E.l.f. Beauty Targeting Up To 39% Growth In Fiscal 2024 After Q1 Sales Soar 76%

E.l.f. is one of only five public consumer companies out of 274 that has grown for 18 straight quarters and averaged at least 20% sales growth per quarter, chairman and CEO Tarang Amin noted during the Oakland, CA-based firm’s 1 August call to discuss Q1 results.

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E.l.f. Cosmetics, Inc. continues pursuing white space opportunities in makeup, skin care and international as it raises its fiscal 2024 full-year sales growth projection to 37% to 39%, compared with the 22% to 24% forecasted previously.

The company booked $216.3m in sales in the first quarter ended 30 June, representing 76% growth over the same period a year ago

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