By Exec Edge Editorial Staff
Olaplex Holdings, Inc. (Nasdaq: OLPX), a technology-driven beauty company with a mission to improve hair health, showed strong third-quarter sales growth, particularly internationally.
Net sales increased 9.2% to $176.5 million in the third quarter ended Sept. 30. from a year earlier, the company said in a statement. Sales increased 27.8% internationally.
The Santa Barbara, Cali.-based company said net income increased 7.4% in the quarter.
“We are taking actions that we believe will strengthen our forecasting capabilities and accelerate demand for Olaplex products,” said CEO Jue Wong. “We believe that the fundamental competitive advantages of our business remain intact and that we are well-positioned to capitalize on a broad and exciting range of future growth opportunities.”
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