Welcome to our dedicated page for Waldencast plc news (Ticker: WALD), a resource for investors and traders seeking the latest updates and insights on Waldencast plc stock.
Waldencast plc (WALD) operates a global beauty and wellness platform housing iconic brands like Obagi Skincare and Milk Makeup. This page provides investors and industry observers with direct access to official company announcements, financial updates, and strategic developments.
Track key updates including earnings reports, product innovations, partnerships, and leadership changes through verified press releases and curated news. Our repository ensures timely access to material information impacting WALD's position in the competitive beauty sector.
All content reflects Waldencast's commitment to purpose-driven growth and operational scalability. Users benefit from consolidated updates on brand expansions, sustainability initiatives, and market performance without speculative commentary.
Bookmark this page for streamlined monitoring of WALD's evolving multi-brand strategy. Check regularly for new developments shaping the future of conscious beauty enterprises.
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.
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