Olaplex reported a solid start to the year with first quarter net sales of $97.0 million, slightly ahead of expectations despite a 1.9% decrease year-over-year. Net income significantly decreased to $0.5 million compared to $7.7 million in the prior year, resulting in diluted EPS of $0.00. The company reiterated its full-year fiscal 2025 guidance.
Net sales for the first quarter of 2025 decreased 1.9% to $97.0 million.
Net income for the first quarter was $0.5 million, a significant decrease from $7.7 million in the prior year.
Diluted EPS was $0.00 for the first quarter, down from $0.01 in the same period last year.
The company reiterated its fiscal year 2025 guidance for net sales, adjusted gross profit margin, and adjusted EBITDA margin.
Olaplex reiterated its full-year fiscal 2025 guidance for net sales ($410 million - $431 million), adjusted gross profit margin (70.5% - 71.5%), and adjusted EBITDA margin (20% - 22%), incorporating planned strategic investments and the current consumer spending environment.