Olaplex Q4 net sales $100.7M (-9.8%), net loss; Professional channel down 27% YoY

OLAPLEX HOLDINGS, INC.

Q4 net sales $100.7M, down 9.8% YoY; net loss $8.8M vs net income $14.1M a year ago.
Q4 adjusted diluted EPS $0.01 vs $0.03; FY adjusted EPS $0.11 vs $0.16.
Specialty Retail channel grew 5.4% in FY; Professional declined 19.3%; DTC declined 5.7%.
FY net sales $422.7M (-7.8%); net income $19.5M (-68.3%).
CEO says Q4 results ahead of November expectations; transformation foundation laid.

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