Wella Co

S-1/A amended

S-1 filed

Wella Co's S-1 filing highlights strong revenue growth, with net revenues increasing 9.2% to $2.94 billion in FY2026 compared to FY2025, driven by growth in Professional Hair, Retail Hair, and Styling Tools categories. Gross profit rose 9.1% to $2.01 billion, but SG&A expenses increased 7.7% due to advertising costs and foreign exchange impacts. Restructuring costs declined 19.4% to $29.4 million as major initiatives neared completion. Net income turned positive at $62.3 million in FY2026 after a $8.7 million loss in FY2025, with a significant drop in the effective tax rate from 120.4% to 24.9%. The company also recorded impairment charges of $84.2 million for intangible assets and $7.8 million for goodwill in FY2025.

DRS/A amended

DRS/A amended

DRS/A amended

Wella Co's current DRS/A filing highlights a 3.9% increase in net revenues to $2.69 billion for the year ended June 30, 2025, driven by growth in both the Hair & Nail and Beauty Tech segments. The Beauty Tech segment saw a 9.4% revenue rise, fueled by product innovation and e-commerce growth, while Hair & Nail grew 3.0% with strategic pricing and volume increases. Adjusted EBITDA improved across both segments, with Beauty Tech's margin expanding significantly. The company reported a net loss of $8.7 million in 2025, compared to a $115.2 million loss in 2024, though this was impacted by a 120.4% effective tax rate due to valuation allowances and high-tax jurisdiction profits. Restructuring costs rose 17.4% to $36.5 million, linked to exiting the China hair products business and integrating Briogeo, with expected additional costs in 2026.

DRS filed

Wella Co's DRS filing highlights a significant improvement in operating performance for the year ended June 30, 2025, with a 3.9% increase in net revenues to $2.69 billion and a 381.4% surge in operating income to $228.6 million. The company reported a net loss of $8.7 million compared to a $115.2 million loss in 2024, driven by strategic pricing, favorable product mix, and cost management. Notable factors include $7.8 million goodwill impairment, $141 million impairment of intangible assets, and a 120.4% effective tax rate, largely due to tax restructuring ahead of the IPO. The Beauty Tech segment saw 9.4% revenue growth and a 38.8% increase in Adjusted EBITDA, while Hair & Nail grew 3% with improved margins.