Here's What Key Metrics Tell Us About Olaplex (OLPX) Q2 Earnings

Core Insights - Olaplex Holdings, Inc. reported revenue of $103.94 million for the quarter ended June 2024, reflecting a year-over-year decline of 4.9% [1] - The earnings per share (EPS) for the same period was $0.03, unchanged from the previous year, with no EPS surprise reported [1] - The revenue exceeded the Zacks Consensus Estimate of $102.92 million by 0.99% [1] Revenue Breakdown - Professional revenue was $33.40 million, falling short of the average estimate of $37.64 million by six analysts, representing an 18.3% year-over-year decline [3] - Direct-to-Consumer (DTC) revenue reached $34.10 million, slightly below the estimated $35.02 million, marking an 11.4% decrease compared to the previous year [4] - Specialty retail revenue was $36.40 million, surpassing the average estimate of $29.82 million, indicating a year-over-year increase of 22.2% [5] Stock Performance - Over the past month, Olaplex shares have returned 25.9%, contrasting with a 6.7% decline in the Zacks S&P 500 composite [5] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [5]