A Media Snippet accompanying this announcement is available by clicking on this link. ORLANDO, Fla., Dec. 04, 2024 (GLOBE NEWSWIRE) -- This holiday season, it’s glow time at Sally Beauty! As the premier destination for professional hair color, hair care, and the latest styling tools, Sally Beauty is where quality meets value for trend-conscious consumers. Whether you’re looking to dazzle with rich hair colors, achieve healthy, shining locks, or deck out your fingertips in festive designs, Sally Beauty has ...

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Sally Beauty Holdings, Inc. (SBH) reported solid fourth-quarter fiscal 2024 results, wherein the top and bottom lines increased year over year. Also, earnings beat the Zacks Consensus Estimate, whereas net sales missed the same. The company concluded the fiscal fourth quarter on a strong note, driven by momentum across the Sally Beauty and Beauty Systems Group segments. Positive comparable sales and healthy gross margins led to expanded operating margins. Heading into fiscal 2025, the company remains focuse ...

Regulatory, Legal and Cybersecurity Risks Legal proceedings, including litigation, regulatory proceedings, and other claims, and the outcome of such proceedings, litigation or claims, could have a material adverse ef ect on our business, financial condition and cash flows. From time to time, we are a party to claims, litigation, including single-plaintiff and class action litigation, and other legal proceedings that arise in the ordinary course of our business, including matters involving employment, premis ...

Financial Data and Key Metrics Changes - The company reported consolidated net sales of $3.7 billion for fiscal year 2024, with strong gross margins of 51% and adjusted operating income of $315 million, generating $247 million in cash flow from operations [9][34] - In Q4, consolidated net sales were $935 million, an increase of 1.5%, while comparable sales grew by 2% [34] - Adjusted operating margin expanded by 80 basis points to 9.4% year-over-year, with adjusted EBITDA margin at 12.6% [8][38] Business Line Data and Key Metrics Changes - Sally Beauty segment saw comparable sales increase by 2.6% and net sales growth of 1.8% year-over-year, with gross margin increasing by 120 basis points to 60.4% [39][40] - BSG segment reported comparable sales growth of 1.3% and net sales up 1%, with gross margin at 39%, down 30 basis points from the previous year [41][42] Market Data and Key Metrics Changes - Global e-commerce sales reached $91 million, representing 10% of total net sales, with BSG e-commerce sales at $53 million, accounting for 13% of segment net sales [35][42] - The company generated 78% of sales from 16 million loyalty customers in the U.S. and Canada [10] Company Strategy and Development Direction - The company is focusing on enhancing customer centricity, growing high-margin owned brands, and amplifying innovation while increasing operational efficiency [15][20] - A brand refresh initiative is underway to modernize the Sally Beauty brand and improve customer experience [16][19] - The company plans to capture cumulative gross margin and SG&A benefits of approximately $70 million by the end of fiscal 2025 [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in entering fiscal 2025 with strong momentum, driven by customer reactivations and new customer acquisitions [29][30] - The company anticipates continued top-line growth in the first half of fiscal 2025, with guidance for consolidated net sales and comparable sales in the range of flat to up 2% [53][54] Other Important Information - The company completed the strategic acquisition of Exclusive Beauty Supplies of Florida, enhancing its market presence [12] - The company plans to invest $300 million to $325 million in capital expenditures in fiscal 2025, including share repurchases and debt reduction [50][51] Q&A Session Summary Question: Why is now the right time for the brand refresh? - Management indicated that the timing is right due to returning to positive growth and insights gained from previous initiatives [57][58] Question: What are the expectations for AUR and comp metrics? - Management expects AUR to remain modestly positive, with continued strength in color, care, and nails categories [62][65] Question: How does the promotional environment look? - Management noted consistency in promotional activity, with a slight decrease in promotional frequency for Sally compared to the prior year [66][67] Question: What are the trends in transactions versus ticket for BSG? - Transactions were strong, with a low-single-digit increase in frequency, while average ticket was slightly lower [70] Question: What are the building blocks for margin improvement? - Management highlighted sales growth and the Fuel for Growth program as key contributors to margin improvement [73][76] Question: Are there benefits from drug store closures? - Management stated that they focus on their customer base and are seeing positive trends from new and reactivated customers [93] Question: What are the key takeaways from the Studio by Sally initiative? - Key learnings include changes in store format and customer engagement strategies that will be integrated into the brand refresh [95][96]

Core Insights - Sally Beauty Holdings is initiating a brand refresh aimed at modernizing its customer experience and enhancing its market position as a beauty powerhouse [1][3] - The brand refresh is scheduled to launch in the second half of fiscal 2025 [2] Financial Performance - In the fourth quarter, revenue increased by 1.5% to $935 million, with consolidated comparable sales rising by 2.0% [4] - For the full fiscal year, consolidated net sales totaled $3.72 billion, reflecting a slight decline of 0.3%, while comparable sales grew by 0.3% [5] - Full-year eCommerce sales reached $364 million, accounting for 9.8% of net sales [5] Strategic Initiatives - A key strategy involves leveraging 16 million loyalty members in the U.S. and Canada, who contribute to 78% of total sales [6] - The company has expanded its marketplace presence through partnerships with DoorDash and Instacart, attracting new customers [6] - The Licensed Colorist On Demand (LCOD) service saw a 20% increase in demand, indicating a growing preference for personalized beauty services [6] Customer Engagement - The company is enhancing customer engagement through advanced CRM tools, improving communication via SMS, email, and mobile platforms [6][7] - The app is experiencing increased engagement, supported by personalized SMS and CRM activities [7] Future Outlook - Looking ahead to fiscal 2025, the company is optimistic about its growth trajectory, citing successful strategic initiatives and positive customer trends [7]

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Sally Beauty (SBH) reported $935.03 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.5%. EPS of $0.50 for the same period compares to $0.42 a year ago.The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $935.65 million. With the consensus EPS estimate being $0.48, the EPS surprise was +4.17%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

Sally Beauty (SBH) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this beauty products seller would post earnings of $0.40 per share when it actually produced earnings of $0.45, delivering a surprise of 12.50%.Over the last four quarters, th ...

Exhibit 99.1 Contact: Jeff Harkins Investor Relations 940-297-3877 jharkins@sallybeauty.com Sally Beauty Holdings Reports Fourth Quarter and Full Year Fiscal 2024 Results • Q4 Consolidated Net Sales Increased 1.5% and Consolidated Comparable Sales Increased 2.0% • Q4 GAAP Operating Margin Expanded 50 Basis Points to 8.8%, and Adjusted Operating Margin Expanded 80 Basis Points to 9.4% • Strong Q4 Cash Flow from Operations of $111 Million Utilized to Repay Outstanding Balance of $45 Million on ABL Credit Faci ...