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Elf Beauty Q1 profit climbs YOY

e.l.f. Beauty Inc. said its normalized net income for the first quarter was $8.73 per share, a decrease of 84.4% from $55.91 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $4.2 million, a gain from $1.5 million in the prior-year period.

The normalized profit margin increased to 8.0% from 4.0% in the year-earlier period.

Total revenue grew 35.3% on an annual basis to $52.7 million from $38.9 million, and total operating expenses climbed 41.1% on an annual basis to $46.5 million from $32.9 million.

Reported net income came to a loss of $34.1 million, or a loss of $70.99 per share, compared to a loss of $1.6 million, or a loss of $57.25 per share, in the prior-year period.