shares – Page 5 – Beautifaire

10 Aug

Olaplex Shares Tumble on Worse-Than-Expected Eranings – WWD

Cult hair care brand Olaplex’s shares slid as much as 25 percent in Tuesday morning trading after it cut forecasts as its second-quarter performance fell in need of Wall Street’s expectations, but offset a few of those losses later within the day. The corporate, which went public through an initial public offering in 2021, is forecasting net sales within the range of $445 million to $465 million for fiscal-year 2023. That is roughly $144 million lower than its previous forecast. JuE Wong, Olaplex’s president and chief executive officer, said: “We've got updated our assumptions for the rest of the yr and reduced our fiscal 2023 outlook. We're intently focused on stabilizing demand trends within the second half of 2023, while increasing and...

0 Comments

20 Jul

Oddity Shares Surge 35 Percent in Its Stock Market

by Beautifaire101

Beauty, Featured

Oddity Shares Surge 35 Percent in Its Stock Market

In an indication that the IPO market might be warming up, Oddity, the parent company of Il Makiage and SpoiledChild, has gone public, with investors diving into the stock. Shares in the corporate, which is trading on the Nasdaq Global Market under the ticker “ODD,” closed up 35 percent, or $12.53, to $47.54, valuing the corporate at about $2.7 billion. On Tuesday Oddity revealed that it had priced its IPO at $35 a share, above expectations. Originally it had targeted ranges of $27 to $30 and on Monday said it was targeting $32 to $35. In an interview, the corporate’s global chief financial officer Lindsay Drucker Mann put its success right down to its digital prowess. “We’ve unlocked online,” she said. “You have got...

0 Comments

11 Jul

Simu Liu Shares How They Made the Kens Look

by Beauty Tips

Fashion

Simu Liu Shares How They Made the Kens Look

Barbie fever is all anyone can discuss. (Myself included.) The film’s tagline might claim that “Barbie is the whole lot. He’s just Ken,” but Kenneth Sean “Ken” Carson, the Pisces doll born two years and two days junior to Barbie, has done a great job of making headlines of his own. Ryan Gosling’s coined terms “Kenergy” and “You're Kenough” have kept us wanting to learn more about how Barbie’s love interest plays out on screen. But Gosling isn’t the one Ken. There are several of them in Barbie Land, including Simu Liu.“It is a movie about Barbies and Kens, but really, at the top of the day, it is a movie about humanity, and what it means to be human,...

0 Comments

21 May

Farfetch Shares Spike as Company Returns to GMV Growth

by Beauty Tips

Fashion, Featured

Farfetch Shares Spike as Company Returns to GMV Growth

Farfetch is beginning to get back into growth mode — and the great graces of Wall Street. Shares of Farfetch shot up 16.8 percent to $5.07 in after-hours trading on Thursday after the corporate reported first-quarter results that showed gross merchandise volume had inched up 0.1 percent to $931.7 million. Revenues for the quarter increased 8 percent to $556.4 million. The stock continues to be well off of Farfetch’s 52-week high of $12.89, however the jump back gives the corporate some welcome momentum. The primary-quarter performance marked a major turn for Farfetch, which saw GMV drop 12 percent within the fourth quarter, when China was hindered by COVID-19 lockdowns and the comparisons were hurt by the closure of the corporate’s Russia business. Now José...

0 Comments