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Sally Beauty Continues To Expect FY24 Net Sales And Comparable Sales To Be Approximately Flat YoY, Gross Margin Is Now Expected To Be In Range Of 50.5%-51.0%

Author: Benzinga Newsdesk | May 09, 2024 06:51am

The Company is updating its full year guidance by adjusting its full year operating margin outlook to reflect the Company's second quarter results, as follows:

  • The Company continues to expect net sales and comparable sales to be approximately flat compared to the prior year;
  • Gross Margin is now expected to be in the range of 50.5% to 51.0%;
  • Adjusted Operating Margin is now expected to be approximately 8.5%;
  • Operating Cash Flow is now expected to be approximately $240 million; and
  • Capital expenditures are expected to be approximately $100 million.

Posted In: SBH


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