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As middle- and high-income consumers return to treating themselves to nice-to-haves, such as new personal care products and services, Sally Beauty is seeing low-income shoppers continuing to cut back amid ongoing economic pressures.
Sally Beauty's (SBH) Q2 earnings and net sales decline year over year due to slow traffic and consumer spending challenges.
Sally Beauty Holdings, Inc. (NYSE:SBH ) Q2 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Jeff Harkins - Vice President, Investor Relations and Treasurer Denise Paulonis - President and Chief Executive Officer Marlo Cormier - Chief Financial Officer Conference Call Participants Oliver Chen - Cowen Olivia Tong - Raymond James Ashley Helgans - Jefferies Simeon Gutman - Morgan Stanley Operator Good morning, everyone and welcome to the Sally Beauty Holdings Conference Call to discuss the company's Second Quarter Fiscal 2024 Results. [Operator Instructions] Now I would like to turn the call over to Jeff Harkins, Vice President of Investor Relations and Treasurer for Sally Beauty Holdings.
Although the revenue and EPS for Sally Beauty (SBH) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Sally Beauty (SBH) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.41 per share a year ago.
Get a deeper insight into the potential performance of Sally Beauty (SBH) for the quarter ended March 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
DENTON, Texas--(BUSINESS WIRE)--Sally Beauty Holdings, Inc. (NYSE:SBH) (“the Company”), the leader in professional hair color, today announced that it will host a conference call and webcast on May 9, 2024, at 7:30 a.m. Central Time to discuss second quarter financial results. A copy of the press release announcing the second quarter financial results is expected to be made available before the U.S. financial markets open on May 9, 2024, on the Company's website sallybeautyholdings.com/investor.
Sally Beauty (SBH) continues to battle tough macroeconomic challenges that have been putting pressure on consumer spending.
Sally Beauty Holdings is a leading cosmetics and beauty care company with over 4,500 stores globally.
Sally Beauty (SBH) is focused on its three key strategic initiatives, which include enhancing customer centricity, growing high-margin-owned brands and carrying out innovations.