StocksHigh Impact•4 October 2026•
1 min read
Waldencast to Exit Nasdaq as Milk Makeup Sales Plunge 57%
Key Facts
1Waldencast's Milk Makeup brand recorded a sharp sales decline of 57%.
2Waldencast sold its Obagi Medical unit and lost its founders to the acquiring party.
3Waldencast is set to exit the Nasdaq exchange following the failure of its $1.2 billion beauty empire strategy.
Waldencast is set to exit the Nasdaq exchange following the failure of its $1.2 billion beauty empire strategy. Fortune reported that the company's Milk Makeup brand recorded a sharp sales decline of 57%, while Waldencast also sold its Obagi Medical unit and lost its founders to the acquiring party.
WALD closed at $0.8794 on October 2, 2026, as the company prepares for its delisting amid deteriorating organic sales performance. Meanwhile, NDAQ closed at $90.33 on the same date, with Waldencast's collapse marking a significant reversal of its initial conglomerate ambitions.