OLPX - Olaplex Non-GAAP EPS of $0.03 misses by $0.02 revenue of $109.24M misses by $20.56M

2023-08-08 06:50:16 ET

• Olaplex press release ( NASDAQ: OLPX ): Q2 Non-GAAP EPS of $0.03 misses by $0.02 .
• Revenue of $109.24M (-48.2% Y/Y) misses by $20.56M .
• By channel:
  • Professional was $40.9 million, down 61.2%;
  • Direct-To-Consumer was $38.5 million, down 6.4%; and
  • Specialty Retail was $29.8 million, down 53.7%.
• For fiscal year 2023, the Company is now forecasting net sales in the range of $445 million to $465 million.
• The Company now anticipates adjusted EBITDA margin in the range of 36.2% to 37.8% for fiscal year 2023, compared to prior guidance of 46.4% to 50.8%.

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