Olaplex Lowers 2024 Guidance: Now Sees Revenue Of $405M-$415M (Prior $435M-$463M) Vs. $446.411M Est., And Adj. Net Income Of $67M-$73M (Prior $87M-$100M)

Benzinga

2024/11/07

Fiscal Year 2024 Guidance

The Company updated its guidance for net sales, adjusted net income and adjusted EBITDA for fiscal year 2024, as set forth below.

(Dollars in millions)	Prior Fiscal Year 2024 Guidance	Updated Fiscal Year 2024 Guidance
Net Sales	$435-$463	$405-$415
Adjusted Net Income*	$87-$100	$67-$73
Adjusted EBITDA*	$143-$159	$121-$127

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Net Income Of $67M-$73M (Prior $87M-$100M)\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2024-11-07 19:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong>Fiscal Year 2024 Guidance</strong></p><p>The Company updated its guidance for net sales, adjusted net income and adjusted EBITDA for fiscal year 2024, as set forth below.</p><figure><table><tbody><tr><td><strong>(Dollars in millions)</strong></td><td><strong>Prior Fiscal Year 2024 Guidance</strong></td><td><strong>Updated Fiscal Year 2024 Guidance</strong></td></tr><tr><td>Net Sales</td><td>$435-$463</td><td>$405-$415</td></tr><tr><td>Adjusted Net Income*</td><td>$87-$100</td><td>$67-$73</td></tr><tr><td>Adjusted EBITDA*</td><td>$143-$159</td><td>$121-$127</td></tr></tbody></table></figure></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"OLPX","symbol_name":"Olaplex Holdings, Inc.","start_time":0,"source_url":"https://www.benzinga.com/news/earnings/24/11/41802076/olaplex-lowers-2024-guidance-now-sees-revenue-of-405m-415m-prior-435m-463m-vs-446-411m-est-and-adj-","article_id":"2481970528","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481970528","pubTimestamp":1730980322,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Fiscal Year 2024 GuidanceThe Company updated its guidance for net sales, adjusted net income and adjusted EBITDA for fiscal year 2024, as set forth below.(Dollars in millions)Prior Fiscal Year 2024 GuidanceUpdated Fiscal","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"OLPX":"Olaplex Holdings, Inc."},"translate_title":"Olaplex下调2024年指引：目前预计收入为4.05亿美元至4.15亿美元（之前为4.35亿美元至4.63亿美元），预计收入为4.46411亿美元，调整后净利润为6700万美元至7300万美元（之前为8700万美元至1亿美元）","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OLPX":1},"content_text":"Fiscal Year 2024 GuidanceThe Company updated its guidance for net sales, adjusted net income and adjusted EBITDA for fiscal year 2024, as set forth below.(Dollars in millions)Prior Fiscal Year 2024 GuidanceUpdated Fiscal Year 2024 GuidanceNet Sales$435-$463$405-$415Adjusted Net Income*$87-$100$67-$73Adjusted EBITDA*$143-$159$121-$127","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}