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Sep 30, 2024
Sally Beauty Q4 2024 Earnings Report
Reported a 1.5% increase in consolidated net sales and an adjusted operating margin expansion of 80 basis points to 9.4% for the fourth quarter.
Key Takeaways
Sally Beauty Holdings reported strong fourth quarter results with a 1.5% increase in consolidated net sales and a 2.0% increase in consolidated comparable sales. The company's GAAP operating margin expanded by 50 basis points to 8.8%, and the adjusted operating margin expanded by 80 basis points to 9.4%. Strong cash flow from operations was utilized to repay debt and fund share repurchases.
Consolidated net sales increased by 1.5% and consolidated comparable sales increased by 2.0% in Q4.
GAAP operating margin expanded 50 basis points to 8.8%, and adjusted operating margin expanded 80 basis points to 9.4% in Q4.
Strong Q4 cash flow from operations of $111 million was utilized to repay debt and fund share repurchases.
Beauty Systems Group acquired a professional beauty distributor in Florida.
Revenue by Segment
Forward Guidance
The Company is providing the following guidance for fiscal year 2025: Consolidated net sales and comparable sales are expected to be flat to up 2% compared to the prior year and Adjusted Operating Margin is expected to be in the range of 8.5% to 9.0%
Positive Outlook
- Consolidated net sales are expected to be flat to up 2% compared to the prior year.
- Consolidated comparable sales are expected to be flat to up 2% compared to the prior year.
- Adjusted Operating Margin is expected to be in the range of 8.5% to 9.0%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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