Benzinga | Aug 4, 2021 04:25PM EDT

E.L.F. Beauty Sees FY22 Net Sales $357M-$364M Vs $343M-$350M Prior

The Company is providing the following updated outlook for fiscal 2022. When compared to fiscal 2021, the updated outlook for fiscal 2022 reflects an expected 12-14% increase in net sales, as compared to an expected 8-10% increase previously.

Updated Fiscal Original Fiscal 2022 Outlook 2022 Outlook

Net sales $357-364 million $343-350 million

Adjusted EBITDA $66.5-68.0 million $66.0-67.5 million

Adjusted effective tax rate 24-25% 24-25%

Adjusted net income $36.0-37.5 million $35.0-36.8 million

Adjusted diluted earnings per $0.65-0.68 $0.64-0.67share

Weighted average diluted shares 55 million 55 millionoutstanding