E.l.f. Beauty posts 51% sales increase, raises full-year guidance

E.l.f. Beauty delivered stronger-than-expected financial results in its second fiscal quarter ended September 30, with net sales climbing 51% to $520.8 million. The beauty company achieved its 31st consecutive quarter of net sales growth, driven by robust performance across its entire brand portfolio in both retail and e-commerce channels across domestic and international markets. Net income for the period reached $30.03 million, or 50 cents per share, compared with approximately $3 million, or