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e.l.f. Beauty, Inc. (ELF) CEO Tarang Amin on Q1 2022 Results - Earnings Call Transcript

Aug. 04, 2021 11:31 PM ETe.l.f. Beauty, Inc. (ELF)
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e.l.f. Beauty, Inc. (NYSE:ELF) Q1 2022 Earnings Conference Call August 4, 2021 4:30 PM ET

Company Participants

KC Katten - Vice President of Corporate Development and Investor Relations

Tarang Amin - Chairman and Chief Executive Officer

Mandy Fields - Senior Vice President and Chief Financial Officer

Conference Call Participants

Erinn Murphy - Piper Sandler

Andrea Teixeira - JPMorgan

Grace Menk - Jefferies

Dara Mohsenian - Morgan Stanley

Linda Bolton Weiser - D.A. Davidson

Olivia Tong - Raymond James

Oliver Chen - Cowen

Mark Astrachan - Stifel

Rupesh Parikh - Oppenheimer

KC Katten

Thank you for joining us today to discuss e.l.f. Beauty's First Quarter Fiscal 2022 Results. I'm KC Katten, Vice President of Corporate Development and Investor Relations. With me today are Tarang Amin, Chairman and Chief Executive Officer; and Mandy Fields, Senior Vice President and Chief Financial Officer.

We encourage you to tune into our webcast presentation for the best viewing experience, which you can access on our website at investor.elfbeauty.com. Since many of our remarks today contain forward-looking statements, please refer to our earnings release and reports filed with the SEC where you'll find factors that could cause actual results to differ materially from these forward-looking statements.

In addition, the company's presentation today includes information presented on a non-GAAP basis. Our earnings release contains reconciliation of the differences between the non-GAAP presentation and the most directly comparable GAAP measure.

With that, let me turn the webcast over to Tarang.

Tarang Amin

Thank you, KC, and good afternoon, everyone. Today, we will discuss the drivers of our Q1 results, as well as our raised outlook for fiscal 2022. I want to start by recognizing our e.l.f. Beauty team. We delivered Q1 results well ahead of our expectations with Q1 net sales of $97 million, up 50% versus year ago. Q1 marked our 10th consecutive quarter of net sales growth and our largest

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