---
schema_version: "secwatch.filing_event.v1"
accession: "0001868726-23-000034"
form_type: "8-K"
ticker: "OLPX"
cik: "0001868726"
company_name: "OLAPLEX HOLDINGS, INC."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T10:22:10.157625+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001868726-23-000034
- form_type: 8-K
- ticker: OLPX
- cik: 0001868726
- company_name: OLAPLEX HOLDINGS, INC.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1868726/000186872623000034/0001868726-23-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868726/000186872623000034/olpx-20230509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001868726-23-000034
- JSON: https://secwatch.observer/filing/0001868726-23-000034.json
- Plain text: https://secwatch.observer/filing/0001868726-23-000034.txt

## Key facts
- Earnings Releases
  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
  source text: 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%; ◦
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868726/000186872623000034/0001868726-23-000034-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.