Sally Beauty Holdings (SBH) Misses Q1 EPS by 1c, offers guidance

Sally Beauty Holdings (NYSE: SBH) reported Q1 EPS of $0.39, $0.01 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $931 million versus the consensus estimate of $929.55 million.

Fiscal Year 2024 Guidance

The Company is maintaining the following guidance for the full fiscal year 2024:

Net sales and comparable sales are expected to be approximately flat compared to the prior year, reflecting growth from the Company’s strategic initiatives, offset by anticipated pressure on consumer spending;
Gross Margin is expected to remain above 50%;
Adjusted Operating Margin is expected to be at least 9.0%;
Operating Cash Flow is expected to be at least $260 million; and
Capital expenditures are expected to be approximately $100 million.

For earnings history and earnings-related data on Sally Beauty Holdings (SBH) click here.

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