Olaplex Q2 revenue down 4.8% to $103.9M; reiterates FY2024 guidance

OLAPLEX HOLDINGS, INC.

2024-Q2 EPS reported $0.02 revenue$202,849,000

Net sales $103.9M, down 4.8% YoY; diluted EPS flat at $0.01, adjusted EPS flat at $0.03.
Specialty retail up 22.4% to $36.4M; professional down 18.4% to $33.4M; DTC down 11.5% to $34.1M.
US sales up 7.3%, international sales down 15.1%.
Reiterated fiscal year 2024 guidance; management cites continued stabilization and transformation progress.
Net income $5.8M (down 6.1%); adjusted net income $18.8M (down 11.6%); EBITDA margin 30.8%.

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