MAAT INDEX

CLAIM #969 · ELF Beauty Inc (ELF) · 2022Q2 earnings call · Nov 3, 2021 · due Dec 31, 2021

As discussed in August, while we expect top-line growth to continue in Q3, we expect Nielsen track channel data to likely show some periods of share losses, given volatility in the base, and the lack of our annual holiday program.

Mandy Fields · CFO

PENDING
graded after results covering Dec 31, 2021 are reported

In context

ur adjusted EBITDA expectations between $66.5 million to $68 million in line with last quarters outlook. Against this backdrop of global cost pressures, we still expect to deliver healthy growth in adjusted EBITDA up 9% to 11% year over year. We remain focused on what we can control. As we've discussed previously, we're taking action to mitigate the impact of some of these costs on our financial performance, including through cost savings initiatives, and a sharper focus on key areas of our non-marketing SG&A spend. From a cadence standpoint, we expect top-line growth to be stronger in Q3 than in Q4. As a reminder, in Q4, we will be lapping a 24% net sales growth quarter, which was helped in part by stimulus related spending, and pipeline sales associated with the launch of Keys Soulcare. As discussed in August, while we expect top-line growth to continue in Q3, we expect Nielsen track channel data to likely show some periods of share losses, given volatility in the base, and the lack of our annual holiday program. As a reminder, we made the decision to forego our holiday program to prioritize core assortment in the face of the industry wide container imbalance. Overall, we're quite pleased with our Q2 results and are excited about the opportunities ahead in fiscal 2022. Our performance over the last 11 quarters, both on an absolute basis and relative to the category demonstrates how our 5 strategic imperatives are driving results. And we remain confident in the long-term growth potential for our portfolio of brands. With that operator, you may open the call to questions. Operator: Thank you. We will now begin the question-and-answer session. [Operator Instructions] And the first question comes from Steph Wissink with Jefferies. Please go ahead. Steph Wissink: Thank you. Good afternoon, everyone. We

Verify independently

SEC filings for ELF · Claim quote is verbatim from the 2022Q2 earnings call.