Waldencast plc Stock Price, News & Analysis

Waldencast (NASDAQ: WALD), a global beauty and wellness platform, announced its earnings release and conference call schedule for the second and third quarters of fiscal 2024. The company will issue a press release detailing its Q2 financial performance on August 27, 2024, after the U.S. stock market closes. A conference call and webcast will follow on August 28, 2024, at 8:30am ET. Additionally, Q3 financial results will be released on November 20, 2024, with a corresponding call and webcast on November 21, 2024, at 8:30am ET. Details for dialing in and accessing the webcast will be provided on Waldencast's investor relations website approximately two weeks before the earnings dates.

Waldencast (NASDAQ: WALD), a global beauty and wellness platform, announced its participation in two upcoming investor conferences. On June 5, 2024, Waldencast will join the TD Cowen 8th Annual Future of the Consumer Conference in New York City, where management will host a fireside chat at 1:00 p.m. ET and meet investors throughout the day. On June 10, 2024, Waldencast will participate in the Oppenheimer 24th Annual Consumer Growth and E-Commerce Conference, hosting a fireside chat at 9:45 a.m. ET and virtual investor meetings all day. Both presentations will be available for live streaming and replay on Waldencast's Investor Relations page.

Waldencast (NASDAQ: WALD) reported its Q1 2024 financial results, highlighting a strong start to the year with a 21% increase in net revenue to $68.3 million, compared to Q1 2023. The company saw growth in both Obagi Skincare (+20.6% comparable net revenue) and Milk Makeup (+21.5%). Adjusted EBITDA rose by 12.9% to $11.4 million. Gross profit improved to $49.6 million, up from $37.0 million in Q1 2023, driven by higher e-commerce sales and a shift to a direct model with Amazon. However, the company reported a net loss of $3.9 million, a significant improvement from the $13.2 million loss in Q1 2023.

The beauty market context showed Prestige Beauty's growth outpacing Mass Beauty, with a 9% rise in Q1 2024. Waldencast expects full-year comparable net revenues to grow faster than Q1 and anticipates an adjusted EBITDA margin in mid-teens for FY2024. Liquidity stood at $26.8 million in cash and cash equivalents and $150.5 million in net debt as of March 31, 2024.

Waldencast plc (NASDAQ: WALD), a global multi-brand beauty and wellness platform, announced that it will release its first quarter fiscal 2024 earnings results on Tuesday, May 21, 2024, before the U.S. stock market opens. The company will hold a conference call at 8:30am ET on the same day to discuss the results.

Investors and analysts can join the call by dialing (877) 704-4453, or (201) 389-0920 for international callers. The earnings call will also be webcast live on the company's investor relations website, where a replay will be available for 90 days.

Waldencast plc, a global multi-brand beauty and wellness platform, will participate in the CreatorIQ Connect Europe conference in London on May 2, 2024. Founder and CEO Michel Brousset will discuss building legacy brands with industry leaders. The event aims to explore creator marketing strategies in the beauty industry.

Waldencast plc reported a successful fiscal year 2023 with net revenue of $218.1 million, a 15.3% increase from 2022. Group combined comparable revenue reached $212.5 million, and adjusted EBITDA improved to $24.4 million. Obagi Skincare saw revenue growth excluding Southeast Asia, while Milk Makeup excelled with revenue of $100.5 million. The company expects a 20% growth in Q1 2024 and an expansion in adjusted EBITDA margin for FY2024.