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Olaplex's sales fell as the company dealt with competition with other bond-building shampoos and a lawsuit from users claiming hair loss.
Olaplex Holdings, Inc. (OLPX) delivered earnings and revenue surprises of 16.67% and 1.39%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Olaplex manufactures and sells hair care products. The brand blew up in recent years on social media due to the quality of its products but has faced scrutiny also. Olaplex's financial performance has been fantastic, operating with an EBITDA margin of 63% and a NI margin of 38%. This is far superior to any of its peers.
SANTA BARBARA, Calif., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (“OLAPLEX”), today announced that it plans to report fourth quarter and fiscal 2022 financial results before the market opens on Tuesday, February 28, 2023.
Olaplex can afford to significantly increase its marketing costs because the company has abnormally high margins. The company's portfolio includes only 14 products, and management plans to release several new products annually.
Olaplex is expected to increase sales 18% in 2022, and has consistently reported 35%+ net income margins while growing at a CAGR of 70% between 2019-2021. Management mistakes in Q2-2022 created uncertainties about the company's ability to continue growing, but giant untapped growth potential provides a promising outlook.
Similar to the beauty industry, the haircare industry is a sizable one. The omni-channel technique that OLPX employs functions flawlessly.
Olaplex, a hair care brand touted by influencers, is facing lawsuits regarding its stock price drop since the IPO and use of the ingredient lilial.
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Olaplex Holdings, Inc. (NASDAQ:OLPX ) Q3 2022 Results Conference Call November 9, 2022 9:00 AM ET Company Participants Allison Malkin - ICR JuE Wong - President, CEO and Director Eric Tiziani - CFO Conference Call Participants Jonna Kim - Cowen Olivia Tong - Raymond James Rob Ottenstein - Evercore Jason English - Goldman Sachs Jonathan Keypour - Bank of America Ashley Helgans - Jefferies Operator Good morning, and welcome to Olaplex Inc.'s Third Quarter 2022 Financial Results Conference Call. All participants are in a listen-only mode.