Olaplex reported a 1.9% decline in net sales to $97 million for the quarter ending March 31, 2025. While the specialty retail segment grew by 12% to $38.6 million, losses in professional and direct-to-consumer channels offset these gains, resulting in a net income drop from $7.7 million to $0.5 million compared to the previous year. Nevertheless, CEO Amanda Baldwin expressed optimism about the company's transformation and maintained guidance for 2025, forecasting sales between $410 million and $430 million.
Olaplex saw a notable decline in net sales by 1.9%, attributing some growth in specialty retail but suffering losses in other channels.
The company's net income plummeted to $0.5 million from $7.7 million year-over-year, yet they remain optimistic about full-year forecasts.
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