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Dec 31, 2022
Olaplex Q4 2022 Earnings Report
Olaplex experienced a challenging end to fiscal 2022, reflecting a rapidly changing market dynamic.
Key Takeaways
Olaplex's Q4 2022 net sales declined by 21.5% to $130.7 million compared to Q4 2021. The company is focusing on resetting its base and investing in core areas like sales, marketing, and education for future growth.
Net sales decreased by 21.5% to $130.7 million.
Diluted EPS was $0.05, compared to $0.10 in Q4 2021.
Adjusted diluted EPS was $0.07, compared to $0.10 in Q4 2021.
The company is prioritizing investments in sales, marketing, and education to drive future growth.
Olaplex
Olaplex
Olaplex Revenue by Segment
Revenue by Segment
Specialty Retail Revenue
CapyFin.comProfessional Revenue
CapyFin.comDirect-To-Consumer Revenue
CapyFin.com Forward Guidance
The Company expects 2023 to be a reset year in which it increases investments to support future growth.
Positive Outlook
- New product introductions
- Additional distribution gains
- Improvements in customer demand due to increased investments in sales, marketing and education.
Challenges Ahead
- Continued negative impact from inventory rebalancing at certain professional and specialty retail customers
- Reduced customer demand
- Net sales decline in Q1 2023
- Increase in warehousing and distribution costs
- Deleveraging from lower sales volume
Revenue & Expenses
Visualization of income flow from segment revenue to net income