Olaplex Lowered FY23 Outlook: Sales $445M - $465M From $563M - $634M Vs. $569.75M Est., Adj. Net Income $96M - $108M From $176M - $224M
Portfolio Pulse from Benzinga Newsdesk
Olaplex has reduced its FY23 outlook, with sales now expected to be between $445M and $465M, down from the previous estimate of $563M to $634M. The company's adjusted net income is also expected to decrease to $96M - $108M from $176M - $224M.
August 08, 2023 | 12:40 pm
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NEGATIVE IMPACT
Olaplex's lowered FY23 outlook could negatively impact its stock price in the short term.
Olaplex's lowered FY23 outlook indicates that the company expects lower sales and net income than previously estimated. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100