Elf Beauty sales down 11% in third quarter 2018

For the nine months ended September 30, 2018, Elf Beauty posted net sales of $188.9m, up 0.3% year-on-year

US-based Elf Beauty’s net sales fell 11% in the third quarter of 2018 to $63.9m. The drop was partly due to a decline in sales to customers in the discount channel.

Adjusted Ebitda was down 13% to $15.1m.

Net income...

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