Sally Beauty Holdings: Carrying Momentum Into 2025
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Sally Beauty Holdings, Inc. reported strong fiscal Q4 results, with earnings surpassing expectations and a 2.0% rise in comparable sales. The company improved its gross profit by 2.7% and gross margins to 51.2% due to lower costs. SBH ended the quarter with $108 million in cash and no outstanding borrowings, reducing its net debt leverage ratio to 2.0 times.
November 14, 2024 | 6:00 pm
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Sally Beauty Holdings reported better-than-expected fiscal Q4 earnings, with a 2.0% increase in comparable sales and improved gross margins. The company has a strong cash position and reduced debt leverage.
The positive earnings surprise and improved financial metrics such as increased sales, improved margins, and a strong cash position are likely to boost investor confidence and positively impact SBH's stock price in the short term.
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