Olaplex Clocks 58% Top-Line Growth In Q1; Affirms FY22 Forecast
Olaplex Holdings Inc (NASDAQ:OLPX) reported first-quarter FY22 sales growth of 57.6% year-on-year to $186.2 million, beating the consensus of $172.46 million. The gross profit increased 50.9% Y/Y to $141.2 million and the gross margin contracted 340 basis points to 75.8%. Selling, general and administrative expenses increased 97.8% to $22.3 million. The operating margin…
Benzinga ·
Benzinga
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