Sally Beauty Holdings Inc. (NYSE: SBH) saw its stock price surge 9.91% in pre-market trading on Thursday, as the beauty products retailer reported solid first-quarter fiscal 2025 earnings results that met Wall Street's expectations.
For the quarter ended December 31, 2024, Sally Beauty reported revenue of $937.9 million, in line with analysts' estimates of $941.8 million. The company's adjusted earnings per share of $0.43 also matched consensus expectations.
The strong results were driven by continued momentum across both the company's Sally Beauty Supply and Beauty Systems Group segments. Consolidated comparable sales increased 1.6%, reflecting growth in hair color and digital marketplaces at Sally Beauty Supply as well as expanded distribution and innovation at Beauty Systems Group.
Sally Beauty reaffirmed its full-year guidance for flat to 2% comparable sales growth and adjusted operating margin between 8.5% and 9%. The company expects consolidated net sales to be approximately 100 basis points lower than comparable sales due to unfavorable foreign exchange rates.
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