Olaplex Holdings reported quarterly results

first quarter sales: “Assuming fiscal 2023 net sales at the midpoint of the range reflected in the fiscal 2023 net sales guidance above, the Company expects net sales to decline in the three months ending March 31, 2023 (“first quarter”), as compared to the first quarter of 2022, as follows: (Expected decreases are approximate) Q1 2023 Q1 2022 Change in Net Sales (41)% 57.6% Change in Sales by Channel Professional (43)% 62.6% Specialty Retail (47)% 102.5% DTC (28)% 15.1% The fiscal 2023 net sales, Adjusted net income and Adjusted EBITDA guidance set forth above are approximations and are based on the Company’s plans and assumptions for the relevant period, including, but not limited to, the following: • First Quarter 2023 Net Sales: ◦ The Company expects continued negative impact from inventory rebalancing at certain professional and specialty retail customers, which is expected to lower year over year net sales for the first quarter of 2023 by approximately $25 million (based on the midpoint of the range reflected in the fiscal 2023 net sales guidance above) as compared to the prior year.”

fiscal year sales: “• Adjusted EBITDA phasing: ◦ The Company expects Adjusted EBITDA margin of approximately 48.7% for fiscal year 2023, assuming fiscal 2023 net sales and Adjusted EBITDA at the midpoint of the range reflected in the fiscal 2023 net sales guidance above.”

second quarter sales: “• Second Quarter 2023 Net Sales: ◦ The Company expects net sales in the second quarter of 2023 to sequentially improve from the first quarter of 2023, but remain down significantly compared to a year ago.”