OLPX Stock Recent News
OLPX LATEST HEADLINES
Yahoo Finance Live anchors Brad Smith, Brian Sozzi and Julie Hyman discuss the decline in shares for Olaplex after the hair care retailer slashed its 2022 sales forecast.
Shares in hair care products company Olaplex (NASDAQ: OLPX ) dropped more than 40% in pre-market trading today after the company cut sales projections. A press release estimates 2022 sales of $704 million to $711 million, and adjusted net income of $303 million to $307 million.
Hair-care company Olaplex Holdings Inc. hasn't had an easy go of things on the public market.
Olaplex's management has significantly cut full year guidance for 2022 on the back of macroeconomic pressures and competition. Olaplex may also be facing a hangover from excess consumer spending in 2021.
Olaplex Holdings: Historically, the beauty products market has been one of the most recession-resistant. Olaplex has pioneered the professional at-home hair care market and has secured a significant room for growth.
Olaplex Holdings went public in September 2021, raising approximately $1.55 billion in gross proceeds in an IPO. The firm designs and sells prestige quality haircare products to professionals and consumers in the U.S. and internationally.
Jordan Goldstein always wanted to pull off that wavy, fresh-off-the-beach look, but his long, dry hair made it implausible.
Olaplex Holdings, Inc. (NASDAQ:OLPX ) Q2 2022 Earnings Conference Call August 9, 2022 9:00 AM ET Company Participants Allison Malkin - ICR JuE Wong - CEO Eric Tiziani - CFO Conference Call Participants Dara Mohsenian - Morgan Stanley Andrea Teixeira - JPMorgan Lauren Lieberman - Barclays Jason English - Goldman Sachs Korinne Wolfmeyer - Piper Sandler Operator Good day, and thank you for standing by. Welcome to the Olaplex Incorporated Second Quarter Earnings Conference Call.
Olaplex (OLPX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Olaplex reported its Q1 earnings which beat expectations, highlighting the strength of its brand momentum within the hair care category of beauty products. The stock has been volatile since its 2021 IPO but favorably rallied in recent weeks off the lows.