Olaplex Q2 net sales down 48% to $109M; revises FY2023 guidance lower

OLAPLEX HOLDINGS, INC.

2023-Q2 EPS reported $0.04 revenue$223,028,000

Net sales $109.2M (-48.2% YoY); net income $6.2M vs $87.7M; diluted EPS $0.01 vs $0.13.
Channel declines: Professional -61.2% ($40.9M), Specialty Retail -53.7% ($29.8M), DTC -6.4% ($38.5M).
US net sales down 58.7% and international down 34.0% YoY in Q2.
Revised FY2023 outlook downward due to slower demand and inventory adjustments.
Adjusted EBITDA $36.7M vs $133.1M YoY, margin fell from 63.1% to 33.6%.

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 0.9

OLAPLEX HOLDINGS, INC. updated its fiscal year 2023 guidance (lowered).

Period: fiscal year 2023
Guidance: lowered
Result: guidance update

Exact text from the filing

we have updated our assumptions for the remainder of the year and reduced our fiscal 2023 outlook.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

OLAPLEX HOLDINGS, INC. reported the second quarter ended June 30, 2023 results: revenue $109.2 million, net income $6.2 million, EPS $0.01. Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: $109.2 million
Net income: $6.2 million
EPS: $0.01
Guidance: reaffirmed
Result: reported results

Exact text from the filing

backed by science and technology, we remain confident in our long-term opportunities." For the second quarter of 2023 compared to the second quarter of 2022: • Net sales were $109.2 million, down 48.2%; ◦ By channel: ▪ Professional was $40.9 million, down 61.2%; ▪ Direct-To-Consumer was $38.5 million, down 6.4%; and ▪ Specialty Retail was $29.8 million, down 53.7%.

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Source: SEC EDGAR

accession 0001868726-23-000061

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