Olaplex Q3 2023 Earnings Report
Key Takeaways
Olaplex reported a 30.0% decrease in net sales to $123.6 million and a 66.5% decrease in net income to $20.4 million compared to Q3 2022. The company's interim CEO cited encouraging early indicators from increased investments and ongoing efforts to stabilize sales and position the brand for long-term profitable growth.
Net sales decreased by 30.0% compared to the third quarter of 2022, totaling $123.6 million.
Professional channel sales were $48.3 million, a decrease of 23.3%.
Specialty Retail channel sales were $43.2 million, a decrease of 41.8%.
Direct-To-Consumer channel sales were $32.1 million, a decrease of 18.2%.
Olaplex
Olaplex
Olaplex Revenue by Segment
Forward Guidance
The Company updated its guidance for fiscal year 2023 on net sales, adjusted net income and adjusted EBITDA.
Revenue & Expenses
Visualization of income flow from segment revenue to net income