Olaplex Q4 net sales down 21.5% to $130.7M; net income falls 51.5%

OLAPLEX HOLDINGS, INC.

2022-FY EPS reported $0.35 revenue$704,274,000

Q4 net sales $130.7M vs $166.5M YoY; US sales down 28.0%, international down 13.4%.
Q4 diluted EPS $0.05 vs $0.10; adjusted diluted EPS $0.07 vs $0.10.
Full-year 2022 net sales up 17.7% to $704.3M; net income up 10.5% to $244.1M.
Specialty Retail channel Q4 sales plunged 45.3% to $32.6M; Professional down 3.9%.
CEO cites rapidly changing market; 2023 priorities to reset base and invest in core.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OLAPLEX HOLDINGS, INC. reported Q4 2022 results: revenue $ 130,721, net income $ 33,633, EPS $ 0.05.

Period: Q4 2022
Revenue: $ 130,721
Net income: $ 33,633
EPS: $ 0.05
Result: reported results

Exact text from the filing

Fourth Quarter 2022 Highlights (Dollars in $000’s, except per share data) Q4 2022 Q4 2021 % Change Net Sales $ 130,721 GL $ 166,498 (21.5)% Gross Profit $ 92,090 $ 132,213 (30.3)% Gross Profit Margin 70.4 % 79.4 % Adjusted Gross Profit $ 94,735 $ 133,803 (29.2)% Adjusted Gross Profit Margin 72.5 % 80.4 % SG&A $ 34,645 $ 23,555 47.1% Adjusted SG&A $ 28,836 $ 22,605 27.6% Net Income $ 33,633 $ 69,311 (51.5)% Adjusted Net Income $ 48,325 $ 71,393 (32.3)% Adjusted EBITDA $ 67,626 $ 110,678 (38.9)% Adjusted EBITDA Margin 51.7 % 66.5 % Diluted EPS $ 0.05 $ 0.10 (50.0)% Adjusted Diluted EPS $ 0.07 $ 0.10 (30.0)% Weighted Average Diluted Shares Outstanding 686,036,091 692,863,933

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Source: SEC EDGAR

accession 0001868726-23-000013

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