Sector: Consumer Cyclicals | Industry: Other Specialty Retailers |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 10 Bank Street, Suite 560 WHITE PLAINS NY 10606 |
Tel: | N/A |
Website: | https://www.waldencast.com |
IR: | See website |
Key People | ||
Felipe Dutra Executive Chairman of the Board | Michel Brousset Chief Executive Officer, Director | Philippe Gautie Chief Financial Officer, Chief Operating Officer | Hind Sebti Chief Growth Officer |
Business Overview |
Waldencast plc operates a global multi-brand beauty and wellness platform. The Company is focused on developing, acquiring, accelerating, and scaling conscious and purpose-driven brands. The Company's segments include Obagi Skincare and Milk Makeup. Obagi Skincare is an advanced skin care line rooted in research and skin biology. Obagi products are designed to diminish the appearance of premature aging, photodamage, skin discoloration, acne, and sun damage. Obagi offers over 200 products through physicians and its Website, www.obagi.com throughout the United States as well as in over 65 countries through international distributors. Milk Makeup creates vegan, cruelty-free, clean formulas and offers over 300 products through its United States Website, www.milkmakeup.com, and its retail partners, including Sephora in North America, Europe, the Middle East, Australia, Cult Beauty, and ASOS online. Its subsidiaries include Obagi Global Holdings Limited and Milk Makeup LLC, and others. |
Financial Overview |
For the six months ended 30 June 2023, Waldencast PLC revenues increased 60% to $109.3M. Net loss increased 67% to $29.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Selling, general and administrative increase from $49.9M to $100.7M (expense), Interest expense increase of 55% to $8.9M (expense). |