BUZZ-Oddity Tech surges on beat-and-raise report despite tariffs

Reuters
Yesterday
BUZZ-Oddity Tech surges on beat-and-raise report despite tariffs

** Shares of Oddity Tech Ltd ODD.O up 13% premarket to $53.27 after Israeli-based online cosmetics retailer boosted full-yr outlook even as tariffs loom

** ODD shares could open at highest level since Aug 2023, if gains hold

** Co, which owns IL MAKIAGE and SpoiledChild brands, late Tues said tariff and trade-related headwinds are "expected to be manageable and largely offset by cost efficiencies"

** It now sees 2025 rev of $790-$798 mln and adj EPS of $1.99-$2.04 compared to prior forecasts of $776-$785 mln and $1.94-$1.98, respectively

** Q1 rev of $268 mln, up 27% y/y, and adj EPS of $0.69 surpassed analysts' expectations, per LSEG data

** 6 of 9 analysts covering ODD rate stock "strong buy" or "buy", rest have "hold" ratings and their median PT is $56

** Through Tues close, stock up 12% YTD compared to Nasdaq's .IXIC 9.6% decline

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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