2024-07-15 22:06:07 ET
Summary
- Olaplex reported a Q1 slightly beating the previously guided sales range, and showing a good profitability despite the slower sequential and year-over-year revenues.
- The company should report its Q2 results soon, and I suggest watching the revenues closely as the 2024 outlook expects sequential improvements.
- The stock's valuation is becoming more attractive, but due to the high-risk profile regarding the prior PR headwinds and the needed return to growth, I remain neutral.
Olaplex Holdings, Inc. ( OLPX ) in May reported the company’s Q1 financials, showing a performance roughly in line with the previously announced sales guidance combined with good profitability. The company has its Q2 report ahead likely in the coming weeks, and with the reaffirmed 2024 guidance suggesting a gradual recovery into growth, I believe that investors should watch Q2 closely to see how the sales growth turnaround is performing....
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Olaplex: Hoping For Revenue Improvements Going Ahead