Sally Beauty Holdings Sees FY23 Net Sales To Decline By Low-Single Digits Y/Y, Revises Adjusted Operating Margin To 9.0% - 9.4% (Vs. 8.5% - 9.5% Prior)
Portfolio Pulse from Benzinga Newsdesk
Sally Beauty Holdings has revised its FY23 net sales forecast, expecting a low-single digit year-on-year decline. The company also adjusted its operating margin to 9.0% - 9.4%, compared to the previous 8.5% - 9.5%.
August 04, 2023 | 12:54 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Sally Beauty Holdings has revised its FY23 net sales forecast downwards and adjusted its operating margin. This could potentially impact the company's stock price.
Sally Beauty Holdings' revised forecast indicates a potential decline in net sales for FY23, which could negatively impact investor sentiment and lead to a decrease in the company's stock price. The adjustment in operating margin, although within a similar range, may also influence investor perception.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100