Strong Performance of New Product Launches
The No. 5 Leave-In Conditioner outperformed expectations and remained a top-five SKU within its subcategory at Sephora by year-end. Olaplex Holdings, Inc. also had the number one set in US prestige hair care during the 2024 holiday season according to Circana data.
Improved Holiday Season Sales
Enhanced marketing efforts led to improving sales trends across channels and regions throughout the holiday season, with olaplex.com being a bright spot. The company was the top-performing US hair care brand during Black Friday and Cyber Monday.
Leadership and Team Building
Olaplex Holdings, Inc. strengthened its executive leadership with key hires such as Catherine Dunleavy as COO and CFO, Katie Goeman as Chief Marketing Officer, and Michelle Brett as Chief Revenue Officer.
Innovation in Hair Health
Launched No. 0.5 Scalp Longevity Treatment and announced plans for further innovation targeting foundational hair health, highlighting the company's focus on expanding beyond damage repair.
Financial Discipline and Strong Balance Sheet
Year-end cash and cash equivalents increased to $586 million, an improvement of $120 million from the previous year. Inventory declined by $20.7 million, showing effective working capital management.