Olaplex Q1 net sales $113.8M, down 38.9%; diluted EPS $0.03 vs $0.09

OLAPLEX HOLDINGS, INC.

2023-Q1 EPS reported $0.03 revenue$113,787,000

Net sales fell 38.9% to $113.8M; net income down 66.2% to $21.0M.
Diluted EPS $0.03 (adjusted $0.05) vs $0.09 ($0.13) year ago.
Professional channel -37.2%, Specialty Retail -45.8%, DTC -31.9%.
US sales dropped 60.3%; international essentially flat at +0.1%.
Gross margin contracted to 71.0% from 75.8%; adjusted EBITDA margin 44.0% vs 67.9%.

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 first quarter ended March 31, 2023 results: revenue $113.8 million, EPS $0.03.

Period: first quarter ended March 31, 2023
Revenue: $113.8 million
EPS: $0.03
Result: reported results

Exact text from the filing

consistent and sustained sales growth at continued top-tier profitability in the future." For the first quarter of 2023 compared to the first quarter of 2022: • Net sales were $113.8 million, down 38.9%; ◦ By channel: ▪ Professional was $48.4 million, down 37.2%; ▪ Specialty Retail was $34.9 million, down 45.8%; ▪ Direct-To-Consumer was $30.5 million, down 31.9%; ◦

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OLAPLEX HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001868726-23-000034

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