Sally Beauty Holdings Reiterates FY24 Outlook: Expects Net Sales And Comparable Sales To Be Approximately Flat Compared To The Prior Year; Gross Margin Is Expected To Be In Range Of 50.5%-51.0%
Portfolio Pulse from Benzinga Newsdesk
Sally Beauty Holdings has reiterated its FY24 outlook, expecting net sales and comparable sales to be approximately flat compared to the prior year. The company also anticipates a gross margin in the range of 50.5%-51.0%.
August 08, 2024 | 10:55 am
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Sally Beauty Holdings has reiterated its FY24 outlook, expecting net sales and comparable sales to be flat compared to the prior year, with a gross margin between 50.5%-51.0%.
The reiteration of the FY24 outlook with flat net and comparable sales suggests stability but no growth, which is neutral for the stock price. The gross margin range indicates stable profitability.
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