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.
The Company is reiterating guidance for net sales, adjusted net income and adjusted EBITDA for fiscal year 2024.
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance