Business
OLAPLEX Reports Fourth Quarter and Fiscal Year 2021 Results
Net Sales grew 79% in the fourth quarter and 112% for the fiscal year to $598 million, exceeding guidanceDiluted EPS for the fiscal year of $0.32 and Adjusted
About this update from Olaplex Holdings, Inc.
[{"type":"text","content":"Net Sales grew 79% in the fourth quarter and 112% for the fiscal year to $598 million, exceeding guidanceDiluted EPS for the fiscal year of $0.32 and Adjusted Diluted EPS of $0.40, exceeding guidanceCompany introduces fiscal 2022 outlook SANTA BARBARA, Calif., March 08, 2022 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ: OLPX) (“OLAPLEX” or the “Company”), an innovative, science-enabled, technology-driven beauty company, focused on delivering its patent-protected premium hair care products to professional hair salons, retailers, and everyday consumers, today announced financial results for the fourth quarter and fiscal year ended December 31, 2021. Financial Highlights: Fiscal Year 2021 compared to Fiscal Year 2020: Net sales increased 112.0% to $598.4 million; Net sales increased 131% in the United States and increased 91% internationallyBy channel: Professional increased 65.8% to $259.0 million, or 43.3% of net salesSpecialty Retail grew 246.6% to $176.0 million, or 29.4% of net salesDirect-To-Consumer rose 117.1% to $163.0 million, or 27.3% of net sales; Net income increased by 462.1% and adjusted net income increased by 110.2%;Diluted EPS were $0.32 for fiscal year 2021, as compared to $0.06 for fiscal year 2020;Adjusted Diluted EPS were $0.40 for fiscal year 2021, as compared to $0.21 for fiscal year 2020 Fourth Quarter 2021 compared to Fourth Quarter 2020: Net sales increased 78.7% to $166.5 million; Net sales increased 95.4% in the United States and 61.4% internationallyBy channel: Professional grew 9.0% to $57.1 million, or 34.3% of net salesSpecialty Retail increased 331.9% to $59.6 million, or 35.8% of net salesDirect-To-Consumer rose 84.5% to $49.7 million, or 29.9% of net sales; Net income increased by 107.6% and adjusted net income increased by 55.2%;Diluted EPS were $0.10 for the fourth quarter 2021, as compared to $0.05 for the fourth quarter 2020;Adjusted Diluted EPS were $0.10 for fourth quarter 2021, as compared to $0.07 for fourth quarter 2020; Operational Highlights: Completed Initial Public Offering in October 2021;Expanded product portfolio with the successful launch of three incremental products – the 4P Blonde Enhancing Toning Shampoo, the No. 8 Bond Intense Moisture Mask, as well as the professional exclusive 4-in-1 Moisture Mask;Increased distribution through existing and new partners, including se...