Quarter – Beautifaire

30 Nov

Olaplex’s woes have continued into the third quarter. The hair care brand, once the category’s darling, culminating in a 2021 IPO, has seen sales proceed to slip. Net sales for the quarter ended Sept. 30 fell 30 percent year-over-year to $123.6 million. Specialty retail, previously the brand’s largest channel, saw sales fall 41.8 percent from the prior 12 months, to $43.2 million. Skilled and direct-to-consumer channels were $48.3 million and a $32.1 million within the quarter, respectively. Net income fell 66.5 percent to $20.4 million, and adjusted net income dipped 54.5 percent to $33.4 million, for the quarter. The corporate has narrowed its guidance, expecting $450 million to $460 million in net sales for the complete 12 months. Olaplex had previously projected $445...

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22 Aug

It Was Each Hit and Miss for Coty in

by Beautifaire101

Beauty, Featured

Coty Inc. delivered on the highest line, but not on profit in the ultimate quarter of its 2023 fiscal yr. The wonder company, whose brands include Kylie Cosmetics, Lancaster and CoverGirl, reported net revenue of $1.4 billion in its fourth quarter ended June 30, up 16 percent year-over-year. Analysts had been expecting around $1.3 billion. Net income was $29.6 million, compared with a net lack of $286 million within the prior yr. Adjusted EPS of 1 cent improved from a lack of 1 cent within the prior yr, but got here in below Wall Street predictions for two cents. The prestige segment led through the quarter, with each reported and like-for-like sales growth of 21 percent versus the prior yr. Consumer beauty revenue rose...

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1 Jun

Macy’s Reports Tough First Quarter, Brings Guidance Down

by Beautifaire101

Beauty, Featured

Macy’s Inc., seeing waning consumer demand, reported first-quarter top- and bottom-line declines and has revised its guidance for the yr downward. Net income for the quarter ended April 29 was $155 million, or $0.56 per diluted share, in comparison with $286 million, or $0.98 per share, within the year-ago period. Earnings before interest, taxes, depreciation and amortization got here to $466 million versus $684 million within the year-ago quarter. Net sales of $5 billion were down 7 percent in comparison with $5.35 billion in the primary quarter of 2022. Comparable sales were down 7.2 percent. Brick-and-mortar sales decreased 6 percent versus the primary quarter of 2022, and digital sales decreased 8 percent versus the primary quarter of 2022. In pre-market trading Thursday, Macy’s stock was...

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10 May

Olaplex Has Tough Quarter, but CEO Says It’s the

by Beautifaire101

Beauty, Featured

Olaplex Holdings saw sales fall across the board in its first quarter, but beat Wall Street forecasts. Nevertheless, its stock closed down greater than 7 percent at $3.70. The hair care brand specializing in bond constructing’s net sales got here in at $113.8 million in the primary quarter ended March 31, down 38.9 percent year-over-year. Analysts polled had forecast $110 million. Inside that, the skilled channel drew in $48.4 million, down 37.2 percent; specialty retail was $34.9 million, down 45.8 percent, and direct-to-consumer was $30.5 million, down 31.9 percent. Net sales decreased 60.3 percent within the U.S., while international sales were flat. Adjusted diluted EPS was 5 cents, as in comparison with 13 cents for the primary quarter of 2022. This got here in...

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