By Kelly Cloonan

E.l.f. Beauty raised its fiscal year guidance after profit and sales climbed in its latest quarter, helped by the growth of its Rhode brand.

For the current fiscal year, E.l.f. now projects adjusted earnings per share of $3.05 to $3.10, up from $2.80 to $2.85 previously.

It now expects sales to rise 22% to 23% to a range of $1.6 billion to $1.61 billion, up from a prior forecast of $1.55 billion to $1.57 billion.

The new forecast factors in some timing shifts in spending out of the fiscal third quarter into the current quarter, the company said.

The guidance comes after the company posted higher profit and sales for the third quarter, boosted by contributions from Rhode, the skincare brand it acquired last year.

"Rhode had a phenomenal quarter," Chief Executive Tarang Amin said in an interview.

Rhode, which was founded by Hailey Bieber, has attracted new customers to E.l.f., helping the company strengthen its hold on its core Gen Z, Gen Alpha and Millennial customers, Amin said.

E.l.f.'s geographic expansion also contributed to overall growth in the recent quarter, with international sales up 44%, Amin said. The beauty product company has been entering a new country just about every quarter, building on early success with its initial expansions into Canada and the UK, he said.

For the fiscal third-quarter, E.l.f.'s profit rose to $39.4 million, or 65 cents a share, compared with $17.3 million, or 30 cents a share, a year earlier.

Adjusted earnings per share were $1.24, ahead of estimates for 72 cents a share according to analysts polled by FactSet.

Revenue jumped 38% to $489.5 million, topping analyst estimates of $461.8 million.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

February 04, 2026 16:08 ET (21:08 GMT)

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