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Olaplex Holdings, Inc. (symbol: OLPX) is a pioneering force in the professional hair industry. Founded in 2014, Olaplex has transformed hair care with its innovative bond-building technology, which works at a molecular level to protect, strengthen, and repair damaged hair. By addressing major haircare concerns, Olaplex's three-part system significantly reduces damage and breakage, empowering hairstylists and consumers alike to achieve healthier, more resilient hair.
Olaplex operates as a science-enabled, technology-driven beauty company, offering solutions that are scientifically backed to improve hair health. The company's proprietary, patent-protected ingredients have made it a go-to brand for professional hairstylists and consumers worldwide. Olaplex's products are distributed through a global omnichannel platform that includes professional, specialty retail, and direct-to-consumer (DTC) channels. The company generates its revenue primarily from the Professional sales channel, followed by Specialty Retail and DTC, with a significant portion of its income derived from international markets.
The company's commitment to innovation and quality has established it as a leader with the largest social media presence in the hair industry, boasting over 1,000,000 users globally. Recent developments include a revision to the Fiscal Year 2023 guidance and the active participation of key executives, like Chief Financial Officer Eric Tiziani, in investor relations conferences. Moreover, Olaplex continues to build on its strong business model, aiming for consistent sales and profit growth through strategic transformations and an expanding product line.
Olaplex's financial performance has demonstrated remarkable industry profitability, significantly aided by strategic leadership and collaborative efforts. The company’s most recent news includes reaffirming its Q1 2024 net sales guidance and ongoing search for a permanent CFO, signaling focused management and adaptation in a dynamic market.
For more information and latest updates, visit Olaplex Investor Relations.
OLAPLEX Holdings reported Q3 2024 financial results with net sales decreasing 3.6% to $119.1 million. Professional channel declined 12.6% to $42.2 million, while Direct-To-Consumer grew 6.8% to $34.3 million. The company experienced decreased performance both domestically (-3.3%) and internationally (-3.9%). Net income fell 27.3% with diluted EPS dropping from $0.03 to $0.02. The company revised its fiscal year 2024 guidance downward, now projecting net sales of $405-415 million, adjusted net income of $67-73 million, and adjusted EBITDA of $121-127 million.
Olaplex Holdings announced it will release its third quarter fiscal 2024 financial results before market opening on Thursday, November 7, 2024. The company will host an investor conference call and webcast at 9:00am ET/6:00am PT on the same day. Olaplex is a technology-driven beauty company known for its innovative bond-building hair care technology, which works by protecting, strengthening, and relinking broken bonds in hair. The company operates through professional, specialty retail, and direct-to-consumer channels.
Olaplex Holdings, Inc. (OLPX) has announced its participation in the Barclays 17th Annual Global Consumer Staples Conference in Boston, MA. CEO Amanda Baldwin will present on September 4, 2024, at 4:30pm ET and meet with investors during the event. The audio presentation will be available on Olaplex's Investor Relations website for 90 days following the conference.
Olaplex is a science-enabled, technology-driven beauty company focused on improving hair health. The company is known for its innovative bond-building technology, which protects, strengthens, and relinks broken bonds in hair. Olaplex's products are sold through professional, specialty retail, and direct-to-consumer channels.
OLAPLEX (NASDAQ: OLPX) reported Q2 2024 financial results, showing signs of business stabilization despite a 4.8% decrease in net sales to $103.9 million. Key highlights include:
- Specialty Retail increased 22.4% to $36.4 million
- Professional decreased 18.4% to $33.4 million
- Direct-To-Consumer decreased 11.5% to $34.1 million
- U.S. sales increased 7.3%, while international sales decreased 15.1%
- Diluted EPS remained at $0.01, same as Q2 2023
- Adjusted Diluted EPS stayed at $0.03
The company reiterated its fiscal year 2024 guidance, projecting net sales of $435-$463 million, adjusted net income of $87-$100 million, and adjusted EBITDA of $143-$159 million. OLAPLEX expects an adjusted gross profit margin of 72.5% to 73.1% for FY2024.
Olaplex Holdings, Inc. (OLPX) has announced its participation in the Canaccord Genuity 44th Annual Growth Conference in Boston, MA. CEO Amanda Baldwin will present on August 14, 2024, at 10:00am ET and meet with investors during the event. The audio presentation will be available on Olaplex's Investor Relations website for 90 days following the conference.
Olaplex is a science-driven beauty company focused on improving hair health through innovative bond-building technology. Their proprietary, patent-protected ingredient works at the molecular level to protect and repair damaged hair. The company's products are sold through professional, specialty retail, and direct-to-consumer channels.
Olaplex Holdings, Inc. (OLPX) has announced its plan to report second quarter fiscal 2024 financial results on Tuesday, August 6, 2024, before the market opens. The company will host an investor conference call and webcast at 9:00am ET/6:00am PT on the same day to review the results. Investors can access the webcast at https://ir.olaplex.com/ or join the conference call by dialing (201) 689-8521 or (877) 407-8813 for a toll-free number. A replay of the webcast will be available on the website for 90 days.
Olaplex is a science-enabled, technology-driven beauty company focused on improving hair health. Known for its innovative bond-building technology, Olaplex has revolutionized the prestige hair care category since 2014. The company's products are sold through professional, specialty retail, and direct-to-consumer channels.
Olaplex Holdings (NASDAQ: OLPX) has announced significant additions to its executive team with the appointments of Catherine Dunleavy as Chief Operating Officer and Chief Financial Officer, starting August 13, and Katie Gohman as Chief Marketing Officer, starting July 15. Dunleavy brings over 20 years of experience from roles at Away, Nike, Comcast, NBCUniversal, and GE, and will oversee OLAPLEX's business operations. Gohman, with a background in marketing at L’Oréal, Ralph Lauren, Coach, and Marc Jacobs, will lead global marketing efforts. CEO Amanda Baldwin highlighted the strategic importance of these appointments for OLAPLEX's growth and brand enhancement.
Olaplex Holdings, Inc. (NASDAQ: OLPX) reported Q1 2024 results showing a 13.1% decrease in net sales to $98.9 million, with a 63.1% decrease in net income. The company reiterated fiscal year 2024 guidance with expectations for adjusted gross profit margin, adjusted SG&A, adjusted EBITDA margin, net interest expense, and adjusted effective tax rate. The company remains focused on driving sell-through and enhancing brand capabilities to meet their annual goals.
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