Sally Beauty backs FY24 revenue view ‘approximately flat’

FY24 consensus $3.71B. The company is maintaining its full year guidance as follows: The Company expects net sales and comparable sales to be approximately flat compared to the prior year; Gross Margin is expected to be in the range of 50.5% to 51.0%; Adjusted Operating Margin is expected to be approximately 8.5%; Operating Cash Flow is expected to be approximately $240 million; and Capital expenditures are expected to be approximately $100 million.