Company News, Financial News

Waldencast Plc Reports Net Sales of $78.9 Million in Q3

Obagi Skincare recorded net sales of $60.4 million, an increase of 3.2% from the same period in the prior year.

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By: Lianna Albrizio

Associate Editor

Global multi-brand beauty and wellness platform Waldencast Plc, owner of Milk Makeup and advanced skin care line Obagi, reported net sales of $78.9 million in its Q3 financial results, ended September 30, 2022.   In Q3, the company saw continued positive momentum in its Milk Makeup and Obagi brands from the first half of the year, highlighted by increased sales and profitability.   There was a gross margin of 62.4% and adjusted gross margin of 71.9% with a net loss of $16.8 milli...

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