Price Target AdjustmentThe prior price target has been lowered to $1.40 from $1.75, reflecting reduced FY27 Adj. EBITDA multiple to account for recent multiple compression across OLPX's peers and the broader CPG group.
Revenue DeclinesDespite encouraging progress in the turnaround, there are continued revenue declines, competitive and macro headwinds, and expectations for only modest revenue growth ahead.
Sell-through RatesSell-through rates, especially in the US, need improvement as they remain in line with previous quarters but are still down year-over-year.