Financial Performance - Q3 consolidated net sales were $942 million, an increase of 1.2% compared to the prior year[2]. - Consolidated comparable sales increased by 1.5%, with positive trends in both Sally Beauty and Beauty Systems Group segments[2][3]. - Global e-commerce sales reached $92 million, representing 9.7% of net sales[2][4]. - GAAP gross margin was 51.0%, unchanged from the prior year, while adjusted gross margin also remained at 51.0%[5]. - GAAP operating earnings were $72 million, with an operating margin of 7.6%, compared to $90.1 million and 9.7% in the prior year[7]. - GAAP diluted net earnings per share were $0.36, down from $0.46 in the prior year; adjusted diluted net earnings per share were $0.45, compared to $0.49[8]. - Net sales for the three months ended June 30, 2024, were $942,340, a 1.2% increase from $931,008 in the same period last year[24]. - Gross profit for the nine months ended June 30, 2024, was $1,411,131, down 1.4% from $1,431,618 in the prior year[24]. - Operating earnings decreased by 20.4% to $71,770 for the three months ended June 30, 2024, compared to $90,125 in the same period last year[24]. - Net earnings for the three months ended June 30, 2024, were $37,724, a decrease of 25.8% from $50,821 in the prior year[24]. - The company reported a consolidated operating margin of 7.6% for the three months ended June 30, 2024, down from 9.7% in the same period last year[25]. - For the nine months ended June 30, 2024, net earnings were $105,358,000, down from $142,019,000 in the same period of 2023[31]. - Adjusted EBITDA for the three months ended June 30, 2024, was $116,780,000, a decrease of 1.7% from $118,752,000 in the same period of 2023[32]. - Basic earnings per share for the three months ended June 30, 2024, were $0.37, down from $0.47 in the same period of 2023[28]. Cash Flow and Capital Expenditures - Cash flow from operations for Q3 was $48 million, with operating free cash flow of $29 million[2][9]. - The company executed $10 million in share repurchases during the quarter[1]. - Capital expenditures for the year are expected to be approximately $100 million[12]. - Net cash provided by operating activities decreased by 9.8% to $47,895 million in 2024 from $53,123 million in 2023[33]. - Operating free cash flow (non-GAAP) declined by 8.8% to $28,746 million in 2024 compared to $31,508 million in 2023[33]. Expenses and Liabilities - Selling, general and administrative (SG&A) expenses for the three months ended June 30, 2024, were $408,730,000, representing 43.4% of sales, compared to 41.3% in the same period of 2023[28]. - SG&A expenses for the nine months ended June 30, 2024, were $1,210,303,000, representing 43.5% of sales, compared to 41.5% in the same period of 2023[31]. - Unallocated expenses increased by 31.3% to $61,538 for the three months ended June 30, 2024, compared to $46,857 in the same period last year[27]. - Interest expense for the three months ended June 30, 2024, was $20,707,000, an increase from $18,654,000 in the same period of 2023[32]. - The provision for income taxes for the nine months ended June 30, 2024, was $36,565,000, compared to $52,840,000 in the same period of 2023[31]. Store Performance and Sales Trends - Total number of stores decreased to 4,460 in 2024 from 4,477 in June 2023, a reduction of 17 stores[34]. - Comparable sales growth for SBS was 0.7% for the three months ended June 30, 2024, down from 3.0% in the same period of 2023, a decline of 230 basis points[35]. - BSG comparable sales improved to 2.6% for the three months ended June 30, 2024, compared to a decline of 2.4% in the same period of 2023, an increase of 500 basis points[35]. - Consolidated comparable sales growth was 1.5% for the three months ended June 30, 2024, up from 0.6% in 2023, an increase of 90 basis points[35]. - The number of BSG distributor sales consultants increased to 659 in 2024 from 650 in 2023, an increase of 9 consultants[34]. Guidance and Future Outlook - Full year fiscal 2024 guidance maintains expectations for net sales and comparable sales to be approximately flat compared to the prior year[12]. - Adjusted EBITDA margin for 2024 is 12.4%, down from 12.8% in 2023, reflecting a decrease of 40 basis points[33].

Sally Beauty Holdings, Inc. (SBH) is likely to see a bottom-line decline when it reports third-quarter fiscal 2024 earnings on Aug 8. The Zacks Consensus Estimate for quarterly earnings has moved down by a cent in the past 30 days to 40 cents per share. The figure slumped 18.4% from the year-ago quarter's reported figure. The company's top line is likely to increase year over year. The consensus mark for quarterly revenues is pegged at $931.4 million, indicating a slight increase from the prior-year quarter ...

Wall Street analysts forecast that Sally Beauty (SBH) will report quarterly earnings of $0.40 per share in its upcoming release, pointing to a year-over-year decline of 18.4%. It is anticipated that revenues will amount to $931.39 million, exhibiting no change compared to the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimate ...

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. Sally Beauty (SBH) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual r ...

Essential Summer Hair Care Tips: Protect From the Sun: Sun damage is a real threat to hair. Look for products formulated for sun protection, like Sally Beauty's ion sun care collection. These products help maintain, style, and moisturize your hair while adding softness and shine for an effortless, beachy look. A Media Snippet accompanying this announcement is available by clicking on this link. Color with Confidence: Want a new summer hue? Sally Beauty has you covered with quality at-home hair color options ...

Introduction YCharts Financial Outlook Looks Better And Forward Valuations Look Cheap YCharts YCharts Improving Cash-Generation Prospects Bode Well For Leverage Decline And A Potential Pick Up in Buybacks YCharts VAL Sally Beauty Holdings Inc (SBH) Days Inventory Outstanding (Quarterly) 209.78 160.00 140.00 2020 2021 2022 2023 2024 Seeking Alpha Jul 15, 2024, 1:33 AM EDT Powered by YC H A R T S tied up with working capital, currently stands at almost 165 days, and at 5-year highs. Even this could mean rever ...

Stylists can register now to learn the latest blonding techniques at the Second Annual Iconic Blonde Virtual Event Blonding continues to be a defining trend in the beauty industry, prominently seen at recent red-carpet events with popular styles such as Glam Blonde, Honey Blonde, Brushed Blonde, and the sought-after Platinum Blonde, driving the need for stylists to stay abreast of the latest techniques and products. As innovations in hair care make blonding more accessible and less damaging, it's imperative ...

Factors Working in Sally Beauty's Favor The Fuel for Growth initiative ensures Sally Beauty remains poised to achieve increased gross margins and efficiencies in selling, general and administrative expenses (SG&A), while also focusing on growth and enhancing its shareholder value. SBH is projected to realize pre-tax advantages of $20 million in fiscal 2024. Furthermore, it has identified an additional potential pre-tax benefit of around $50 million for fiscal 2025, culminating in cumulative benefits approac ...

This collaboration enables Sally Beauty to provide same-day delivery services from more than 2,200 store locations nationwide. With this service, customers can now have the access to purchase a wide range of beauty products and have them delivered to their doorsteps in as little as an hour. Driving Growth Through Customer-Centricity Management views this partnership as pivotal in advancing its omni-channel approach and commitment to accessibility. The company remains dedicated to prioritizing its customers ...

Sally Beauty now offers same-day delivery in as fast as an hour via Instacart.Sally Beauty now offers sameday delivery in as fast as an hour via Instacart. About Instacart Leading beauty retailer now offers same-day delivery in as fast as an hour via Instacart "We're thrilled to continue broadening our offerings beyond grocery by partnering with Sally Beauty to deliver an extensive range of beauty products," said Blake Wallace, Senior Director of Retail Partnerships at Instacart. "This partnership not only ...