Business
OLAPLEX Reports First Quarter 2025 Results
New York, NY, May 08, 2025 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ: OLPX) ("OLAPLEX" or the "Company") today announced financial results for the
About this update from Olaplex Holdings, Inc.
[{"type":"text","content":"New York, NY, May 08, 2025 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ: OLPX) (\"OLAPLEX\" or the \"Company\") today announced financial results for the first quarter ended March 31, 2025. Amanda Baldwin, OLAPLEX’s Chief Executive Officer, commented: \"We had a solid start to the year as the quarter marked continued progress on our transformation and our Bonds and Beyond strategy, with first quarter sales coming in ahead of our expectations. As we look ahead, we believe in our ability to navigate the dynamic environment and will continue to invest behind our strategic priorities.\" For the first quarter of 2025 compared to the first quarter of 2024: Net sales decreased 1.9% to $97.0 million; By channel: Specialty Retail increased 12.0% to $38.6 million;Professional decreased 10.9% to $34.5 million;Direct-To-Consumer decreased 7.2% to $23.9 million; Net sales increased 0.6% in the United States and decreased 4.5% internationally; Net income was $0.5 million, as compared to $7.7 million for the first quarter of 2024;Diluted EPS was $0.00, as compared to $0.01 for the first quarter of 2024. Three Months Ended March 31, 2025 Results (Amounts in thousands, except per share and share data) Three Months Ended March 31, 2025 2024 % ChangeNet Sales $96,978 $98,906 (1.9)%Gross Profit $67,356 $71,343 (5.6)%Gross Profit Margin 69.5% 72.1% Adjusted Gross Profit $69,748 $73,530 (5.1)%Adjusted Gross Profit Margin 71.9% 74.3% SG&A $47,987 $40,437 18.7%Adjusted SG&A $44,349 $37,249 19.1%Net Income $465 $7,746 (94.0)%Adjusted EBITDA $25,664 $35,484 (27.7)%Adjusted EBITDA Margin 26.5% 35.9% Diluted EPS $0.00 $0.01 (100.0)%Weighted Average Diluted Shares Outstanding 666,460,714 663,565,291 Adjusted gross profit, adjusted gross profit margin, adjusted SG&A, adjusted EBITDA and adjusted EBITDA margin are measures that are not calculated or presented in accordance with generally accepted accounting principles in the United States of America (\"GAAP\"). For more information about how we use these non-GAAP financial measures in our business, the limitations of these measures, and a reconciliation of these measures to the most directly comparable GAAP measures, please see \"Disclosure Regarding Non-GAAP Financial Measures\" and the reconciliation tables that accompany this release. Balance Sheet As of March 31, 2025, the Company had $580.9 million...