ELF Beauty continued its momentum in the three months ended June 30, with net sales rising 36 per cent as the company delivered its 30th consecutive quarter of sales growth.

“I’m proud of the ELF Beauty team for achieving another quarter of industry-leading results,” said chairman and CEO Tarang Amin.

Net sales increased to $479.4 million from a year earlier, which Amin said was driven by strong performance across retail and e-commerce channels in the US and international markets.

At the same time, the beauty brand’s net income reached $66.6 million, while adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) rose 93 per cent year-on-year to $168.2 million, representing 35 per cent of net sales. 

Looking ahead, Amin said ELF is raising next year’s fiscal outlook to 18 to 20 per cent, from a net sales growth rate of 12 to 14 per cent in the year prior.

“This consistent, category-leading growth is a testament to the strength of our team, strategy, and portfolio of brands,” added the CEO. 

• Further reading: ELF Beauty is betting big on hair care.