Sally Beauty Holdings Inc【SBH】株式ニュース

Sally Beauty Holdings Reports Second Quarter Fiscal 2026 ResultsMay 11, 2026 6:45 AM
Business Wire Q2 Consolidated Net Sales Increased 2.3%; Consolidated Comparable Sales Increased 1.3% Q2 GAAP Diluted EPS Increased 13%; Adjusted Diluted EPS Increased 5% Q2 Cash Flow from Operations of $73 Million Deployed to Invest for Growth, Strengthen Balance Sheet and Return Value to Shareholders Fiscal 2026 Guidance: Company Tightens Net Sales Range and Reiterates All Other Metrics Sally Beauty Holdings, Inc. (NYSE: SBH) (the “Company”), the leader in professional hair color, today announced financial results for its second quarter ended March 31, 2026. The Company will hold a conference call today at 7:30 a.m. Central Time to discuss these results and its business. “Our second quarter results reflect solid execution and the resilience of our operating model amid a dynamic macroeconomic environment,” said Denise Paulonis, president and chief executive officer. “We delivered low-single digit sales growth, gross margin expansion, and strong cash flow from operations, driven by the compounding benefits of our growth initiatives. As we enter the second half of fiscal 2026, we remain confident in our full-year outlook and believe the Company is positioned to deliver consistent, profitable growth and shareholder value over the long-term.” Fiscal 2026 Second Quarter Summary Consolidated net sales of $903 million, an increase of 2.3% compared to the prior year; Consolidated comparable sales growth of 1.3%; Global e-commerce sales increased 13% to $108 million, representing 12% of net sales; GAAP gross margin expansion of 70 basis points to 52.7%; Adjusted Gross Margin expansion of 80 basis points to 52.8%; GAAP selling, general and administrative expenses of $404 million, an increase of $14 million compared to the prior year; Adjusted Selling, General and Administrative Expenses of $404 million, an increase of $20 million compared to the prior year; GAAP operating earnings of $72 million and GAAP operating margin of 8.0%; Adjusted Operating Earnings of $73 million and Adjusted Operating Margin of 8.1%; GAAP diluted net earnings per share of $0.43, an increase of 13% compared to the prior year; Adjusted Diluted Net Earnings Per Share of $0.44, an increase of 5% compared to the prior year; Cash flow from operations of $73 million and Free Cash Flow of $44 million; and Completed $20 million in term loan repayment and $25 million in share repurchases. Balance Sheet and Cash Flow As of March 31, 2026, the Company had cash and cash equivalents of $157 million and no outstanding borrowings under its asset-based revolving line of credit. At fiscal year-end, inventory was $987 million, down 2% versus a year ago. Second quarter cash flow from operations was $73 million and Free Cash Flow totaled $44 million. During the quarter, the Company utilized its cash flow to repay $20 million of term loan B debt and repurchase 1.7 million shares under its share repurchase program at an aggregate cost of $25 million. The Company ended the second quarter with a net debt leverage ratio of 1.5x. Fiscal 2026 Second Quarter Segment Results Sally Beauty Beauty Systems Group (In thousands, except percentages) Q2 FY26 Q2 FY25 Growth/(Decline) Q2 FY26 Q2 FY25 Growth/(Decline) Net Sales $ 521,236 $ 500,575 4.1% $ 382,146 $ 382,571 (0.1)% Comparable Sales Growth/(Decline) 2.5 % (0.3 )% 280 bps (0.3 )% (2.7 )% 240 bps Gross Margin 61.3 % 61.2 % 10 bps 40.9 % 39.8 % 110 bps Operating Earnings $ 78,149 $ 77,305 1.1% $ 47,368 $ 43,934 7.8% Operating Margin 15.0 % 15.4 % (40) bps 12.4 % 11.5 % 90 bps Fiscal Year 2026 Guidance* Third Quarter Consolidated Net Sales $932 million to $942 million (1) Comparable Sales Approximately Flat Adjusted Operating Earnings $83 million to $89 million Adjusted Diluted EPS $0.52 to $0.56 (1) Assumes approximately 40 basis points of favorable impact from expected foreign currency rates Full Year Prior FY26 Guidance Updated FY26 Guidance Consolidated Net Sales $3.71 billion to $3.77 billion $3.725 billion to $3.750 billion (1) Comparable Sales Flat to up 1% No change Adjusted Operating Earnings $328 million to $342 million No change Adjusted Diluted EPS $2.02 to $2.10 (2) No change Capital Expenditures Approximately $100 million No change Free Cash Flow Approximately $200 million No change (1) Assumes approximately 50 basis points of favorable impact from expected foreign currency rates (2) Assumes 50% of Free Cash Flow goes towards share repurchases (Free Cash Flow defined as GAAP cash flows from operating activities less payments for capital expenditures) * The Company does not provide a reconciliation for forward-looking non-GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of its reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of the Company’s control or cannot be reasonably predicted. For the same reasons, the Company is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures. Conference Call and Where You Can Find Additional Information The Company will hold a conference call and live webcast at approximately 7:30 a.m. Central Time today, May 11, 2026, to discuss its financial results and its business. During the conference call, the Company may discuss and answer one or more questions concerning business and financial matters and trends affecting the Company. The Company’s responses to these questions, as well as other matters discussed during the conference call, may contain or constitute material information that has not been previously disclosed. Participants can listen to the live webcast of the conference call by accessing the investor relations section of the Company’s website at sallybeautyholdings.com/investor-relations/events-and-presentations/events-calendar, or through our third-party host at SBH Q2 Earnings Webcast. To join the conference call, participants can pre-register to receive a dial-in number and unique PIN using the following link: Pre-register SBH Q2 Earnings Call. Pre-registration can be completed at any time up to and following the call start time. A replay will be available on the Company’s investor relations website after 10:00 a.m. Central Time on May 11, 2026, through May 11, 2027. About Sally Beauty Holdings, Inc. Sally Beauty Holdings, Inc. (NYSE: SBH), as the leader in professional hair color, sells and distributes professional beauty supplies globally through its Sally Beauty and Beauty Systems Group segments. Sally Beauty stores offer up to 7,000 products for hair color, hair care, nails, and skin care through proprietary brands such as Ion®, Bondbar®, Strawberry Leopard®, Generic Value Products®, Inspired by Nature® and Silk Elements® as well as professional lines such as Wella®, Clairol®, OPI®, L’Oreal®, Wahl® and Babyliss Pro®. Beauty Systems Group stores, branded as Cosmo Prof® or Armstrong McCall® stores, along with its outside sales consultants, sell up to 8,000 professionally branded products including Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico®, Amika® and Moroccanoil®, intended for use in salons and for resale by salons to retail consumers. For more information about Sally Beauty Holdings, Inc., please visit sallybeautyholdings.com/investor-relations. Cautionary Notice Regarding Forward-Looking Statements Statements in this news release and the schedules hereto that are not purely historical facts or that depend upon future events may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be identified by the use of words such as “believes,” “projects,” “expects,” “can,” “may,” “estimates,” “should,” “plans,” “targets,” “intends,” “could,” “will,” “would,” “anticipates,” “potential,” “confident,” “optimistic,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, guidance, expectations and future plans. Forward-looking statements can also be identified by the fact that these statements do not relate strictly to historical or current matters. Readers are cautioned not to place undue reliance on forward-looking statements as such statements speak only as of the date they were made. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including the “Risk Factors” described under Item 1A of our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, and other filings with the U.S. Securities and Exchange Commission. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein. We assume no obligation to publicly update or revise any forward-looking statements. Use of Non-GAAP Financial Measures This news release and the schedules hereto include the following financial measures that have not been calculated in accordance with accounting principles generally accepted in the United States, (“GAAP”), and are therefore referred to as non-GAAP financial measures: (1) Adjusted Gross Margin; (2) Adjusted Selling, General and Administrative Expenses; (3) Adjusted EBITDA and EBITDA Margin; (4) Adjusted Operating Earnings and Operating Margin; (5) Adjusted Net Earnings; (6) Adjusted Diluted Net Earnings Per Share; and (7) Free Cash Flow. We have provided definitions below for these non-GAAP financial measures and have provided tables in the schedules hereto to reconcile these non-GAAP financial measures to the comparable GAAP financial measures. Adjusted Gross Margin – We define the measure Adjusted Gross Margin as GAAP gross margin excluding the costs related to the Company’s fuel for growth initiative for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures. Adjusted Selling, General and Administrative Expenses – We define the measure Adjusted Selling, General and Administrative Expenses as GAAP selling, general and administrative expenses excluding the costs related to the Company’s fuel for growth initiative, expenses related to the Company’s corporate headquarters relocation, and asset impairment charges for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures. Adjusted EBITDA and EBITDA Margin – We define the measure Adjusted EBITDA as GAAP net earnings before depreciation and amortization, interest expense, income taxes, share-based compensation, costs related to the Company’s fuel for growth initiative, expenses related to the Company’s corporate headquarters relocation, and asset impairment charges for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures. Adjusted EBITDA Margin is Adjusted EBITDA as a percentage of net sales. Adjusted Operating Earnings and Operating Margin – Adjusted operating earnings are GAAP operating earnings that exclude the costs related to the Company’s fuel for growth initiative, expenses related to the Company’s corporate headquarters relocation, and asset impairment charges for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures. Adjusted Operating Margin is Adjusted Operating Earnings as a percentage of net sales. Adjusted Net Earnings – Adjusted net earnings is GAAP net earnings that exclude the tax-effected costs related to the Company’s fuel for growth initiative, tax-effected expenses related to the Company’s corporate headquarters relocation, and tax-effected asset impairment charges for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures. Adjusted Diluted Net Earnings Per Share – Adjusted diluted net earnings per share is GAAP diluted earnings per share that exclude the tax-effected costs related to the Company’s fuel for growth initiative, tax-effected expenses related to the Company’s corporate headquarters relocation, and tax-effected asset impairment charges for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures. Free Cash Flow – We define the measure Free Cash Flow as GAAP net cash provided by operating activities less payments for capital expenditures (net). We believe Free Cash Flow is an important liquidity measure that provides useful information to investors about the amount of cash generated from operations after taking into account payments for capital expenditures (net). We believe that these non-GAAP financial measures provide valuable information regarding our earnings and business trends by excluding specific items that we believe are not indicative of the ongoing operating results of our businesses, providing a useful way for investors to make a comparison of our performance over time and against other companies in our industry. We have provided these non-GAAP financial measures as supplemental information to our GAAP financial measures and believe these non-GAAP measures provide investors with additional meaningful financial information regarding our operating performance and cash flows. Our management and Board of Directors also use these non-GAAP measures as supplemental measures to evaluate our businesses and the performance of management, including the determination of performance-based compensation, to make operating and strategic decisions, and to allocate financial resources. We believe that these non-GAAP measures also provide meaningful information for investors and securities analysts to evaluate our historical and prospective financial performance. These non-GAAP measures should not be considered a substitute for or superior to GAAP results. Furthermore, the non-GAAP measures presented by us may not be comparable to similarly titled measures of other companies. Supplemental Schedules Segment Information 1 Non-GAAP Financial Measures Reconciliations 2-3 Non-GAAP Financial Measures Reconciliations; Adjusted EBITDA and Free Cash Flow 4 Store Count and Comparable Sales 5 SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES Condensed Consolidated Statements of Earnings (In thousands, except per share data) (Unaudited) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 Percentage Change 2026 2025 Percentage Change Net sales $ 903,382 $ 883,146 2.3 % $ 1,846,550 $ 1,821,041 1.4 % Cost of products sold 427,610 424,329 0.8 % 887,519 885,384 0.2 % Gross profit 475,772 458,817 3.7 % 959,031 935,657 2.5 % Selling, general and administrative expenses 403,841 389,444 3.7 % 811,165 765,964 5.9 % Operating earnings 71,931 69,373 3.7 % 147,866 169,693 (12.9 )% Interest expense 14,165 16,289 (13.0 )% 28,785 33,731 (14.7 )% Earnings before provision for income taxes 57,766 53,084 8.8 % 119,081 135,962 (12.4 )% Provision for income taxes 15,071 13,874 8.6 % 30,829 35,739 (13.7 )% Net earnings $ 42,695 $ 39,210 8.9 % $ 88,252 $ 100,223 (11.9 )% Earnings per share: Basic $ 0.44 $ 0.39 12.8 % $ 0.91 $ 0.98 (7.1 )% Diluted $ 0.43 $ 0.38 13.2 % $ 0.88 $ 0.96 (8.3 )% Weighted average shares: Basic 96,727 101,614 97,271 101,820 Diluted 99,721 104,435 100,265 104,682 Basis Point Change Basis Point Change Comparison as a percentage of net sales Consolidated gross margin 52.7 % 52.0 % 70 51.9 % 51.4 % 50 Selling, general and administrative expenses 44.7 % 44.1 % 60 43.9 % 42.1 % 180 Consolidated operating margin 8.0 % 7.9 % 10 8.0 % 9.3 % (130 ) Effective tax rate 26.1 % 26.1 % — 25.9 % 26.3 % (40 ) SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (In thousands) (Unaudited) March 31 September 30 2026 2025 Cash and cash equivalents $ 157,401 $ 149,162 Trade and other accounts receivable 101,632 116,562 Inventory 986,787 987,575 Other current assets 46,940 48,154 Total current assets 1,292,760 1,301,453 Property and equipment, net 285,335 284,284 Operating lease assets 635,406 646,698 Goodwill and other intangible assets 590,436 593,692 Other assets 49,353 44,969 Total assets $ 2,853,290 $ 2,871,096 Current maturities of long-term debt $ 4,000 $ 4,000 Accounts payable 222,635 224,507 Accrued liabilities 169,800 184,641 Current operating lease liabilities 157,050 158,566 Income taxes payable — 4,260 Total current liabilities 553,485 575,974 Long-term debt, including capital leases 823,051 861,974 Long-term operating lease liabilities 531,987 538,426 Other liabilities 21,080 21,026 Deferred income tax liabilities, net 85,815 79,489 Total liabilities 2,015,418 2,076,889 Total stockholders’ equity 837,872 794,207 Total liabilities and stockholders’ equity $ 2,853,290 $ 2,871,096 Supplemental Schedule 1 SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES Segment Information (In thousands) (Unaudited) Three Months Ended March 31, Six Months Ended March 31, 2026 2025 Percentage Change 2026 2025 Percentage Change Net sales: Sally Beauty Supply ("Sally") $ 521,236 $ 500,575 4.1 % $ 1,052,837 $ 1,026,021 2.6 % Beauty Systems Group ("BSG") 382,146 382,571 (0.1 )% 793,713 795,020 (0.2 )% Total net sales $ 903,382 $ 883,146 2.3 % $ 1,846,550 $ 1,821,041 1.4 % Operating earnings: Sally $ 78,149 $ 77,305 1.1 % $ 156,046 $ 157,179 (0.7 )% BSG 47,368 43,934 7.8 % 101,275 94,403 7.3 % Segment operating earnings 125,517 121,239 3.5 % 257,321 251,582 2.3 % Unallocated expenses (1) 53,586 51,866 3.3 % 109,455 81,889 33.7 % Interest expense 14,165 16,289 (13.0 )% 28,785 33,731 (14.7 )% Earnings before provision for income taxes $ 57,766 $ 53,084 8.8 % $ 119,081 $ 135,962 (12.4 )% Segment gross margin: 2026 2025 Basis Point Change 2026 2025 Basis Point Change Sally 61.3 % 61.2 % 10 60.5 % 60.4 % 10 BSG 40.9 % 39.8 % 110 40.5 % 39.7 % 80 Segment operating margin: Sally 15.0 % 15.4 % (40 ) 14.8 % 15.3 % (50 ) BSG 12.4 % 11.5 % 90 12.8 % 11.9 % 90 Consolidated operating margin 8.0 % 7.9 % 10 8.0 % 9.3 % (130 ) (1) Unallocated expenses, including share-based compensation expense, consist of corporate and shared costs and are included in selling, general and administrative expenses. Additionally, unallocated expenses include costs associated with our Fuel for Growth initiative and a gain from the sale of our corporate headquarters during the six months ended March 31, 2026. Supplemental Schedule 2 SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES Non-GAAP Financial Measures Reconciliations (In thousands, except per share data) (Unaudited) Three Months Ended March 31, 2026 As Reported
(GAAP) Fuel for
Growth (1) Corporate HQ
Relocation (2) As Adjusted (Non-GAAP) Cost of products sold $ 427,610 $ (811 ) $ — $ 426,799 Consolidated gross margin 52.7 % 52.8 % Selling, general and administrative expenses 403,841 (281 ) (19 ) 403,541 SG&A expenses, as a percentage of sales 44.7 % 44.7 % Operating earnings 71,931 1,092 19 73,042 Operating margin 8.0 % 8.1 % Earnings before provision for income taxes 57,766 1,092 19 58,877 Provision for income taxes (4) 15,071 277 5 15,353 Net earnings $ 42,695 $ 815 $ 14 $ 43,524 Earnings per share: (5) Basic $ 0.44 $ 0.01 $ 0.00 $ 0.45 Diluted $ 0.43 $ 0.01 $ 0.00 $ 0.44 Three Months Ended March 31, 2025 As Reported
(GAAP) Fuel for Growth and Other (1) Corporate HQ
Relocation (2) Asset Impairment (3) As Adjusted (Non-GAAP) Cost of products sold $ 424,329 $ — $ — $ — $ 424,329 Consolidated gross margin 52.0 % 52.0 % Selling, general and administrative expenses 389,444 (3,807 ) (207 ) (1,779 ) 383,651 SG&A expenses, as a percentage of sales 44.1 % 43.4 % Operating earnings 69,373 3,807 207 1,779 75,166 Operating margin 7.9 % 8.5 % Earnings before provision for income taxes 53,084 3,807 207 1,779 58,877 Provision for income taxes (4) 13,874 976 53 445 15,348 Net earnings $ 39,210 $ 2,831 $ 154 $ 1,334 $ 43,529 Earnings per share: (5) Basic $ 0.39 $ 0.03 $ 0.00 $ 0.01 $ 0.43 Diluted $ 0.38 $ 0.03 $ 0.00 $ 0.01 $ 0.42 (1) Fuel for Growth and other represents expenses primarily related with our Fuel for Growth program and other non-recurring items. (2) For the three months ended March 31, 2026 and 2025, corporate HQ relocation primarily represents expenses in connection with the relocation of our headquarters. (3) Impairment related to the write-off of certain tradenames used in Europe. (4) The provision for income taxes was calculated using the applicable tax rates for each country, while excluding the tax benefits for countries where the tax benefit is not currently deemed probable of being realized. (5) The sum of the earnings per share may not equal the full amount due to rounding of the calculated amounts. Supplemental Schedule 3 SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES Non-GAAP Financial Measures Reconciliations, Continued (In thousands, except per share data) (Unaudited) Six Months Ended March 31, 2026 As Reported
(GAAP) Fuel for
Growth (1) Corporate HQ
Relocation (2) As Adjusted (Non-GAAP) Cost of products sold $ 887,519 $ (1,718 ) $ — $ 885,801 Consolidated gross margin 51.9 % 52.0 % Selling, general and administrative expenses 811,165 (1,461 ) (1,852 ) 807,852 SG&A expenses, as a percentage of sales 43.9 % 43.7 % Operating earnings 147,866 3,179 1,852 152,897 Operating margin 8.0 % 8.3 % Earnings before provision for income taxes 119,081 3,179 1,852 124,112 Provision for income taxes (4) 30,829 806 476 32,111 Net earnings $ 88,252 $ 2,373 $ 1,376 $ 92,001 Earnings per share: (5) Basic $ 0.91 $ 0.02 $ 0.01 $ 0.95 Diluted $ 0.88 $ 0.02 $ 0.01 $ 0.92 Six Months Ended March 31, 2025 As Reported
(GAAP) Fuel for Growth and Other (1) Corporate HQ
Relocation (2) Asset
Impairment (3) As Adjusted (Non-GAAP) Cost of products sold $ 885,384 $ — $ — $ — $ 885,384 Consolidated gross margin 51.4 % 51.4 % Selling, general and administrative expenses 765,964 (8,676 ) 26,433 (1,779 ) 781,942 SG&A expenses, as a percentage of sales 42.1 % 42.9 % Operating earnings 169,693 8,676 (26,433 ) 1,779 153,715 Operating margin 9.3 % 8.4 % Earnings before provision for income taxes 135,962 8,676 (26,433 ) 1,779 119,984 Provision for income taxes (4) 35,739 2,222 (6,797 ) 444 31,608 Net earnings $ 100,223 $ 6,454 $ (19,636 ) $ 1,335 $ 88,376 Earnings per share: (5) Basic $ 0.98 $ 0.06 $ (0.19 ) $ 0.01 $ 0.87 Diluted $ 0.96 $ 0.06 $ (0.19 ) $ 0.01 $ 0.84 (1) Fuel for Growth and other represents expenses primarily related with our Fuel for Growth program and other non-recurring items. (2) For the six months ended March 31, 2026, corporate HQ relocation primarily represents duplicate rent expense on the new office prior to our relocation from our Denton corporate headquarters. For the six months ended March 31, 2025, corporate HQ relocation primarily represents a $26.6 million gain from the sale of our Denton headquarters and expenses in connection with the relocation of our headquarters. (3) Impairment related to the write-off of a certain tradename used in Europe. (4) The provision for income taxes was calculated using the applicable tax rates for each country, while excluding the tax benefits for countries where the tax benefit is not currently deemed probable of being realized. (5) The sum of the earnings per share may not equal the full amount due to rounding of the calculated amounts. Supplemental Schedule 4 SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES Non-GAAP Financial Measures Reconciliations, Continued (In thousands) (Unaudited) Three Months Ended March 31, Six Months Ended March 31, Adjusted EBITDA: 2026 2025 Percentage Change 2026 2025 Percentage Change Net earnings $ 42,695 $ 39,210 8.9 % $ 88,252 $ 100,223 (11.9 )% Add: Depreciation and amortization 25,280 25,359 (0.3 )% 48,912 50,924 (4.0 )% Interest expense 14,165 16,289 (13.0 )% 28,785 33,731 (14.7 )% Provision for income taxes 15,071 13,874 8.6 % 30,829 35,739 (13.7 )% EBITDA (non-GAAP) 97,211 94,732 2.6 % 196,778 220,617 (10.8 )% Share-based compensation 5,969 4,238 40.8 % 13,524 10,291 31.4 % Fuel for Growth and Other 1,092 3,807 (71.3 )% 3,179 8,676 (63.4 )% Corporate HQ Relocation 19 207 (90.8 )% 1,852 (26,433 ) 107.0 % Asset Impairment — 1,779 (100.0 )% — 1,779 (100.0 )% Adjusted EBITDA (non-GAAP) $ 104,291 $ 104,763 (0.5 )% $ 215,333 $ 214,930 0.2 % Basis Point Change Basis Point Change Adjusted EBITDA as a percentage of net sales Adjusted EBITDA margin 11.5 % 11.9 % (40 ) 11.7 % 11.8 % (10 ) Free Cash Flow: 2026 2025 Percentage Change 2026 2025 Percentage Change Cash flows from operating activities $ 73,280 $ 51,062 43.5 % $ 166,519 $ 84,521 97.0 % Less: Payments for capital expenditures 29,162 18,893 54.4 % 64,946 38,971 66.7 % Plus: Proceeds from sales of property and equipment (1) — — — — 43,574 (100.0 )% Free cash flow (non-GAAP) $ 44,118 $ 32,169 37.1 % $ 101,573 $ 89,124 14.0 % (1) Represents the proceeds from the sale of our corporate headquarters. Supplemental Schedule 5 SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES Store Count and Comparable Sales (Unaudited) As of March 31, 2026 2025 Change Number of stores: Sally 3,079 3,117 (38 ) BSG: Company-operated stores 1,189 1,198 (9 ) Franchise stores 131 131 — Total BSG 1,320 1,329 (9 ) Total consolidated 4,399 4,446 (47 ) Number of BSG salon business consultants (1) 560 632 (72 ) (1) BSG salon business consultants (SBC) include 191 sales consultants employed by our franchisees at March 31, 2026 and 2025. Three Months Ended March 31, Six Months Ended March 31, 2026 2025 Basis Point Change 2026 2025 Basis Point Change Comparable sales growth (decline): Sally 2.5 % (0.3 )% 280 1.3 % 0.8 % 50 BSG (0.3 )% (2.7 )% 240 (0.2 )% (0.6 )% 40 Consolidated 1.3 % (1.3 )% 260 0.6 % 0.2 % 40 Our comparable sales include sales from stores that have been operating for 14 months or longer as of the last day of a month and e-commerce revenue. Additionally, our comparable sales include sales to franchisees and full-service sales. Our comparable sales amounts exclude the effect of changes in foreign exchange rates and sales from stores relocated until 14 months after the relocation. Revenue from acquired stores is excluded from our comparable sales calculation until 14 months after the acquisition. View source version on businesswire.com: https://www.businesswire.com/news/home/20260511500718/en/ Jeff Harkins
Investor Relations
940-297-4131
jharkins@sallybeauty.com Original: Sally Beauty Holdings Reports Second Quarter Fiscal 2026 Results

Sally Beauty Holdings Reports First Quarter Fiscal 2026 ResultsFebruary 9, 2026 6:45 AM
Business Wire

Q1 Consolidated Net Sales Increased 0.6%; Consolidated Comparable Sales Flat

Q1 GAAP Diluted EPS Decreased 22%; Adjusted Diluted EPS Increased 12%

Q1 Cash Flow from Operations of $93 Million Deployed to Invest for Growth, Strengthen Balance Sheet and Return Value to Shareholders

Company Raises Low End of Fiscal 2026 EPS Guidance

Sally Beauty Holdings, Inc. (NYSE: SBH) (the “Company”), the leader in professional hair color, today announced financial results for its first quarter ended December 31, 2025. The Company will hold a conference call today at 7:30 a.m. Central Time to discuss these results and its business.

“Our first quarter performance marks a strong start to fiscal 2026,” said Denise Paulonis, president and chief executive officer. “We achieved top line results that met our expectations, maintained healthy gross margins and delivered adjusted EPS growth of 12% - consistent with our long-term financial algorithm. Our robust cash flow from operations enabled us to invest for growth, reduce debt and return value to shareholders. We also made continued progress on our strategic initiatives designed to accelerate growth and increase profitability.”

Fiscal 2026 First Quarter Summary

Consolidated net sales of $943 million, an increase of 0.6% compared to the prior year;

Consolidated comparable sales were flat;

Global e-commerce sales of $111 million, representing 11.7% of net sales;

GAAP gross margin expansion of 40 basis points to 51.2%;

Adjusted Gross Margin expansion of 50 basis points to 51.3%;

GAAP selling, general and administrative expenses of $407 million, an increase of $31 million compared to the prior year;

Adjusted Selling, General and Administrative Expenses of $404 million, an increase of $6 million compared to the prior year;

GAAP operating earnings of $76 million and GAAP operating margin of 8.1%;

Adjusted Operating Earnings of $80 million and Adjusted Operating Margin of 8.5%;

GAAP diluted net earnings per share of $0.45, a decrease of 22% compared to the prior year;

Adjusted Diluted Net Earnings Per Share of $0.48, an increase of 12% compared to the prior year;

Cash flow from operations of $93 million and Free Cash Flow of $57 million; and

Completed $20 million in term loan repayment and $21 million in share repurchases.

Balance Sheet and Cash Flow

As of December 31, 2025, the Company had cash and cash equivalents of $157 million and no outstanding borrowings under its asset-based revolving line of credit. At fiscal year-end, inventory was $979 million, down 2.7% versus a year ago.

First quarter cash flow from operations was $93 million and Free Cash Flow totaled $57 million. During the first quarter, the Company utilized its cash flow to repay $20 million of term loan B debt and repurchase 1.4 million shares under its share repurchase program at an aggregate cost of $21 million. The Company ended the first quarter with a net debt leverage ratio of 1.5x.

Fiscal 2026 First Quarter Segment Results

Sally Beauty

Beauty Systems Group

(In thousands, except percentages)

Q1 FY26
Q1 FY25
Growth/(Decline)

Q1 FY26
Q1 FY25
Growth/(Decline)

Net Sales

$

531,601

$

525,446

1.2

%

$

411,567

$

412,449

(0.2

)%

Comparable Sales Growth/(Decline)

0.1

%

1.7

%

(160) bps

(0.2

)%

1.4

%

(160) bps

Gross Margin

59.8

%

59.6

%

20 bps

40.2

%

39.7

%

50 bps

Operating Earnings

$

77,897

$

79,874

(2.5

)%

$

53,907

$

50,469

6.8

%

Operating Margin

14.7

%

15.2

%

(50) bps

13.1

%

12.2

%

90 bps

Fiscal Year 2026 Guidance*

Second Quarter

Consolidated Net Sales

$895 million to $905 million (1)

Comparable Sales

Up 0.5% to 1.5%

Adjusted Operating Earnings

$68 million to $71 million

Adjusted Diluted EPS

$0.39 to $0.42

(1) Assumes approximately 100 basis points of favorable impact from expected foreign currency rates

Full Year
Prior FY26 Guidance
Updated FY26 Guidance

Consolidated Net Sales
$3.71 billion to $3.77 billion (1)
No change

Comparable Sales
Flat to up 1%
No change

Adjusted Operating Earnings
$328 million to $342 million
No change

Adjusted Diluted EPS
$2.00 to $2.10 (2)
$2.02 to $2.10 (2)

Capital Expenditures
Approximately $100 million
No change

Free Cash Flow
Approximately $200 million
No change

(1) Assumes approximately 50 basis points of favorable impact from expected foreign currency rates

(2) Assumes 50% of Free Cash Flow goes towards share repurchases (Free Cash Flow defined as GAAP cash flows from operating activities less payments for capital expenditures)

*

The Company does not provide a reconciliation for forward-looking non-GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of its reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of the Company’s control or cannot be reasonably predicted. For the same reasons, the Company is unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.

Conference Call and Where You Can Find Additional Information

The Company will hold a conference call and live webcast at approximately 7:30 a.m. Central Time today, February 9, 2026, to discuss its financial results and its business. During the conference call, the Company may discuss and answer one or more questions concerning business and financial matters and trends affecting the Company. The Company’s responses to these questions, as well as other matters discussed during the conference call, may contain or constitute material information that has not been previously disclosed.

Participants can listen to the live webcast of the conference call by accessing the investor relations section of the Company’s website at sallybeautyholdings.com/investor-relations/events-and-presentations/events-calendar, or through our third-party host at SBH Q1 Earnings Webcast. To join the conference call, participants can pre-register to receive a dial-in number and unique PIN using the following link: Pre-register SBH Q1 Earnings Call. Pre-registration can be completed at any time up to and following the call start time.

A replay will be available on the Company’s investor relations website after 10:00 a.m. Central Time on February 9, 2026, through February 9, 2027.

About Sally Beauty Holdings, Inc.

Sally Beauty Holdings, Inc. (NYSE: SBH), as the leader in professional hair color, sells and distributes professional beauty supplies globally through its Sally Beauty and Beauty Systems Group segments. Sally Beauty stores offer up to 7,000 products for hair color, hair care, nails, and skin care through proprietary brands such as Ion®, Bondbar®, Strawberry Leopard®, Generic Value Products®, Inspired by Nature® and Silk Elements® as well as professional lines such as Wella®, Clairol®, OPI®, L’Oreal®, Wahl® and Babyliss Pro®. Beauty Systems Group stores, branded as Cosmo Prof® or Armstrong McCall® stores, along with its outside sales consultants, sell up to 8,000 professionally branded products including Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico®, Amika® and Moroccanoil®, intended for use in salons and for resale by salons to retail consumers. For more information about Sally Beauty Holdings, Inc., please visit sallybeautyholdings.com/investor-relations.

Cautionary Notice Regarding Forward-Looking Statements

Statements in this news release and the schedules hereto that are not purely historical facts or that depend upon future events may be forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be identified by the use of words such as “believes,” “projects,” “expects,” “can,” “may,” “estimates,” “should,” “plans,” “targets,” “intends,” “could,” “will,” “would,” “anticipates,” “potential,” “confident,” “optimistic,” or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, guidance, expectations and future plans. Forward-looking statements can also be identified by the fact that these statements do not relate strictly to historical or current matters.

Readers are cautioned not to place undue reliance on forward-looking statements as such statements speak only as of the date they were made. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including the “Risk Factors” described under Item 1A of our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, and other filings with the U.S. Securities and Exchange Commission. Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein. We assume no obligation to publicly update or revise any forward-looking statements.

Use of Non-GAAP Financial Measures

This news release and the schedules hereto include the following financial measures that have not been calculated in accordance with accounting principles generally accepted in the United States, (“GAAP”), and are therefore referred to as non-GAAP financial measures: (1) Adjusted Gross Margin; (2) Adjusted Selling, General and Administrative Expenses; (3) Adjusted EBITDA and EBITDA Margin; (4) Adjusted Operating Earnings and Operating Margin; (5) Adjusted Net Earnings; (6) Adjusted Diluted Net Earnings Per Share; and (7) Free Cash Flow. We have provided definitions below for these non-GAAP financial measures and have provided tables in the schedules hereto to reconcile these non-GAAP financial measures to the comparable GAAP financial measures.

Adjusted Gross Margin – We define the measure Adjusted Gross Margin as GAAP gross margin excluding the inventory write-off from the Company’s European operations in connection with the fuel for growth initiative for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures.

Adjusted Selling, General and Administrative Expenses – We define the measure Adjusted Selling, General and Administrative Expenses as GAAP selling, general and administrative expenses excluding the costs related to the Company’s fuel for growth initiative and expenses related to the Company’s corporate headquarters relocation for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures.

Adjusted EBITDA and EBITDA Margin – We define the measure Adjusted EBITDA as GAAP net earnings before depreciation and amortization, interest expense, income taxes, share-based compensation, costs related to the Company’s fuel for growth initiative and expenses related to the Company’s corporate headquarters relocation for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures. Adjusted EBITDA Margin is Adjusted EBITDA as a percentage of net sales.

Adjusted Operating Earnings and Operating Margin – Adjusted operating earnings are GAAP operating earnings that exclude the costs related to the Company’s fuel for growth initiative and expenses related to the Company’s corporate headquarters relocation for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures. Adjusted Operating Margin is Adjusted Operating Earnings as a percentage of net sales.

Adjusted Net Earnings – Adjusted net earnings is GAAP net earnings that exclude the tax-effected costs related to the Company’s fuel for growth initiative and tax-effected expenses related to the Company’s corporate headquarters relocation for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures.

Adjusted Diluted Net Earnings Per Share – Adjusted diluted net earnings per share is GAAP diluted earnings per share that exclude the tax-effected costs related to the Company’s fuel for growth initiative and tax-effected expenses related to the Company’s corporate headquarters relocation for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures.

Free Cash Flow – We define the measure Free Cash Flow as GAAP net cash provided by operating activities less payments for capital expenditures (net). We believe Free Cash Flow is an important liquidity measure that provides useful information to investors about the amount of cash generated from operations after taking into account payments for capital expenditures (net).

We believe that these non-GAAP financial measures provide valuable information regarding our earnings and business trends by excluding specific items that we believe are not indicative of the ongoing operating results of our businesses, providing a useful way for investors to make a comparison of our performance over time and against other companies in our industry.

We have provided these non-GAAP financial measures as supplemental information to our GAAP financial measures and believe these non-GAAP measures provide investors with additional meaningful financial information regarding our operating performance and cash flows. Our management and Board of Directors also use these non-GAAP measures as supplemental measures to evaluate our businesses and the performance of management, including the determination of performance-based compensation, to make operating and strategic decisions, and to allocate financial resources. We believe that these non-GAAP measures also provide meaningful information for investors and securities analysts to evaluate our historical and prospective financial performance. These non-GAAP measures should not be considered a substitute for or superior to GAAP results. Furthermore, the non-GAAP measures presented by us may not be comparable to similarly titled measures of other companies.

Supplemental Schedules

Segment Information

1

Non-GAAP Financial Measures Reconciliations

2

Non-GAAP Financial Measures Reconciliations; Adjusted EBITDA and

Free Cash Flow

3

Store Count and Comparable Sales

4

SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Earnings

(In thousands, except per share data)

(Unaudited)

Three Months Ended December 31,

2025

2024

Percentage Change

Net sales

$

943,168

$

937,895

0.6

%

Cost of products sold

459,909

461,055

(0.2

)%

Gross profit

483,259

476,840

1.3

%

Selling, general and administrative expenses

407,324

376,520

8.2

%

Operating earnings

75,935

100,320

(24.3

)%

Interest expense

14,620

17,442

(16.2

)%

Earnings before provision for income taxes

61,315

82,878

(26.0

)%

Provision for income taxes

15,758

21,865

(27.9

)%

Net earnings

$

45,557

$

61,013

(25.3

)%

Earnings per share:

Basic

$

0.47

$

0.60

(21.7

)%

Diluted

$

0.45

$

0.58

(22.4

)%

Weighted average shares:

Basic

97,804

102,021

Diluted

100,765

104,974

Basis Point Change

Comparison as a percentage of net sales

Consolidated gross margin

51.2

%

50.8

%

40

Selling, general and administrative expenses

43.2

%

40.1

%

310

Consolidated operating margin

8.1

%

10.7

%

(260

)

Effective tax rate

25.7

%

26.4

%

(70

)

SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets

(In thousands)

(Unaudited)

December 31

September 30

2025

2025

Cash and cash equivalents

$

157,185

$

149,162

Trade and other accounts receivable

104,267

116,562

Inventory

978,789

987,575

Other current assets

45,444

48,154

Total current assets

1,285,685

1,301,453

Property and equipment, net

280,350

284,284

Operating lease assets

642,276

646,698

Goodwill and other intangible assets

593,929

593,692

Other assets

48,538

44,969

Total assets

$

2,850,778

$

2,871,096

Current maturities of long-term debt

$

4,000

$

4,000

Accounts payable

208,481

224,507

Accrued liabilities

158,576

184,641

Current operating lease liabilities

157,102

158,566

Income taxes payable

14,011

4,260

Total current liabilities

542,170

575,974

Long-term debt, including capital leases

842,531

861,974

Long-term operating lease liabilities

537,594

538,426

Other liabilities

21,985

21,026

Deferred income tax liabilities, net

82,933

79,489

Total liabilities

2,027,213

2,076,889

Total stockholders’ equity

823,565

794,207

Total liabilities and stockholders’ equity

$

2,850,778

$

2,871,096

Supplemental Schedule 1

SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES

Segment Information

(In thousands)

(Unaudited)

Three Months Ended December 31,

2025

2024

Percentage

Change

Net sales:

Sally Beauty Supply ("Sally")

$

531,601

$

525,446

1.2

%

Beauty Systems Group ("BSG")

411,567

412,449

(0.2

)%

Total net sales

$

943,168

$

937,895

0.6

%

Operating earnings:

Sally

$

77,897

$

79,874

(2.5

)%

BSG

53,907

50,469

6.8

%

Segment operating earnings

131,804

130,343

1.1

%

Unallocated expenses (1)

55,869

30,023

86.1

%

Interest expense

14,620

17,442

(16.2

)%

Earnings before provision for income taxes

$

61,315

$

82,878

(26.0

)%

Segment gross margin:

2025

2024

Basis Point Change

Sally

59.8

%

59.6

%

20

BSG

40.2

%

39.7

%

50

Segment operating margin:

Sally

14.7

%

15.2

%

(50

)

BSG

13.1

%

12.2

%

90

Consolidated operating margin

8.1

%

10.7

%

(260

)

(1) Unallocated expenses, including share-based compensation expense, consist of corporate and shared costs and are included in selling, general and administrative expenses. Additionally, unallocated expenses include costs associated with our Fuel for Growth initiative and a gain from the sale of our corporate headquarters during the three months ended December 31, 2024.

Supplemental Schedule 2

SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES

Non-GAAP Financial Measures Reconciliations

(In thousands, except per share data)

(Unaudited)

Three Months Ended December 31, 2025

As Reported
(GAAP)

Fuel for Growth and Other (1)

Corporate HQ
Relocation (2)

As Adjusted
(Non-GAAP)

Cost of products sold

$

459,909

$

(907

)

$

—

$

459,002

Consolidated gross margin

51.2

%

51.3

%

Selling, general and administrative expenses

407,324

(1,180

)

(1,833

)

404,311

SG&A expenses, as a percentage of sales

43.2

%

42.9

%

Operating earnings

75,935

2,087

1,833

79,855

Operating margin

8.1

%

8.5

%

Interest expense

14,620

—

—

14,620

Earnings before provision for income taxes

61,315

2,087

1,833

65,235

Provision for income taxes (3)

15,758

529

471

16,758

Net earnings

$

45,557

$

1,558

$

1,362

$

48,477

Earnings per share: (4)

Basic

$

0.47

$

0.02

$

0.01

$

0.50

Diluted

$

0.45

$

0.02

$

0.01

$

0.48

Three Months Ended December 31, 2024

As Reported
(GAAP)

Fuel for Growth and Other (1)

Corporate HQ
Relocation (2)

As Adjusted
(Non-GAAP)

Cost of products sold

$

461,055

$

—

$

—

$

461,055

Consolidated gross margin

50.8

%

50.8

%

Selling, general and administrative expenses

376,520

(4,869

)

26,640

398,291

SG&A expenses, as a percentage of sales

40.1

%

42.5

%

Operating earnings

100,320

4,869

(26,640

)

78,549

Operating margin

10.7

%

8.4

%

Interest expense

17,442

—

—

17,442

Earnings before provision for income taxes

82,878

4,869

(26,640

)

61,107

Provision for income taxes (3)

21,865

1,247

(6,851

)

16,261

Net earnings

$

61,013

$

3,622

$

(19,789

)

$

44,846

Earnings per share: (4)

Basic

$

0.60

$

0.04

$

(0.19

)

$

0.44

Diluted

$

0.58

$

0.03

$

(0.19

)

$

0.43

(1) Fuel for Growth and other represents expenses primarily related expenses associated with our Fuel for Growth program and other non-recurring items.

(2) For the three months ended December 31, 2025, corporate HQ relocation primarily represents duplicate rent expense on the new office prior to our relocation from our Denton corporate headquarters and expenses in connection with the relocation of our headquarters. For the three months ended December 31, 2024, corporate HQ relocation primarily represents the gain on the sale of our Denton corporate headquarters and certain assets within.

(3) The provision for income taxes was calculated using the applicable tax rates for each country, while excluding the tax benefits for countries where the tax benefit is not currently deemed probable of being realized.

(4) The sum of the earnings per share may not equal the full amount due to rounding of the calculated amounts.

Supplemental Schedule 3

SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES

Non-GAAP Financial Measures Reconciliations, Continued

(In thousands)

(Unaudited)

Three Months Ended December 31,

Adjusted EBITDA:

2025

2024

Percentage

Change

Net earnings

$

45,557

$

61,013

(25.3

)%

Add:

Depreciation and amortization

23,632

25,565

(7.6

)%

Interest expense

14,620

17,442

(16.2

)%

Provision for income taxes

15,758

21,865

(27.9

)%

EBITDA (non-GAAP)

99,567

125,885

(20.9

)%

Share-based compensation

7,555

6,053

24.8

%

Fuel for Growth and Other

2,087

4,869

(57.1

)%

Corporate HQ Relocation

1,833

(26,640

)

106.9

%

Adjusted EBITDA (non-GAAP)

$

111,042

$

110,167

0.8

%

Basis Point
Change

Adjusted EBITDA as a percentage of net sales

Adjusted EBITDA margin

11.8

%

11.7

%

10

Free Cash Flow:

2025

2024

Percentage Change

Cash flows from operating activities

$

93,239

$

33,459

178.7

%

Less:Payments for capital expenditures

35,784

20,078

78.2

%

Plus:Proceeds from sales of property and equipment (1)

—

43,574

—

Free cash flow (non-GAAP)

$

57,455

$

56,955

0.9

%

(1) Represents the proceeds from the sale of our corporate headquarters.

Supplemental Schedule 4

SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES

Store Count and Comparable Sales

(Unaudited)

As of December 31,

2025

2024

Change

Number of stores:

Sally

3,090

3,123

(33

)

BSG:

Company-operated stores

1,194

1,199

(5

)

Franchise stores

131

131

—

Total BSG

1,325

1,330

(5

)

Total consolidated

4,415

4,453

(38

)

Number of BSG salon business consultants (1)

590

639

(49

)

(1) BSG salon business consultants (SBC) include 182 and 191 sales consultants employed by our franchisees at December 31, 2025 and 2024, respectively.

Three Months Ended December 31,

2025

2024

Basis Point
Change

Comparable sales growth (decline):

Sally

0.1

%

1.7

%

(160

)

BSG

(0.2

)%

1.4

%

(160

)

Consolidated

0.0

%

1.6

%

(160

)

Our comparable sales include sales from stores that have been operating for 14 months or longer as of the last day of a month and e-commerce revenue. Additionally, our comparable sales include sales to franchisees and full-service sales. Our comparable sales amounts exclude the effect of changes in foreign exchange rates and sales from stores relocated until 14 months after the relocation. Revenue from acquired stores is excluded from our comparable sales calculation until 14 months after the acquisition.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260209107164/en/
Jeff Harkins

Investor Relations

940-297-4131

jharkins@sallybeauty.com

Original: Sally Beauty Holdings Reports First Quarter Fiscal 2026 Results