Business StrategyManagement is back in reset mode with a significant FY24 guide down, noting a major realignment with the international business, indicating ongoing strategic challenges.
Financial PerformanceOLPX's Q3 revenue was much weaker than expected, leading to a 9% FY revenue guide-down due to international distributor reductions and lower than expected returns from marketing and sales activities.
Marketing EffectivenessMarketing spend has not driven the sales uplift as expected, leading to a new strategy, indicating that previous marketing efforts were not effective.