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Sep 30, 2022
Olaplex Q3 2022 Earnings Report
Olaplex's net sales increased by 9.2% to $176.5 million, driven by growth in the Specialty Retail channel and international markets, while diluted EPS was $0.09.
Key Takeaways
Olaplex reported a 9.2% increase in net sales to $176.5 million for the third quarter of 2022. The growth was primarily driven by a 60.1% increase in the Specialty Retail channel and a 27.8% increase in international net sales. Diluted EPS was $0.09, compared to $0.08 in the third quarter of 2021.
Net sales increased 9.2% to $176.5 million.
Specialty Retail net sales increased 60.1% to $74.2 million.
Professional net sales declined 16.0% to $63.0 million.
Direct-To-Consumer net sales declined 2.6% to $39.3 million.
Olaplex
Olaplex
Olaplex Revenue by Segment
Olaplex Revenue by Geographic Location
Revenue by Segment
Specialty Retail Revenue
CapyFin.comProfessional Revenue
CapyFin.comDirect-To-Consumer Revenue
CapyFin.comRevenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
The Company re-affirmed its updated guidance for fiscal year 2022 on net sales, adjusted net income and adjusted EBITDA, as initially disclosed by the Company on October 18, 2022.
Positive Outlook
- Net Sales $704 - $711 million
- Adjusted Net Income $303 - $307 million
- Adjusted EBITDA $425 - $431 million
- Implied expectation for net sales growth by channel and geography in the fourth quarter remains consistent with its disclosure on October 18, 2022.
- Inventory rebalancing across certain of its customers expected to normalize by the end of the first quarter 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income