Olaplex Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 06:45 am EDT
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Olaplex Holdings, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 109.24 million compared to USD 210.9 million a year ago. Net income was USD 6.16 million compared to USD 87.72 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.14 a year ago. Diluted earnings per share from continuing operations was USD 0.01 compared to USD 0.13 a year ago.
For the six months, sales was USD 223.03 million compared to USD 397.1 million a year ago. Net income was USD 27.12 million compared to USD 149.68 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.23 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.22 a year ago.
Olaplex Holdings, Inc. is a science-enabled, technology-driven beauty company. The Company focuses on improving the hair health of its consumers. Its product portfolio is comprised of about 17 complementary products specifically developed to provide a holistic regimen for hair health. Its products are offered through professional, specialty retail and direct-to-consumer (DTC) channels and are developed to address three key uses: treatment, maintenance, and protection. Its products have an ingredient, Bis-aminopropyl diglycol dimaleate (Bis-amino), which works on a molecular level to protect and repair hair from damage. Its hair health platform includes four products that can be purchased and applied only by professional hairstylists, namely No. 1 Bond Multiplier, No. 2 Bond Perfector, Olaplex 4-in-1 Moisture Mask, and Broad-Spectrum Chelating Treatment. The Company sells its products directly to consumers through its brand Website, Olaplex.com, and third-party e-commerce platforms.
OLAPLEX HOLDINGS, INC. 
