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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.
The Company re-affirmed its guidance for fiscal year 2022 on net sales, adjusted Net Income and adjusted EBITDA.
Visualization of income flow from segment revenue to net income