Olaplex Sees FY24 Revenue Of $435M - $463M Vs. $449.78M Est.
Portfolio Pulse from Benzinga Newsdesk
Olaplex projects its FY24 revenue to be in the range of $435M to $463M, compared to the estimated $449.78M.

May 02, 2024 | 10:48 am
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Olaplex anticipates FY24 revenue to range from $435M to $463M, which brackets the current market estimate of $449.78M.
Olaplex's revenue forecast for FY24 closely aligns with market expectations, suggesting a neutral to slightly positive outlook. The guidance range encompasses the current estimate, indicating management's confidence in meeting or slightly exceeding market predictions. This could maintain investor confidence and stabilize the stock price, but the broad range also introduces some uncertainty.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100