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0 0.0035842293906809 0.000325839035516419 0.000325839035516419 -0.0127077223851418 -0.0282176604757251 -0.0420332355816227 -0.0257412838058
Stock impact report

Olaplex Misses Wall Street Sales Forecast, Lowers Annual Guidance [Yahoo! Finance]

Olaplex Holdings, Inc. (OLPX) 
Company Research Source: Yahoo! Finance
The miss sent the stock down around 15 percent to $1.52 in midmorning trading. The hair care brand's net sales decreased 3.6 percent to $119.1 million over the quarter, below Wall Street estimates of $127 million. More from WWD Under Armour Beats Projections in Q2 as Restructuring Continues EXCLUSIVE: Heron Preston, Sabrina Albarello Launch 'Twin Flame' Fragrances With Henry Jacques Oddity Reports Third-quarter Sales Rise, Lifts Full-year Forecasts Within that, professional sales fell 12.6 percent to $42.2 million and specialty retail sales dropped 1.3 percent to $42.6 million. There was one bright spot, though, as direct-to-consumer sales increased 6.8 percent to $34.3 million. Net sales are now forecast to come in at between $405 million and $415 million for the year as a whole, down from the prior estimate of between $435 million and $463 million as the company anticipates weaker performance from its international business. At the same time, it has not yet witnessed Show less Read more
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