---
schema_version: "secwatch.filing_event.v1"
accession: "0001868726-23-000061"
form_type: "8-K"
ticker: "OLPX"
cik: "0001868726"
company_name: "OLAPLEX HOLDINGS, INC."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:59:04.715816+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001868726-23-000061
- form_type: 8-K
- ticker: OLPX
- cik: 0001868726
- company_name: OLAPLEX HOLDINGS, INC.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1868726/000186872623000061/0001868726-23-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868726/000186872623000061/olpx-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001868726-23-000061
- JSON: https://secwatch.observer/filing/0001868726-23-000061.json
- Plain text: https://secwatch.observer/filing/0001868726-23-000061.txt

## Key facts
- Earnings Releases
  OLAPLEX HOLDINGS, INC. updated its fiscal year 2023 guidance (lowered).
  - Period: fiscal year 2023
  - Guidance: lowered
  - Result: guidance update
  source text: we have updated our assumptions for the remainder of the year and reduced our fiscal 2023 outlook.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868726/000186872623000061/0001868726-23-000061-index.htm
- Earnings Releases
  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
  source text: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868726/000186872623000061/0001868726-23-000061-index.htm

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