e.l.f. Beauty beats by $0.08, beats on revs; guides FY16 EPS above consensus, revs in-line :
- Reports Q3 (Sep) earnings of $0.09 per share, $0.08 better than the Capital IQ Consensus of $0.01; revenues rose 10.8% year/year to $56.3 mln vs the $53.94 mln Capital IQ Consensus.
- Gross margin expanded by approximately 650 basis points to 58% from 51% in the third quarter of 2015, primarily as a result of margin accretive innovation.
- Co issues guidance for FY16, sees EPS of $0.30 vs. $0.25 Capital IQ Consensus Estimate; sees FY16 revs of $227 mln vs. $227.35 mln Capital IQ Consensus Estimate.
- "We are pleased to report strong third quarter results reflecting double-digit growth in net sales, significant gross margin expansion and progress toward our mission to make luxurious beauty accessible for all women to play beautifully. This performance is especially gratifying as we drove sales growth on top of the launch to 6,900 CVS stores in the third quarter of 2015."
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