Edition:
United Kingdom

E.L.F. Beauty Announces Fourth Quarter Results


Tuesday, 26 Feb 2019 

Feb 26 (Reuters) - e.l.f. Beauty Inc ::E.L.F. BEAUTY ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 RESULTS.E.L.F. BEAUTY INC - JOHN BAILEY, CO'S PRESIDENT AND CFO WILL BE STEPPING DOWN FROM HIS ROLE AT COMPANY EFFECTIVE MARCH 31, 2019.E.L.F. BEAUTY INC - COMPANY IS WORKING WITH A NATIONAL SEARCH FIRM TO HIRE A NEW CFO.E.L.F. BEAUTY INC - BAILEY'S RESPONSIBILITIES AS PRESIDENT WILL BE ABSORBED BY TARANG AMIN AND MEMBERS OF EXECUTIVE TEAM.E.L.F. BEAUTY INC QTRLY NET SALES DECREASED 4%, OR $3.0 MILLION FROM Q4 OF 2017, TO $78.6 MILLION AS COMPARED TO Q4 OF 2017.E.L.F. BEAUTY INC QTRLY EARNINGS PER SHARE $0.20.E.L.F. BEAUTY INC QTRLY ADJUSTED EARNINGS PER SHARE $0.30.E.L.F. BEAUTY INC - CO IS CLOSING ITS 22 E.L.F. STORES, WHICH CONTRIBUTED 5% OF NET SALES IN 2018.E.L.F. BEAUTY - CURRENTLY EXPECTS TO INCUR ONE-TIME ACCOUNTING CHARGES FROM CLOSING OF E.L.F. RETAIL STORES OF ABOUT $23.0 TO $25.0 MILLION IN TOTAL.E.L.F. BEAUTY INC SEES Q1 NET REVENUE $55-$58 MILLION.E.L.F. BEAUTY INC SEES Q1 ADJUSTED DILUTED EPS $ 0.04- $0.06.E.L.F. BEAUTY - ONE-TIME ACCOUNTING CHARGES FROM CLOSING OF E.L.F. RETAIL STORES WILL BE RECORDED IN TRANSITION PERIOD ENDED MARCH 31, 2019.