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  "documentTitle": "Olaplex | Results Presentation Deck | 25 slides",
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  "authorName": "Olaplex",
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  "presentationDate": "2023-05-01 00:00:00",
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      "kind": "list",
      "text": "2H 2023 Assumptions\nBenefit of new product introductions and distribution gains\nImprovement in demand from increased sales, marketing and education investments\nExpect Adjusted EBITDA margin rate will improve in the second half of the year relative to the first half",
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      "text": "Q2 2023 Assumptions\nNet sales to modestly improve sequentially compared to Q1 2023\nLapping approx. $22 MM in net sales from the introduction of 1-liter offerings in Q2 2022\nLapping approx. $10 MM in net sales from pull-forward demand related to July 2022 price increase\nContinued impact from lower baseline level of demand\nIncreased investment spend to result in highest quarterly Adjusted EBITDA margin contraction for the year",
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      "text": "*Adjusted EBITDA and Adjusted Net Income are non-GAAP measures. The Company is not able to provide, without unreasonable effort, a reconciliation of the guidance for adjusted EBITDA and adjusted net income to the most directly comparable GAAP measure because the Company does not currently have sufficient data to accurately estimate the variables and individual adjustments included in the most directly comparable GAAP measure that would be necessary for such reconciliations, including (a) income tax related accruals in respect of certain one-time items, (b) costs related to potential debt or equity transactions, and (c) other non-recurring expenses that cannot reasonably be estimated in advance. These adjustments are inherently variable and uncertain and depend on various factors that are beyond the Company's control and as a result it is also unable to predict their probable significance. Therefore, because management cannot estimate on a forward-looking basis without unreasonable effort the impact these variables and individual adjustments will have on its reported results in accordance with GAAP, it is unable to provide a reconciliation of the non-GAAP measures included in its fiscal 2023 guidance.",
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      "text": "FY 2023 Guidance\nNet Sales $563 - $634 MM\nAdjusted Net Income* $176 - $224 MM\nAdjusted EBITDA* $261 - $322 MM",
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      "kind": "title",
      "text": "FISCAL YEAR 2023 GUIDANCE IS UNCHANGED",
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