Olaplex Q4 net sales down 14.5% to $111.7M; FY net sales down 34.9% to $458.3M

OLAPLEX HOLDINGS, INC.

2023-FY EPS reported $0.09 revenue$458,300,000

Q4 2023 net sales $111.7M vs $130.7M YoY (-14.5%); U.S. sales declined 27.9%, international down 0.7%.
Q4 diluted EPS $0.02 vs $0.05 YoY; adjusted diluted EPS $0.03 vs $0.07.
FY 2023 net sales $458.3M vs $704.3M (-34.9%); net income fell 74.8% to $61.6M.
Professional channel sales down 22.7% in Q4; Direct-to-Consumer down 2.8%; Specialty Retail down 16.3%.
CEO Amanda Baldwin said results in line with expectations; focused on stabilizing demand for 2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

OLAPLEX HOLDINGS, INC. reported fourth quarter and fiscal year ended December 31, 2023 results: revenue $111.7 million, net income $14,101, EPS $0.02.

Period: fourth quarter and fiscal year ended December 31, 2023
Revenue: $111.7 million
Net income: $14,101
EPS: $0.02
Result: reported results

Exact text from the filing

results for the fourth quarter and fiscal year ended December 31, 2023. For the fourth quarter 2023 compared to the fourth quarter 2022 : • Net sales decreased 14.5% to $111.7 million; ◦ Net sales decreased 27.9% in the United States and decreased 0.7% internationally ◦ By channel: ▪ Professional decreased 22.7% to $42.5 million; ▪ Direct-To-Consumer decreased

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Source: SEC EDGAR

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