NASDAQ$OLPX

OLAPLEX HOLDINGS INC · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Olaplex's net sales increased by 57.6% to $186.2 million, with diluted EPS at $0.09 and adjusted diluted EPS at $0.13.

Olaplex reported a strong start to 2022 with a 57.6% increase in net sales, driven by growth across all channels and geographies. The company launched new products and expanded distribution, while reaffirming its fiscal year 2022 guidance for net sales, adjusted net income, and adjusted EBITDA.

  • Net sales increased 57.6% to $186.2 million.
  • Professional channel grew 62.6% to $77.0 million.
  • Specialty Retail increased 102.5% to $64.3 million.
  • Diluted EPS were $0.09 and Adjusted Diluted EPS was $0.13.

Headline financials

Total Revenue

$186M

Previous: $96M+93.9%
EPS (adj)

$0.13

Previous: $0.07+85.7%
Gross Profit Margin

75.8%

Previous: 79.2%-4.3%
Adjusted EBITDA Margin

67.9%

Previous: 72.6%-6.5%
Capital Expenditures

-$68K

No prior period
Free Cash Flow

$61.9M

Previous: $41.3M+49.9%
Net Income

$62M

Previous: $45.5M+36.1%
Operating Income

$109M

Previous: $72.1M+50.6%
Gross Profit

$141M

Previous: $93.6M+50.9%
Cash & Equivalents

$143M

Previous: $47.9M+199.5%
Total Assets

$1.55B

No prior period
Stock-Based Comp

$1.7M

Previous: $627K+170.5%

Revenue & EPS history

Olaplex · Revenue · Quarterly

$186M

Q1 2022+93.9%vs Q1 2021
Beat estimate in 9 of 10 quarters(90%)
ActualEstimate

Revenue by segment

Olaplex · $186M total across 3 segments · Q1 2022

  • Professional
    $77M+62.6%
  • Specialty Retail
    $64.3M+102.5%
  • Direct-To-Consumer
    $44.9M+15.1%

Forward guidance

The Company re-affirmed its guidance for fiscal year 2022 on net sales, adjusted Net Income and adjusted EBITDA.

Tailwinds

  • Net Sales $796 - $826 million
  • Adjusted Net Income $363 - $379 million
  • Adjusted EBITDA $504 - $526 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.7%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+6.8%

Avg return

30 days after

43%

10 / 23 earnings

Positive

+24.6%

Q3 2023

Best reaction

-21.6%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-0.2%-0.2%
Q4 2025-17.0%-27.0%+14.0%
Q3 2025+1.9%+7.5%+17.9%
Q1 2025+3.0%-3.8%-1.5%
Q4 2024+21.7%+10.9%-15.6%
Q3 2024-4.5%-5.0%+19.6%
Q2 2024-0.5%+0.0%+24.3%
Q1 2024+15.0%+8.6%+27.1%
Q4 2023-5.7%-3.1%-0.5%
Q3 2023+24.6%+26.1%+83.3%
Q2 2023-21.6%-27.2%-31.4%
Q1 2023-10.6%-11.8%-6.3%
Q4 2022-15.3%-14.0%-24.4%
Q3 2022+13.8%+26.9%+20.7%
Q2 2022-9.7%-4.8%-25.9%
Q1 2022+6.2%+16.0%+25.3%
Q1 2021+6.2%+16.0%+25.3%
Q1 2020+9.2%+2.9%+6.8%
Q4 2021+9.2%+2.9%+6.8%
Q2 2021-10.4%-5.2%-2.2%
Q3 2021-10.4%-5.2%-2.2%
Q3 2020-10.4%-5.2%-2.2%
Q4 2020-10.4%-5.2%-2.2%
Q2 2020

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