Bank of America just raised its EUR/USD forecast
Investing.com - Olaplex Holdings , Inc. (NASDAQ:OLPX) saw its shares surge 9.4% after the hair care company reported fourth-quarter revenue that exceeded analyst expectations, despite an overall decline in sales.
Olaplex posted Q4 revenue of $100.7 million, surpassing the consensus estimate of $87.51 million, though this represented a 9.8% decrease YoY.
Adjusted earnings per share came in at $0.01, in line with analyst projections. The company’s net sales in the United States increased slightly by 0.3%, while international sales declined 17.4%.
For the full fiscal year 2024, Olaplex reported net sales of $422.7 million, a 7.8% decrease from the previous year. The company’s specialty retail channel saw growth of 5.4%, while professional and direct-to-consumer channels experienced declines of 19.3% and 5.7% respectively.
Looking ahead, Olaplex provided guidance for fiscal year 2025, projecting net sales between $410 million and $431 million, compared to $423 million in 2024.
The company expects adjusted gross profit margin to be between 70.5% and 71.5%, and adjusted EBITDA margin between 20% and 22%.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.