Overview
Olaplex Q3 net sales decreased 3.8% yr/yr but beat analyst expectations
Adjusted EBITDA for Q3 beat analyst expectations
Net income for Q3 decreased 24.8% yr/yr
Outlook
Olaplex reaffirms fiscal 2025 net sales guidance of $410 mln to $431 mln
Company expects adjusted gross profit margin of 70.5% to 71.5% for 2025
Olaplex anticipates adjusted EBITDA margin of 20% to 22% for fiscal 2025
Result Drivers
SALES CHANNEL PERFORMANCE - Specialty Retail and Direct-To-Consumer sales declined, while Professional channel sales increased
INTERNATIONAL GROWTH - Net sales increased 7.1% internationally, offsetting some U.S. declines
INVESTMENTS AND PRODUCT LAUNCHES - Co attributes results to investments in sales, marketing, and new product introductions
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Beat
$114.58 mln
$110.59 mln (6 Analysts)
Q3 EPS
$0.02
Q3 Adjusted EBITDA
Beat
$30.79 mln
$27.93 mln (7 Analysts)
Q3 Adjusted EBITDA Margin
26.90%
Q3 Gross Profit
$79.20 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the personal products peer group is "buy."
Wall Street's median 12-month price target for Olaplex Holdings Inc is $1.75, about 39.4% above its November 5 closing price of $1.06
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 19 three months ago
Press Release: ID:nGNX3ztk54
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)