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
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News
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- Some Olaplex Holdings, Inc. (NASDAQ:OLPX) Analysts Just Made A Major Cut To Next Year's Estimates [Yahoo! Finance]Yahoo! Finance
- The 16 best products to preserve color-treated hair, according to hairstylists [CNN]CNN
- Olaplex Holdings, Inc. (NASDAQ: OLPX) had its price target lowered by analysts at Barclays PLC from $2.00 to $1.50. They now have an "equal weight" rating on the stock.MarketBeat
- Olaplex Holdings Inc (OLPX) Q3 2024 Earnings Call Highlights: Navigating Challenges with ... [Yahoo! Finance]Yahoo! Finance
OLPX
Earnings
- 11/7/24 - In-Line
OLPX
Sec Filings
- 11/19/24 - Form 4
- 11/12/24 - Form 4
- 11/7/24 - Form 3
- OLPX's page on the SEC website