Waldencast falls after quarterly sales miss
** Shares of beauty and wellness platform Waldencast WALD.O drop about 11.2% at $2.66 ** Posts Q2 net sales $66.8 million compared to estimates of $67.7 million - data compiled by LSEG ** Expects net sales to be broadly in line with 2024 and adjusted EBITDA margin in the high-single digits ** Sees a limited increase in cost of goods to offset tariff impact ** As of last close, stock down ~23% YTD (Reporting by Koyena Das) ((Koyena.das@thomsonreuters.com))
Recent news on Waldencast
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