Olaplex Sales Fall, But Company Says Recovery Is on Track

Olaplex showed signs of recovery with strong sales from Sephora and other stores in the second quarter, but those gains didn’t make up for a continued slide in its direct-to-consumer business.

Specialty retail sales jumped 22.4 percent in the quarter, the company said Tuesday. However, DTC sales fell by 18.4 percent. Overall sales dropped 4.8 percent to $103.9 million, the sixth consecutive quarter of declines.

The company’s stock dropped 8…