Sally Beauty Sees FY24 Revenue To Be Flat Versus FY23
Portfolio Pulse from Benzinga Newsdesk
Sally Beauty anticipates its fiscal year 2024 revenue to remain unchanged compared to fiscal year 2023, indicating no expected growth in sales for the upcoming year.
November 14, 2023 | 11:53 am
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NEGATIVE IMPACT
Sally Beauty Holdings, Inc. expects its FY24 revenue to be on par with FY23, suggesting a lack of sales growth for the next fiscal year.
The announcement of flat revenue for FY24 could be perceived negatively by investors as it suggests that the company is not expecting any growth in sales. This could potentially lead to a decrease in investor confidence and a downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100