Olaplex Holdings reports Q3 adjusted EPS 4c, consensus 4c

Reports Q3 revenue $119.1M, consensus $126.17M. Amanda Baldwin, Olaplex’s Chief Executive Officer, commented: “This year has been dedicated to transformation and we continue to make strides on our plan to prioritize product innovation and the Professional community. While we have seen meaningful progress against our strategic goals, we have revised our outlook for fiscal year 2024 as the trajectory of our transformation has shifted, with a particular focus on the realignment of our international business. We continue to focus on initiatives aimed at building a healthier business, including new sales and marketing investments, and now with a best-in-class executive team at the helm. Olaplex remains an incredibly powerful brand, and we are more confident than ever in delivering consistent and sustained growth.”