Olaplex Q2 2022 Earnings Report
Key Takeaways
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.
Olaplex
Olaplex
Olaplex Revenue by Segment
Forward Guidance
The Company re-affirmed its guidance for fiscal year 2022 on net sales, adjusted Net Income and adjusted EBITDA.
Positive Outlook
- 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%
Revenue & Expenses
Visualization of income flow from segment revenue to net income