By Chris Wack
Olaplex Holdings shares were 16% higher at $1.60 each, after the company reported a narrower-than-expected fourth-quarter loss, and better-than-expected sales.
The health and beauty company reported a quarterly loss of $8.8 million, or 1 cent a share, compared with earnings of $14.1 million, or 2 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for a loss of $8.8 million, or 2 cents a share.
Sales for the quarter were $100.7 million, compared with last year's $111.7 million, and the $87.9 million that analysts were expecting.
Sales in Olaplex's Professional segment dropped 27.1%, and its Direct-to-Consumer segment fell 2.5%, while the Specialty Retail segment's sales rose 5.7%.
For fiscal 2025, the company is looking for sales of $410 million to $431 million, while analysts are forecasting sales of $402.5 million.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
March 04, 2025 10:55 ET (15:55 GMT)
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