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Hair-care brand Olaplex projects sales to be at least $20 million lower than previously expected according to third-quarter 2024 results, indicating the company’s comeback efforts have not yet taken hold.
In the results released today, the company changed its 2024 net sales guidance to $405–$415 million, down from a prior outlook of $435–$463 million. Net income is now expected to be between $67–$73 million, and adjusted EBITDA to be between $121–$127 million.
The lower outlook is…
