Waldencast Expects FY Comparable Net Revenues To Grow Faster Than The Growth Rate Seen In The Q1 2024. Adjusted EBITDA Margin For FY24 Is Expected To Be In The Mid-Teens, Higher Than FY23 Of 11.2%

Fiscal 2024 Outlook: We expect full year Comparable Net Revenues to grow faster than the growth rate seen in the Q1 2024. Adjusted EBITDA Margin for FY2024 is expected to be in the mid-teens, substantially higher than FY 2023 of 11.2%. This will be driven by anticipated improvement of Gross Margin vs. 2023 and dilution of fixed expenses, balanced with efficient investments in sales and marketing growth drivers.