NASDAQ$OLPX
OLAPLEX HOLDINGS INC · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Olaplex's first quarter results reflected progress on the business transformation plan, with performance encouraging and the company well-positioned to achieve its 2024 goals.
Olaplex reported a decrease in net sales by 13.1% to $98.9 million compared to Q1 2023. Diluted EPS was $0.01, and adjusted diluted EPS was $0.03. The company is reiterating its fiscal year 2024 guidance for net sales, adjusted net income, and adjusted EBITDA.
- Net sales decreased 13.1% to $98.9 million.
- Professional channel decreased 19.9% to $38.7 million.
- Specialty Retail decreased 1.2% to $34.4 million.
- Direct-To-Consumer decreased 15.7% to $25.7 million.
Headline financials
Revenue & EPS history
Olaplex · Revenue · Quarterly
$98.9M
Revenue by segment
Olaplex · $124M total across 3 segments · Q3 2023
- Professional$48.3M-23.3%39.1%
- Specialty Retail$43.2M-41.8%35.0%
- Direct-To-Consumer$32.1M-18.3%26.0%
Forward guidance
The company is reiterating guidance for net sales, adjusted net income and adjusted EBITDA for fiscal year 2024, as initially disclosed by the Company on February 29, 2024.
Tailwinds
- Adjusted Gross Profit Margin: The Company anticipates adjusted gross profit margin* in the range of 72.5% to 73.1% in fiscal year 2024, compared to 71.4% in fiscal year 2023, due primarily to the lapping of actions taken by the Company to address excess inventory in fiscal year 2023, as well as anticipated efficiencies derived from an internal cost savings program in fiscal year 2024, which is expected to more than offset modestly higher product costs.
- Adjusted SG&A: The Company expects adjusted SG&A* in the range of $172 million to $179 million in fiscal year 2024, an increase of $19 million to $26 million as compared to fiscal year 2023. The increase is expected to be primarily attributable to higher sales and marketing expenses and higher organizational costs due to annualizing the expense of headcount additions made during fiscal 2023.
- Adjusted EBITDA Margin: The Company expects adjusted EBITDA margin* in the range of 32.8% to 34.3% for fiscal year 2024.
- Net Interest Expense: The Company expects net interest expense to be approximately $32 million to $34 million during fiscal year 2024.
- Adjusted Effective Tax Rate: The Company expects an adjusted effective tax rate* of approximately 19.5% to 20.5% for fiscal year 2024.
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 2024
-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
| Quarter | Report date | Reaction (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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