- Revenue: $353.7M (Est. $353.5M) UP +9% YoY✅
- Adj EPS: $0.89 (Est. $0.84) ✅
- Market Share: +210bps; 26th consecutive quarter of gains
H1 FY26:
- Net Sales Growth: >9% YoY
- Adjusted EBITDA Margin: ~20% (vs. ~23% in H1 FY25)
Strategic Updates:
- Acquired Hailey Bieber's brand rhode for $800M (closed Aug 5)
- Raised prices by ~$1 across categories to offset tariff costs
- Reduced China-based production to <75% from ~100% in 2019
Other Metrics:
- Adj EBITDA: $87.1M; UP +12% YoY
- Adj EBITDA Margin: 25%
- Adj Net Income: $51.3M
- Gross Margin: 69%; DOWN -215bps YoY
Liquidity:
- Cash: $170M
- Long-Term Debt: $256.7M
CEO Commentary – Tarang Amin:
🟡 “Our strong Q1 results are a continuation of the consistent, category-leading growth we’ve delivered over the past 26 quarters.”
🟡 “We remain excited by the significant whitespace we see ahead as we strive to make the best of beauty accessible for all.”