Olaplex Holdings, Inc. (OLPX) reported $119.08 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.6%. EPS of $0.04 for the same period compares to $0.05 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $125.43 million, representing a surprise of -5.06%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.04.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ: OLPX) ("OLAPLEX" or the "Company") today announced financial results for the third quarter and nine months ended September 30, 2024. Amanda Baldwin, OLAPLEX’s Chief Executive Officer, commented: "This year has been dedicated to transformation and we continue to make strides on our plan to prioritize product innovation and the Professional community. While we have seen meaningful progress against our strategic goals, we have revised ...

NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (“OLAPLEX”), today announced that it plans to report third quarter fiscal 2024 financial results before the market opens on Thursday, November 7, 2024. The company plans to host an investor conference call and webcast to review third quarter fiscal 2024 financial results at 9:00am ET/6:00am PT on the same day. The webcast can be accessed at https://ir.olaplex.com/. The conference call can be accessed by calling (201) 689-8521 or (877) 407-88 ...

Investment Thesis - Olaplex Holdings is considered oversold and undervalued, with potential for recovery due to its strong product mix, balance sheet, and institutional ownership [2] - The company is focusing on reconnecting with industry professionals and expanding into the curly/textured haircare market to capture a larger market share [2] Business Overview - Olaplex specializes in haircare and was founded by scientists who developed a chemical solution to repair damaged hair [3] - The company generates revenue through three channels: Direct to Consumer (DTC), Professional, and Specialty Retail, with net sales totaling $453 million in 2023 [6] - The Professional channel accounted for 39% of net sales, Specialty Retail for 30%, and DTC for 31% in 2023 [6] Product Mix and Offering - Olaplex offers 14 primary hair care products, supported by 160 patents, and has four of the five best-selling prestige hair products in early 2024 [7] - The company has received multiple industry awards for its products, enhancing its reputation in the beauty market [7] Pricing Strategy - Olaplex strategically prices its products slightly below competitors, maintaining a competitive advantage while appealing to consumers' discretionary spending [8] Financial Health - Despite declining revenues, Olaplex maintains a strong balance sheet, with cash and cash equivalents of $507.9 million and total assets of $1.76 billion as of June 30, 2024 [14][13] - The company has reduced long-term debt by 12.4% since 2021, demonstrating financial resilience [14] Catalysts for Growth - The company is implementing initiatives to reconnect with professional hairstylists, which are crucial for driving sales in the Professional category [17] - Olaplex is entering the curly haircare market with new product launches, tapping into a growing segment projected to grow at 4.7% annually through 2031 [18] - New executive leadership, including CEO Amanda Baldwin, is expected to drive strategic growth and product expansion [21] Valuation - A discounted cash flow analysis suggests an intrinsic share price of $2.98, indicating that shares are undervalued by 37% based on current market conditions [24]

Should investors follow Olaplex's executive chairman and consider buying shares of their own? Shares of prestige hair care company Olaplex (OLPX 0.83%) have risen 16% this week as of 12:30 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence. Since reporting respectable earnings on Aug. 6, the company's shares have spiked 32%. The primary catalyst for the company's run-up in share price this week seems to be tied to an announcement on Wednesday that executive chairman John Bilbrey ...

NEW YORK, Aug. 21, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. ("OLAPLEX"), today announced their participation in the Barclays 17th Annual Global Consumer Staples Conference in Boston, MA. Amanda Baldwin, Chief Executive Officer will present on Wednesday, September 4, 2024 at 4:30pm ET, and will meet with investors during the conference. The audio portion of the presentation will be available on the Company's Investor Relations website, https://ir.olaplex.com/, and will remain there for 90 days followi ...

Olaplex Holdings, Inc. (OLPX) reported $103.94 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 4.9%. EPS of $0.03 for the same period compares to $0.03 a year ago. The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $102.92 million. With the consensus EPS estimate being $0.03, the company has not delivered EPS surprise. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

Company Performance - Olaplex Holdings, Inc. reported quarterly earnings of $0.03 per share, matching the Zacks Consensus Estimate, and the same as the previous year [1] - The company posted revenues of $103.94 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 0.99%, but down from $109.24 million a year ago [2] - Over the last four quarters, Olaplex has surpassed consensus revenue estimates four times, but has only done so for EPS estimates once [1][2] Stock Performance - Olaplex shares have declined approximately 27.2% since the beginning of the year, contrasting with the S&P 500's gain of 8.7% [3] - The current Zacks Rank for Olaplex is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.04 on revenues of $129.97 million, and for the current fiscal year, it is $0.14 on revenues of $450.66 million [7] - The cosmetics industry, to which Olaplex belongs, is currently ranked in the bottom 32% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Net Sales Performance - Net sales decreased by 4.8% to $103.9 million in Q2 2024 compared to Q2 2023, with Specialty Retail increasing by 22.4% to $36.4 million, Professional decreasing by 18.4% to $33.4 million, and Direct-To-Consumer decreasing by 11.5% to $34.1 million[1] - For the six months ended June 30, 2024, net sales decreased by 9.0% to $202.849 million compared to the same period in 2023[3] - Net sales for Q2 2024 were $103.9 million, a decrease from $109.2 million in Q2 2023[17] Net Income and Adjusted Net Income - Net income decreased by 6.1% and adjusted net income decreased by 11.6% in Q2 2024 compared to Q2 2023[1] - Adjusted net income for the six months ended June 30, 2024, decreased by 25.2% to $39.347 million compared to the same period in 2023[3] - Net income for Q2 2024 was $5.8 million, compared to $6.2 million in Q2 2023[17] - Net income for Q2 2024 was $5.8 million, a decrease from $6.2 million in Q2 2023[20] - Adjusted net income for Q2 2024 was $18.8 million, down from $21.2 million in Q2 2023, with adjusted EPS of $0.03[22] Adjusted EBITDA and Margin - Adjusted EBITDA decreased by 12.7% to $32.054 million in Q2 2024 compared to Q2 2023, with an adjusted EBITDA margin of 30.8%[2] - Adjusted EBITDA margin is expected to be in the range of 32.8% to 34.3% for fiscal year 2024[7] - Adjusted EBITDA and adjusted EBITDA margin are used as key non-GAAP financial measures to assess the company's operating performance[13] - The company provided forward-looking guidance for adjusted EBITDA, adjusted EBITDA margin, and other non-GAAP metrics but cannot reconcile them to GAAP measures due to uncertainty[14] - Adjusted EBITDA for Q2 2024 was $32.1 million, down from $36.7 million in Q2 2023, with a margin of 30.8% compared to 33.6% in the prior year[20] Gross Profit and Margin - Gross profit for Q2 2024 was $72.4 million, down from $77.5 million in Q2 2023[17] - Adjusted gross profit margin is anticipated to be in the range of 72.5% to 73.1% for fiscal year 2024, compared to 71.4% in fiscal year 2023[6] - Adjusted gross profit for Q2 2024 was $74.7 million, with a margin of 71.9%, slightly lower than 72.7% in Q2 2023[20] SG&A Expenses - Adjusted SG&A is expected to be in the range of $172 million to $179 million for fiscal year 2024, an increase of $19 million to $26 million compared to fiscal year 2023[7] - Adjusted SG&A expenses for Q2 2024 were $42.6 million, slightly higher than $42.3 million in Q2 2023[21] Cash and Cash Equivalents - The company had $507.9 million in cash and cash equivalents as of June 30, 2024, compared to $466.4 million as of December 31, 2023[4] - Cash and cash equivalents increased to $507.9 million as of June 30, 2024, up from $466.4 million at the end of 2023[16] Assets and Liabilities - Total assets grew to $1.76 billion as of June 30, 2024, compared to $1.74 billion at the end of 2023[16] - Long-term debt decreased slightly to $646.4 million as of June 30, 2024, from $649.0 million at the end of 2023[16] - Inventory increased to $100.2 million as of June 30, 2024, up from $95.9 million at the end of 2023[16] Operating Activities - Net cash provided by operating activities for the first six months of 2024 was $59.9 million, down from $75.1 million in the same period of 2023[18] One-Time Costs and Payments - The company made a one-time $3.5 million payment to a former distributor in the UAE in 2023 to establish a new partnership[22] - Inventory write-off and disposal costs in 2023 were $24,000 due to product reformulation following EU regulation changes[22] - Executive reorganization costs in Q2 2024 were $7,000, related to ongoing benefit payments for former executives[22] Fiscal Year 2024 Guidance - The company reiterated its fiscal year 2024 guidance, expecting net sales between $435 million and $463 million, adjusted net income between $87 million and $100 million, and adjusted EBITDA between $143 million and $159 million[5][6]

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ: OLPX) ("OLAPLEX" or the "Company") today announced financial results for the second quarter and six months ended June 30, 2024. Amanda Baldwin, OLAPLEX's Chief Executive Officer, commented: "Our second quarter performance was in line with our expectations and demonstrated continued stabilization in the business. I am encouraged by the progress we are making on our transformation journey as we delivered on our goals for the first hal ...