Olaplex Holdings, Inc. Stock Price, News & Analysis

Olaplex Holdings reported a 9.2% increase in net sales for Q3 2022, reaching $176.5 million, despite a 4.3% decline in U.S. sales. International sales soared 27.8%. The company’s net income rose 7.4%, while adjusted net income decreased 1.6%. Diluted EPS increased to $0.09. However, the gross profit margin fell to 73.6%. For the nine months ending September 30, 2022, net sales surged 32.8% to $573.6 million. The company reaffirmed its fiscal 2022 guidance, projecting net sales between $704 million and $711 million.

Olaplex Holdings will report its third quarter fiscal 2022 financial results on November 9, 2022, before market opening. An investor conference call will follow at 9:00 AM ET, accessible via phone and an online webcast. The company is known for its innovative bond-building hair care products, which aim to improve hair health through a patented ingredient. These products are available through a growing omnichannel distribution strategy, including professional and direct-to-consumer channels.

Olaplex Holdings, Inc. (NASDAQ:OLPX) is facing an investigation by Holzer & Holzer, LLC for potential violations of federal securities laws. This inquiry follows Olaplex's announcement on October 18, 2022, where it lowered its fiscal year 2022 guidance, resulting in a significant drop in its stock price. Investors who have incurred losses are encouraged to contact Holzer & Holzer for legal support. The law firm specializes in representing shareholders in securities litigation and has a history of recovering funds for affected investors.

Olaplex Holdings, Inc. (NASDAQ: OLPX) has announced preliminary third-quarter 2022 expectations, forecasting net sales of approximately $176.5 million, a 9.2% increase from $161.6 million in Q3 2021. Anticipated net income ranges from $59.0 million to $61.0 million, with adjusted net income between $71.3 million to $73.3 million. However, the company revised its fiscal 2022 guidance downward due to macroeconomic pressures and increased competition. Q3 expected gross margin is between 72.5% and 73.7%.

Olaplex Holdings (NASDAQ: OLPX) reported a strong second quarter for 2022, with net sales increasing 38.6% year-over-year to $210.9 million. Sales grew in all regions, with a notable 41.3% increase in the U.S. and 35.2% internationally. Net income surged by 77.7% to $87.7 million, resulting in a diluted EPS of $0.13, up from $0.08 last year. With solid cash reserves of $198 million and a reaffirmed fiscal year guidance, the company remains optimistic about future growth.

Olaplex Holdings, Inc. (OLAPLEX) announced its plan to release second quarter fiscal 2022 financial results on August 9, 2022, before the market opens. The company will host an investor conference call at 9:00 AM ET to discuss the results. Olaplex, known for its innovative hair care products that utilize patented technology to strengthen and repair hair, emphasizes its commitment to improving consumer hair health through a diversified distribution strategy across professional and retail channels.

Olaplex Holdings (NASDAQ: OLPX) will participate in the Deutsche Bank dbAccess Global Consumer Conference in Paris on June 15, 2022, with a fireside chat featuring CEO JuE Wong and CFO Eric Tiziani at 12:00pm GMT. The audio will be available on their Investor Relations website for 90 days post-event. Olaplex is known for its innovative hair care products that utilize a patent-protected ingredient to repair and strengthen hair, establishing a new category in hair care.

Olaplex Holdings will participate in the Cowen 6th Annual Future of the Consumer Conference in New York City on May 24, 2022. CEO JuE Wong and CFO Eric Tiziani will engage in a fireside chat at 8:00 AM ET. Investors will have the opportunity to meet with the company’s management team during the event. An audio recording of the chat will be available on the company’s Investor Relations website for 90 days following the conference. Olaplex is known for its innovative hair care products that repair and protect hair.

Olaplex Holdings (OLPX) reported a significant net sales increase of 57.6% for Q1 2022, reaching $186.2 million. The company achieved a diluted EPS of $0.09 and an adjusted diluted EPS of $0.13. Notably, professional sales grew 62.6%, while specialty retail surged 102.5%. Net income rose by 36.1%, totaling $61.96 million. Despite a 3.4% decline in gross margin, Olaplex reaffirmed its 2022 guidance, projecting net sales between $796 million and $826 million.