Olaplex has announced its fourth quarter fiscal 2021 results, which showed net sales increased 78.7% from $93.1 million in 2020 to $166.5 million. Net sales in full-year fiscal 2021 increased 112.0% from $282.2 million in 2020 to $598.4 million. Looking ahead, the brand expects fiscal 2022 net sales to total $796-826 million.
Gross profit increased 77.9% from $74.3 million in 2020 to $132.2 million.
Net income increased 107.6% from $33.4 million in 2020 to $69.3 million.
Gross profit increased 163.8% from $179.6 million in 2020 to $473.8 million.
Net income increased 462.1% from $39.3 million in 2020 to $220.8 million.
JuE Wong, Olaplex president and CEO, said, “We delivered an outstanding finish to an excellent year of growth at Olaplex, as the successful execution of our strategy fueled broad based strength across geographies and channels. I am proud of Olaplex notable accomplishments and equally excited about our opportunities to build upon our success in 2022. We begin fiscal 2022 with strong momentum and remain confident in our ability to continue to deliver strong sales growth at robust margins, which is reflected in our guidance for fiscal year 2022. Our vision could not be realized without the hard work, contributions, and dedication of our passionate team and without the support of our community of stylists. I would like to thank our entire team and our partners for contributing to our performance.”