Olaplex (OLPX) Net Sales Drop Looks Hairy, Investors Find Beauty in Other Earnings Metrics as Stock Trades Up, ~20%
    Olaplex (OLPX) Net Sales Drop Looks Hairy, Investors Find Beauty in Other Earnings Metrics as Stock Trades Up, ~20%
    PRISM View

    May 02, 2024 - by Ashlee Vogenthaler

    Olaplex (OLPX) Net Sales Drop Looks Hairy, Investors Find Beauty in Other Earnings Metrics as Stock Trades Up, ~20%

    02 May 2024

    New York, May 02, 2024 - PRISM MarketView -The tech-driven beauty retailer and PRISM Consumer Products Index company, Olaplex Holdings, Inc. (OLPX) announced its Q1 financial results today as EPS came in line $0.03 vs FactSet $0.03, quarterly revenues beat $98.9M vs FactSet $95.2M however, net sales dropped by 13%. Despite this miss, the company is maintaining its FY 2024 guidance citing $435M – $463M in net sales.
    Olaplex Holdings, Inc - Prism MarketView

    Olaplex Holdings, Inc - Prism MarketView

    OLAPLEX, Inc. (Nasdaq: OLPX) is an innovative, science-enabled, technology-driven beauty company. We are founded on the principle of delivering effective, paten

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    OLAPLEX Reports First Quarter 2024 Results

    OLAPLEX Reports First Quarter 2024 Results

    Reiterates Fiscal Year 2024 GuidanceNEW YORK, May 02, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ: OLPX) ("OLAPLEX" or the "Company") today announced financial results for the first quarter ended March 31, 2024. Amanda Baldwin, OLAPLEX’s Chief Executive Officer, commented: "Our first quarter results represent progress on the business transformation plan that we outlined earlier this year. I am encouraged with our performance to date and believe we are well-positioned to achieve our g

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    On its earnings call, the company cited consumer trends remain consistent with past quarters in the professional and beauty channels, gross margin expansion is expected to continue, and all three of its channels are expected to stabilize and strengthen throughout the remainder of the year.
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