In October, the hair care brand downgraded its full year forecast.
Net income increased 7.4 percent. Adjusted Diluted EPS was $0.11 for the third quarter 2022, as compared to $0.11 for the third quarter 2021.’s president and chief executive officer, said: “Our third quarter performance was in line with the preliminary estimates provided in our business update in October 2022. In response to the moderating sales growth trends, we are taking actions that we believe will strengthen our forecasting capabilities and accelerate demand for Olaplex products.
It’s now expecting net sales between $704 million and $711 million in 2022, down from its prior forecast of between $796 million and $826 million. Adjusted EBITDA is expected to come in at between $425 million and $431 million, compared with $504 million to $526 million.
“We are primarily focused on 2 key areas. Our first priority is to accelerate demand. Secondly, we are taking actions that are designed to enhance our forecasting capability,” she said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bay Area sees lowest October home sales volume in 15 years - San Francisco Business TimesEconomic conditions in September and October continued to nosedive and so did real estate sales in San Francisco. Here's how much they were down in October compared to the previous year.
Baca lebih lajut »
Bay Area sees lowest October home sales volume in 15 years - Silicon Valley Business JournalEconomic conditions in September and October continued to nosedive and so did real estate sales in the Bay Area. Here's how much they were down in October compared to the previous year.
Baca lebih lajut »
UK: Plug-In Car Sales Increased By 18% In October 2022Let's take a look at the plug-in car sales volume in the UK in October 2022.
Baca lebih lajut »
BYD Plug-In Car Sales Reached Another Record In October 2022BYD has just set its eight consecutive monthly sales record of plug-in electric cars, almost tripling the volume year-over-year.
Baca lebih lajut »
Houston home sales fell nearly 23% in October even as prices climbHouston home sales stumbled for the seventh consecutive month in October as higher home...
Baca lebih lajut »
Warm, dry October intensifies U.S. drought(7 of 7) 2022 (January–October) contig U.S. precipitation total was 23.19 inches — 2.17 inches below avg — ranking 15th driest in the historical record. StateOfClimate
Baca lebih lajut »