Olaplex (US:OLPX) Globenewswire·2025-05-08 10:45Financial Performance - The company reported net sales of $96.978 million for Q1 2025, a decrease of 1.9% compared to $98.906 million in Q1 2024 [3][5] - Gross profit for the quarter was $67.356 million, down 5.6% from $71.343 million in the same period last year [3][5] - Net income significantly declined to $0.465 million, a 94% drop from $7.746 million in Q1 2024, resulting in diluted EPS of $0.00 compared to $0.01 in the prior year [3][5][26] Operational Highlights - Specialty Retail sales increased by 12.0% to $38.6 million, while Professional and Direct-To-Consumer channels saw declines of 10.9% and 7.2%, respectively [5] - The company had $580.9 million in cash and cash equivalents as of March 31, 2025, slightly down from $586.0 million at the end of 2024 [4] Debt Management - On May 1, 2025, the company voluntarily repaid $300 million of long-term debt using available cash, with no prepayment penalties incurred [6] Guidance for Fiscal Year 2025 - The company reiterated its guidance for fiscal year 2025, expecting net sales between $410 million and $431 million, adjusted gross profit margin of 70.5% to 71.5%, and adjusted EBITDA margin of 20% to 22% [7][8] - The guidance reflects management's expectations regarding investments in demand generation, innovation, and execution capabilities [7] Strategic Focus - The CEO emphasized the company's commitment to navigating a dynamic environment and investing in strategic priorities to drive growth [2]