Olaplex Q1 net sales fall 13.1% to $98.9M; diluted EPS $0.01

OLAPLEX HOLDINGS, INC.

2024-Q1 EPS reported $0.01 revenue$98,906,000

Net sales $98.9M (-13.1% YoY); professional channel down 19.9% to $38.7M, DTC down 15.7%, specialty retail -1.2%.
Net income $7.7M (-63.1%); adjusted net income $20.6M (-34.4%); diluted EPS $0.01 vs $0.03.
Adjusted EBITDA $35.5M (-29.1%); margin 35.9% vs 44.0% a year ago.
Reiterated fiscal year 2024 guidance after Q1 results.
CEO Amanda Baldwin says Q1 reflects progress on 2024 transformation plan.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.85

OLAPLEX HOLDINGS, INC. updated its first quarter ended March 31, 2024 guidance (reaffirmed).

Period: first quarter ended March 31, 2024
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On May 2, 2024, Olaplex Holdings, Inc. (the “Company”) issued a press release announcing its results of operations for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001868726-24-000026

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