Company News, Financial News

Olaplex’s Q1 2023 Net Sales Decline 38.9%

CEO Wong remains confident in company’s “competitive differentiators.”

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By: Christine Esposito

Editor-in-Chief

For the first quarter of 2023 compared to the Q1 2022, Olaplex Holdings’s net sales fell 38.9% to  $113.8 million. President and CEO JuE Wong says she remains confident that “the company can return to consistent and sustained sales growth.” “Our first quarter results were in line with our expectations and we made progress on the priority actions for our reset year,” Wong said in a statement released with the company’s quarterly data.  “We delivered high impact innovation and made imp...

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