THE WHAT? Elf Beauty has announced its results for the three- and six-month period ended September 30, 2022.
THE DETAILS The mass beauty brand saw sales rise an impressive 33 percent in the second quarter of the financial year compared to the prior-year period, reaching US$122.3 million, driven by strength in both its retail and e-commerce channels.
Gross margin improved 190 basis points to 65 percent driven by price increases, cost savings and product mic. Adjusted EBITDA was US$27.3 million, up 47 percent yoy.
The company has adjusted its fiscal 2023 outlook accordingly, predicting a 22 to 24 percent yoy increase in net sales, up from the 14 to 16 percent range announced previously.
THE WHY? Tarang Amin, Elf Beauty’s Chairman and Chief Executive Officer “I am proud of the Elf Beauty team for delivering our 15th consecutive quarter of net sales growth. In the second quarter, Elf was the fastest growing top five color cosmetics brand and we expanded our market share by 115 basis points, according to Nielsen. We believe our value proposition, innovation engine, and ability to attract and engage consumers will continue to fuel our growth.”
Injectable aesthetics are popular due to their ability to provide noticeable results with minimal downtime compared to surgical procedures. They are versatile and can be tailored to meet individual aesthetic goals, whether it's enhancing lips, restoring facial volume, or smoothing out wrinkles. However, they should always be administered by qualified professionals to ensure safety and achieve optimal results.
Injectable aesthetics are used to enhance facial features, reduce the signs of aging, and improve overall facial symmetry and appearance.
Key types of injectable aesthetics include:
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Dermal Fillers: These injectables are used to add volume, fill in wrinkles and folds, and enhance facial contours. They often contain substances like hyaluronic acid, collagen, or calcium hydroxylapatite, which help plump up the skin and smooth out fine lines and wrinkles.
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Botulinum Toxin (Botox): Botulinum toxin injections temporarily relax facial muscles that cause wrinkles and lines to form. It is commonly used to treat forehead lines, frown lines between the eyebrows, and crow's feet around the eyes.
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Collagen Stimulators: These injectables stimulate the body's own collagen production, helping to improve skin texture and firmness over time. Examples include poly-L-lactic acid (Sculptra) and calcium hydroxylapatite (Radiesse).
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Neurotoxin Injections: Besides Botox, other neurotoxins such as Dysport and Xeomin are used similarly to reduce wrinkles and lines.
