw net sales increase a whopping 85 percent compared to the same period in 2022, hitting US$270.9 million.
THE DETAILS Gross margin increased approximately 350 basis points to 71 percent and adjusted EBITDA climbed 61 percent yoy to US$59.1 million, or 22 percent of net sales.For the nine months to December 31, 2023, the make-up manufacturer reported sales of US$702.8 million, a rise of 80 percent.
THE WHY? e.l.f attributed its success to strength in both retailer and e-commerce channels. Tarang Amin, e.l.f Beauty’s Chairman and Chief Executive Officer, comments, “Our vision is to create a different kind of beauty company and you can see that in the exceptional, consistent, category‐leading growth we’ve delivered. In Q3, we grew net sales by 85% and market share by 305 basis points, marking our 20th consecutive quarter of growth in each. I’m extremely proud of our team and the progress we continue to make across color cosmetics, skin care and internationally.”
Aesthetic supplies USA refers to products and equipment used in the field of aesthetic medicine and cosmetic treatments that are available for purchase in the United States. These supplies encompass a wide range of items necessary for various aesthetic procedures and treatments conducted by professionals such as dermatologists, plastic surgeons, aestheticians, and other qualified practitioners.
Examples of aesthetic supplies include:
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Dermal Fillers: Injectable substances used to restore volume and reduce wrinkles.
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Botulinum Toxin (Botox): Injectables used to temporarily relax facial muscles and reduce wrinkles.
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Laser Devices: Equipment used for hair removal, skin rejuvenation, tattoo removal, and other laser treatments.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve texture.
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Microdermabrasion Devices: Tools used for mechanical exfoliation to rejuvenate skin.
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Microneedling Devices: Devices that create tiny punctures in the skin to stimulate collagen production.
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Cosmeceuticals: Skincare products that contain biologically active ingredients with pharmaceutical-like benefits.
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Sterilization and Disinfection Products: Essential for maintaining hygiene and preventing infections in clinical settings.
