e.l.f. Beauty (ELF) Q4 Earnings Beat Estimates, Sales Rise Y/Y

Adjusted selling, general and administrative (SG&A) expenses were up 72.9% from the fourth-quarter fiscal 2023 level to $196.9 million. As a percentage of net sales, adjusted SG&A deleveraged 50 bps to 61.3% mainly due to increased investments in marketing and digital initiatives, higher compensation and benefits, operations costs, retail fixturing and visual merchandising, and elevated depreciation, amortization and professional fees. e.l.f. Beauty (ELF) reported impressive results for fourth-quarter fisca ...