Sally Beauty Holdings Reports Fourth Quarter and Full Year Fiscal 2024 Results

Sally Beauty Holdings, Inc. recently disclosed its financial results for the fourth quarter and full year ended September 30, 2024. The company reported a consolidated net sales increase of 1.5% to $935 million in the fourth quarter, with a consolidated comparable sales growth of 2.0%. The company’s GAAP operating margin expanded by 50 basis points to 8.8%, while adjusted operating margin grew by 80 basis points to 9.4%.

The quarterly results were further bolstered by strong cash flow from operations amounting to $111 million. Among strategic moves, Sally Beauty Holdings announced the acquisition of certain assets of Exclusive Beauty Supplies of Florida by its Beauty Systems Group. This acquisition included the addition of three stores, seven direct sales consultants, and distribution rights for major brands like Moroccanoil®, Olaplex®, Rusk®, and Verb®, among others.

For the fiscal year 2025, Sally Beauty Holdings is expecting consolidated net sales and comparable sales to remain flat to up 2% compared to the prior year. The adjusted operating margin is projected to be in the range of 8.5% to 9.0%.

Sally Beauty Holdings, Inc., a leader in professional hair color, operates Sally Beauty Supply and Beauty Systems Group businesses globally, offering a wide range of beauty supplies. The company focuses on driving consistent profitable growth, enhancing customer centricity, and growing high-margin own brands.

The company will hold a conference call today at 7:30 a.m. Central Time to discuss these financial results and provide further insights into its business strategies going forward. Detailed financial statements and additional information regarding the company’s performance are available on their investor relations website.

Please note that the financial figures and guidance mentioned in this article are based on the information provided in the company’s recent SEC filing.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Sally Beauty’s 8K filing here.

Sally Beauty Company Profile

Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.