Sally Beauty Holdings Reports Third Quarter Fiscal 2023 Results; Maintains Full Year Sales Guidance and Updates Operating Margin Outlook to High End of Previous Range
The Company was operating 352 fewer stores at the end of the quarter compared to the prior year.
- The Company was operating 352 fewer stores at the end of the quarter compared to the prior year.
- Foreign currency translation had a favorable impact of 20 basis points on consolidated net sales for the quarter.
- At constant currency, global e-commerce sales increased 3% compared to the prior year to $83 million or 8.9% of consolidated net sales for the quarter.
- The Company is updating its full fiscal year 2023 guidance by revising its Adjusted Operating Margin to the higher end of the original guidance.