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Olaplex Sales Up 80 Percent in First Quarterly Earnings

Olaplex haircare products | Source: @olaplex via Instagram

The hair products maker — which fetched a valuation of more than $13.6 billion in an upsized initial public offering on Sept. 30 — posted net sales of $161.6 million and almost doubled its net income, at $56.6 million. Olaplex projected net sales for the fiscal year between $580 million and $588 million, and adjusted net income between $263 million and $268 million.

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Advent-Owned Haircare Firm Olaplex Valued at $13.6 Billion in Upsized IPO

The Santa Barbara, California-based company said it offered 73.7 million shares, raising about $1.55 billion.

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