---
schema_version: "secwatch.filing_event.v1"
accession: "0001868726-24-000026"
form_type: "8-K"
ticker: "OLPX"
cik: "0001868726"
company_name: "OLAPLEX HOLDINGS, INC."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T00:54:55.279130+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001868726-24-000026
- form_type: 8-K
- ticker: OLPX
- cik: 0001868726
- company_name: OLAPLEX HOLDINGS, INC.
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1868726/000186872624000026/0001868726-24-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1868726/000186872624000026/olpx-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001868726-24-000026
- JSON: https://secwatch.observer/filing/0001868726-24-000026.json
- Plain text: https://secwatch.observer/filing/0001868726-24-000026.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1868726/000186872624000026/0001868726-24-000026-index.htm

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