NASDAQ$OLPX
OLAPLEX HOLDINGS INC · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Second quarter performance was in line with expectations, demonstrating continued stabilization in the business.
Olaplex reported second quarter 2024 results with net sales decreasing by 4.8% to $103.9 million compared to the second quarter of 2023. Diluted EPS was $0.01, and Adjusted Diluted EPS was $0.03. The company is reiterating guidance for net sales, adjusted net income and adjusted EBITDA for fiscal year 2024.
- Net sales decreased 4.8% to $103.9 million.
- Specialty Retail increased 22.4% to $36.4 million.
- Professional decreased 18.4% to $33.4 million.
- Direct-To-Consumer decreased 11.5% to $34.1 million.
Headline financials
Revenue & EPS history
Olaplex · Revenue · Quarterly
$104M
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.
Tailwinds
- 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.
- Anticipated efficiencies derived from an internal cost savings program in fiscal year 2024, which is expected to more than offset modestly higher product costs.
Headwinds
- Net sales are expected to be between $435 million and $463 million, which represents a decrease of 5% to an increase of 1% compared to fiscal year 2023.
- Adjusted net income is expected to be between $87 million and $100 million, representing a decrease of 20% to 8% compared to fiscal year 2023.
- Adjusted EBITDA is expected to be between $143 million and $159 million, representing a decrease of 18% to 9% compared to fiscal year 2023.
- 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.
- The Company expects net interest expense to be approximately $32 million to $34 million during 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 Q2 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro