Q1 Earnings Outperformers: Olaplex (NASDAQ:OLPX) And The Rest Of The Personal Care Stocks [Yahoo! Finance]
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Olaplex Holdings, Inc. (OLPX)
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Source: Yahoo! Finance
While personal care products products may seem more discretionary than food, consumers tend to maintain or even boost their spending on the category during tough times. This phenomenon is known as "the lipstick effect" by economists, which states that consumers still want some semblance of affordable luxuries like beauty and wellness when the economy is sputtering. Consumer tastes are constantly changing, and personal care companies are currently responding to the public's increased desire for ethically produced goods by featuring natural ingredients in their products. The 13 personal care stocks we track reported a mixed Q1; on average, revenues beat analyst consensus estimates by 1.1%. while next quarter's revenue guidance was 7.5% below consensus. Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. But the beginning of 2024 has seen more volatile stock performance due to mixed inflation data, and while
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News
- Hair Styling Products Market size is set to grow by USD 5.36 billion from 2024-2028, Innovation and portfolio extension leading to product premiumization to boost the market growth, Technavio [Yahoo! Finance]Yahoo! Finance
- Premiere Orlando Celebrates 30th Anniversary with Significant Increase in Attendance and Extensive Industry Engagement [Yahoo! Finance]Yahoo! Finance
- Olaplex Holdings, Inc. (NASDAQ:OLPX) Shares Could Be 29% Below Their Intrinsic Value Estimate [Yahoo! Finance]Yahoo! Finance
- With Most Tangles Removed, OLPX Is Ready For Takeoff [Forbes]Forbes
- Olaplex Holdings, Inc. (NASDAQ:OLPX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
OLPX
Earnings
- 5/2/24 - In-Line
OLPX
Sec Filings
- 6/14/24 - Form 8-K
- 6/7/24 - Form 144
- 5/13/24 - Form 144
- OLPX's page on the SEC website