NASDAQ$OLPX

OLAPLEX HOLDINGS INC · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Olaplex's financial performance for Q2 2022 showed strong growth, with net sales increasing by 38.6% and the company reaffirming its fiscal year 2022 guidance.

Olaplex Holdings, Inc. reported a 38.6% increase in net sales for the second quarter of 2022, reaching $210.9 million. The company's diluted EPS was $0.13, and adjusted diluted EPS was $0.14. Olaplex reaffirmed its fiscal year 2022 guidance, reflecting confidence in its strategy and market position.

  • Net sales increased by 38.6% to $210.9 million.
  • United States net sales increased 41.3% and International increased 35.2%.
  • Professional channel grew 32.7% to $105.5 million, Specialty Retail increased 68.5% to $64.2 million, and Direct-To-Consumer rose 19.3% to $41.2 million.
  • Diluted EPS was $0.13, compared to $0.08 in the second quarter of 2021.

Headline financials

Total Revenue

$211M

Previous: $123M+71.7%
EPS (adj)

$0.14

Previous: $0.08+75.0%
Gross Profit Margin

74.2%

Previous: 79.2%-6.3%
Adjusted EBITDA Margin

63.1%

Previous: 69.3%-8.9%
Capital Expenditures

-$75K

Previous: $64K-217.2%
Free Cash Flow

$87.6M

Previous: $33.6M+160.8%
Net Income

$87.7M

Previous: $49.4M+77.7%
Operating Income

$120M

Previous: $76.6M+56.8%
Gross Profit

$156M

Previous: $121M+29.8%
Cash & Equivalents

$198M

Previous: $76.4M+159.1%
Total Assets

$1.63B

No prior period
Stock-Based Comp

$1.73M

Previous: $547K+215.7%

Revenue & EPS history

Olaplex · Revenue · Quarterly

$211M

Q2 2022+71.7%vs Q2 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Olaplex · $211M total across 3 segments · Q2 2022

  • Professional
    $106M+32.7%
  • Specialty Retail
    $64.2M+68.5%
  • Direct-To-Consumer
    $41.2M+19.4%

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
  • Net Sales growth of +36%
  • Adjusted Net Income growth of +35%

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 Q2 2022

Historical avgQ2 2022

-0.7%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+7.1%

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%
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%
Q4 2020-10.4%-5.2%-2.2%
Q3 2020-10.4%-5.2%-2.2%
Q2 2020

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