Revenue: As of FY2026 Q1, the actual value is USD 943.17 M, beating the estimate of USD 940.15 M.EPS: As of FY2026 Q1, the actual value is USD 0.45, missing the estimate of USD 0.465.EBIT: As of FY2026 Q1, the actual value is USD 75.94 M.<h3>Fiscal 2026 First Quarter Summary (Three Months Ended December 31, 2025)</h3><h4>Consolidated Operational Metrics</h4><ul><li>Consolidated comparable sales were flat .</li><li>Global e-commerce sales reached $111 million, representing 11.7% of net sales .</li><li>GAAP gross margin was 51.2%, an expansion of 40 basis points .</li><li>Adjusted Gross Margin was 51.3%, expanding by 50 basis points .</li><li>GAAP selling, general and administrative expenses totaled $407 million, an increase of $31 million compared to the prior year .</li><li>Adjusted Selling, General and Administrative Expenses were $404 million, an increase of $6 million compared to the prior year .</li><li>GAAP operating earnings were $76 million, with a GAAP operating margin of 8.1% .</li><li>Adjusted Operating Earnings were $80 million, with an Adjusted Operating Margin of 8.5% .</li><li>Adjusted EBITDA was $111,042 thousand, an increase of 0.8% compared to $110,167 thousand in the prior year .</li><li>Adjusted EBITDA margin was 11.8%, an increase of 10 basis points compared to 11.7% in the prior year .</li></ul><h4>Cash Flow</h4><ul><li>Cash flow from operations was $93 million .</li><li>Free Cash Flow was $57 million .</li></ul><h3>Segment Results (Three Months Ended December 31, 2025 vs. 2024)</h3><h4>Sally Beauty (Sally)</h4><ul><li>Segment Revenue: Net Sales were $531,601 thousand in 2025, up 1.2% from $525,446 thousand in 2024 .</li><li>Operational Metrics:<ul><li>Comparable Sales Growth was 0.1% in 2025, a change of -160 basis points from 1.7% in 2024 .</li><li>Gross Margin was 59.8% in 2025, an increase of 20 basis points from 59.6% in 2024 .</li><li>Operating Earnings were $77,897 thousand in 2025, a decrease of -2.5% from $79,874 thousand in 2024 .</li><li>Operating Margin was 14.7% in 2025, a decrease of -50 basis points from 15.2% in 2024 .</li></ul></li><li>Unique Metrics: The number of stores was 3,090 as of December 31, 2025, a decrease of 33 stores from 2024 .</li></ul><h4>Beauty Systems Group (BSG)</h4><ul><li>Segment Revenue: Net Sales were $411,567 thousand in 2025, down -0.2% from $412,449 thousand in 2024 .</li><li>Operational Metrics:<ul><li>Comparable Sales Growth was -0.2% in 2025, a change of -160 basis points from 1.4% in 2024 .</li><li>Gross Margin was 40.2% in 2025, an increase of 50 basis points from 39.7% in 2024 .</li><li>Operating Earnings were $53,907 thousand in 2025, an increase of 6.8% from $50,469 thousand in 2024 .</li><li>Operating Margin was 13.1% in 2025, an increase of 90 basis points from 12.2% in 2024 .</li></ul></li><li>Unique Metrics:<ul><li>Company-operated stores totaled 1,194 as of December 31, 2025, a decrease of 5 stores from 2024 .</li><li>Franchise stores remained unchanged at 131 as of December 31, 2025 .</li><li>Total BSG stores were 1,325 as of December 31, 2025, a decrease of 5 stores from 2024 .</li><li>The number of BSG salon business consultants was 590 as of December 31, 2025, a decrease of 49 from 2024 .</li></ul></li></ul><h3>Balance Sheet Highlights (As of December 31, 2025)</h3><ul><li>Cash and cash equivalents were $157,185 thousand .</li><li>Inventory was $978,789 thousand, down 2.7% versus a year ago .</li><li>Total current assets amounted to $1,285,685 thousand .</li><li>Total assets were $2,850,778 thousand .</li><li>Total current liabilities were $542,170 thousand .</li><li>Long-term debt, including capital leases, stood at $842,531 thousand .</li><li>Total liabilities were $2,027,213 thousand .</li><li>Total stockholders’ equity was $823,565 thousand .</li><li>The net debt leverage ratio was 1.5x .</li></ul><h3>Cash Flow Activities</h3><ul><li>莎莉美容 (Sally Beauty Holdings, Inc.) repaid $20 million in term loan B debt .</li><li>The company repurchased 1.4 million shares at an aggregate cost of $21 million .</li></ul><h3>Fiscal Year 2026 Guidance</h3>For the second quarter, 莎莉美容 (Sally Beauty Holdings, Inc.) expects consolidated net sales between $895 million to $905 million, with comparable sales projected to be up 0.5% to 1.5% and adjusted operating earnings between $68 million to $71 million . The company maintains its full-year fiscal 2026 outlook for consolidated net sales, comparable sales, and adjusted operating earnings . Additionally, capital expenditures are estimated at approximately $100 million and free cash flow at approximately $200 million for the full year .

Sally Beauty | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 943.17 M