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Olaplex Beats Wall Street Estimates in Q2

Sales jump 38.6% and earnings soar 77.7%.

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By: TOM BRANNA

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Olaplex topped Wall Street's second quarter earnings estimates. Sales rose 38.6% to $210.9 million—nearly $10 million more than analysts expected. Professional accounted for $105.5 million of sales, followed by specialty retail ($64.2 million) and direct-to-consumer ($41.2 million). Net income soared 77.7% Olaplex, Santa Barbara, CA, is leader in the hair care space, specifically, the bond builders segment. “Building on the strong momentum from the first half of the year, we are reaffirm...

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