ELF Stock Rallies 15% After Hours On Strong Q3 Earnings, Upward Guidance Revision For FY26

e.l.f. Beauty (ELF) on Wednesday reported earnings far exceeding Wall Street expectations for the three months ended December, sending shares up 15% after hours.

The company said that its third quarter net sales came in at $489.5 million, marking a growth of 38%, thanks to growth in both its retailer and e-commerce channels in the U.S. and abroad. Wall Street on average was expecting revenue of $457.33    million.

Adjusted earnings per share, meanwhile, came in at $1.24 for the quarter, far exceeding an analyst estimate of $0.72.

The company also raised its fiscal 2026 outlook to revenue of $1.6-$1.61 billion from its previous forecast of $1.55 billion to $1.57 billion. Analysts on average were expecting revenue of $1.31 billion for the year.

Adjusted EPS for fiscal 2026 is now expected to be $3.05-3.10, exceeding an analyst estimate of $2.87. 

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