secwatch.observer — SEC 8-K summary
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Issuer:     OLAPLEX HOLDINGS, INC. (OLPX)
CIK:        0001868726
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001868726-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1868726/000186872624000005/0001868726-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1868726/000186872624000005/olpx-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001868726-24-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer