Sally Beauty Holdings Inc
- Sally Beauty Holdings jumped 17.7% to $9.59 after the specialty retailer reported a slight decline in quarterly revenue.
Revenue in the fiscal fourth quarter ending in September declined 4.3% to $921 million, and comparable sales fell 1.6% from a year ago.
Net income increased to $42.5 million from $21.3 million, and diluted earnings per share rose to 39 cents from 20 cents a year ago.
Revenue in the fiscal year 2023 declined 2.3% to $3.7 billion from $3.8 billion, net income increased to $184.5 million from $183.5 million, and diluted earnings per share edged up to $1.69 from $1.66 a year ago.
The retailer estimated fiscal 2024 net sales and comparable sales to be flat from the previous year and gross margins above 50%.
Nov 14, 2023
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