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%
$SBH
Other Specialty Stores
Consumer Discretionary
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.