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Company points to decline in sales to discount channel customers, certain pipeline shipments in the third quarter of 2017.
November 6, 2018
By: Christine Esposito
Editor-in-Chief
e.l.f. Beauty yesterday announced results for its three- and nine-month periods ended September 30, 2018. Net sales for the three months ended Sept. 30 decreased 11%, or $8.0 million from the third quarter of 2017, to $63.9 million, primarily attributable to a decline in sales to discount channel customers, as well as certain pipeline shipments in the third quarter of 2017. Gross margin increased from 60% to 61% in the third quarter of 2018, primarily as a result of changes in customer m...
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