Waldencast Acquisition (WALD) has released an update.
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Waldencast Acquisition, a beauty and wellness platform, has reported a robust second quarter for 2024 with a 25.7% increase in net revenue growth and a 64.5% surge in adjusted EBITDA. The company is buoyed by the strong performance of its brands, Milk Makeup and Obagi Medical, which have outpaced market growth and driven demand through innovation and community engagement. Looking ahead, Waldencast anticipates further growth and a mid-teens adjusted EBITDA margin for the full fiscal year.
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