Sally Beauty Q2 sales fall 1.1% to $908 million; GAAP EPS $0.27 vs. $0.37 a year ago
Sally Beauty Holdings reported fiscal second-quarter 2024 net sales of $908.4 million, down 1.1% from the prior year, with GAAP diluted earnings per share of $0.27 versus $0.37. The company updated its fiscal 2024 outlook, now expecting an adjusted operating margin of about 8.5%, and said it expects net sales and comparable sales to be roughly flat.
Key points
- Q2 net sales were $908.4 million, down 1.1%; comparable sales fell 1.5%.
- GAAP diluted EPS was $0.27 versus $0.37 a year earlier; adjusted diluted EPS was $0.35 versus $0.41.
- Fiscal 2024 guidance: gross margin of 50.5% to 51.0%, adjusted operating margin about 8.5%, operating cash flow about $240 million.
- The company issued a $600 million note due 2032 at a 6.75% coupon to refinance its $680 million note due 2025.
The filing
Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 09, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.