Sally Beauty Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 09, 2024 at 06:45 am EDT
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Sally Beauty Holdings, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 908.36 million compared to USD 918.71 million a year ago. Net income was USD 29.24 million compared to USD 40.86 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to USD 0.37 a year ago.
For the six months, sales was USD 1,839.66 million compared to USD 1,875.77 million a year ago. Net income was USD 67.63 million compared to USD 91.2 million a year ago. Basic earnings per share from continuing operations was USD 0.64 compared to USD 0.85 a year ago. Diluted earnings per share from continuing operations was USD 0.63 compared to USD 0.83 a year ago.
Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America, and Europe. The Company operates through two business segments: Sally Beauty Supply (SBS) and Beauty Systems Group (BSG). The SBS segment is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers, primarily in North America, Puerto Rico, and parts of Europe and South America. The BSG segment includes its franchise-based business Armstrong McCall, a service distributor of beauty products and supplies that offers professional beauty products directly to salons and salon professionals through its professional-only stores, e-commerce platforms and its own sales force in partially geographical territories in the United States and Canada. The Company operates approximately 4,486 company-operated stores.
SALLY BEAUTY HOLDINGS, INC. 
