E.l.f. Beauty (ELF) Q3 2026

shares Elf Beauty It rose roughly 15% on Wednesday after the company reported a big jump in earnings and raised its forecast for the fiscal year.

Here’s what the company reported for the third fiscal quarter compared to analyst estimates from LSEG:

• Earnings per share: $1.24 adjusted, versus 72 cents expected
• Revenues: While the expectation was 460 million dollars, it was 490 million dollars

Elf said net sales increased 38% to $489.5 million from $355 million in the same period last year, driven by growth in worldwide retailers and e-commerce. It reported adjusted net income of $74.5 million.

The company recently acquired celebrity Hailey Bieber’s skincare company Rhode in a deal valued at nearly $1 billion, contributing $128 million to the company’s third-quarter net sales growth. Elf told CNBC that it projects Rhode will contribute up to $265 million in net sales this year; this was an increase of $65 million over the previous estimate.

Elf also raised its full-year forecast, raising its revenue outlook to a range of $42 million to $50 million.

“Our Q3 results, which include a 130 basis point market share gain for our namesake elf Cosmetics brand and the record-breaking launch of Rhode at Sephora in the UK, are a continuation of the consistent, category-leading growth we have delivered over the last 28 quarters,” CEO Tarang Amin said in a statement. he said. “Our value proposition, powerful innovation and disruptive marketing engine continue to power our brands.”

– CNBC’s Jodi Gralnick contributed to this report.