e.l.f. Beauty, Inc. (NYSE:ELF) Q3 2023 Earnings Call Transcript

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Mark Astrachan: Thanks and any thoughts about performance kind of nearer term versus longer term in the category?

Tarang Amin: Well, I mean, I think if you look longer term, when I look at long arcs of this category looking over the last 30,40 years, this is a category that in the mass side was a consistent grower and kind of call it this low to mid-single digits. We’re obviously seeing outsized growth right now in Q3. I would expect to see outsized growth, part of it in Q4 will be related to the compares to Omicron and the suppressed volume we saw there. But I am hopeful for lease back to historical ranges, if not a little bit higher in the coming year.

Mark Astrachan: Okay. Thank you.

Operator: Our next question is a follow-up from Olivia Tong with Raymond James. Please go ahead.

Olivia Tong Cheang: Apologies, my question has been answered. Thank you so much.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Tarang Amin for any closing remarks.

Tarang Amin: Well, thank you for joining us today. As you can tell, I’m so proud of our incredible team at e.l.f. Beauty for delivering yet another quarter of outstanding results. We look forward to seeing some of you at our upcoming investor meetings since speaking with you in May when we’ll discuss our fourth quarter and guidance for FY’24. Thank you and be well.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.

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