Q3 net sales down 30% YoY to $123.6M; adjusted diluted EPS $0.05 vs $0.11

OLAPLEX HOLDINGS, INC.

2023-Q3 EPS reported $0.07 revenue$346,583,000

Net sales of $123.6M, down 30.0% YoY; Specialty Retail fell 41.8%, Professional -23.3%, DTC -18.2%.
Net income $20.4M (diluted EPS $0.03) vs $60.8M ($0.09) YoY; adjusted net income $33.4M ($0.05 adjusted EPS).
Adjusted EBITDA $51.5M (41.7% margin) vs $102.0M (57.8% margin) in Q3 2022.
Management cites progress stabilizing sales trend in H2 2023 with increased investments.

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. reported the third quarter ended September 30, 2023 results: revenue $123.6 million, net income $20.4 million, EPS $0.03.

Period: the third quarter ended September 30, 2023
Revenue: $123.6 million
Net income: $20.4 million
EPS: $0.03
Result: reported results

Exact text from the filing

changes that we believe will position the brand for long-term profitable growth." For the third quarter of 2023 compared to the third quarter of 2022: • Net sales were $123.6 million, down 30.0%; ◦ By channel: ▪ Professional was $48.3 million, down 23.3%; ▪ Specialty Retail was $43.2 million, down 41.8%; and ▪ Direct-To-Consumer was $32.1 million, down 18.2%.

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OLAPLEX HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001868726-23-000092

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