Oddity Tech (NASDAQ:ODD) Second Quarter 2024 Results

Key financial results

• Revenue: $192.8 million (up 27% from Q2 2023).

• Net income: $45.5 million (up 52% ​​from Q2 2023).

• Profit margin: 24% (compared to 20% in Q2 2023). The increase in margin is due to higher sales.

• Earnings per share: $0.79 (compared to $0.55 in Q2 2023).

All figures shown in the graph above refer to the last 12 months (TTM)

Oddity Tech’s revenue and profit exceed expectations

Sales exceeded analyst estimates by 2.4%. Earnings per share (EPS) also exceeded analyst estimates by 15%.

Average sales growth of 17% per year is expected for the next three years. In the US personal care products sector, however, growth of 6.4% is forecast.

Performance of American personal care products industry.

The company’s shares fell 1.7 percent compared to the previous week.

Balance sheet analysis

Although it is very important to consider the income statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphical representation of Oddity Tech’s balance sheet and an in-depth analysis of the company’s financial position.

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