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March 8, 2022, 8:40 a.m. EST

Olaplex stock jumps after earnings beat

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By Tonya Garcia

Olaplex Holdings Inc. /zigman2/quotes/229722202/composite OLPX -1.28% shares jumped 10.4% in Tuesday premarket trading after it reported fourth-quarter profit and sales that beat expectations. The haircare company posted net income of $69.3 million, or 10 cents per share, up from $33.4 million, or 5 cents per share, last year. Sales of $166.5 million were up from $93.2 million the previous year. The FactSet consensus was for EPS of 9 cents and sales of $157.0 million. On Feb. 23, Olaplex refinanced its secured credit facility, reducing its outstanding term loan debt to to $675 million from $769 million as of Dec. 31, 2021 and lowering the interest rate by 300 basis points. For fiscal 2022, Olaplex is guiding for sales of $796 million to $826 million. The FactSet consensus is for sales of $772.5 million. Olaplex stock began trading on Sept. 30, 2021. The stock has slumped 46.8% over the past three months while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.36% is down 10.6% for the period.

US : U.S.: Nasdaq
$ 14.69
-0.19 -1.28%
Volume: 1.52M
July 6, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$9.66 billion
Rev. per Employee
+13.69 +0.36%
Volume: 2.19B
July 6, 2022 4:20p

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