48 Million Cash Flow From Operations 10 Million Share Repurchases

Sally Beauty Holdings Reports Strong Q3 Results

$48 Million Cash Flow from Operations, $10 Million Share Repurchases

PRESS RELEASE

DENTON, Texas--(BUSINESS WIRE)--Aug. 8, 2024-- Sally Beauty Holdings Inc. (NYSE: SBH) today reported financial results for its third quarter ended July 28, 2024.

"We are pleased with our third quarter performance, which reflects the strength of our business and the execution of our strategic initiatives," said Jeff Harkins, President and Chief Executive Officer. "Our focus on providing professional beauty products and services to our customers continues to drive our growth."

Key financial highlights for the third quarter include:

• Net sales were $940.3 million, an increase of 3.2% compared to the prior year period.
• Comparable sales increased 2.5%.
• Gross profit was $488.9 million, an increase of 0.9% compared to the prior year period.
• Net income was $56.9 million, compared to $58.4 million in the prior year period.
• Diluted earnings per share were $0.77, compared to $0.81 in the prior year period.
• Generated $48 million in cash flow from operations.
• Executed $10 million in share repurchases.

Sally Beauty Holdings will host a conference call to discuss its third quarter results on August 8, 2024 at 8:30 AM ET. The conference call can be accessed by dialing (877) 407-9039 or (201) 493-6725. A replay of the conference call will be available on the company's website.

About Sally Beauty Holdings Inc.

Sally Beauty Holdings Inc. (NYSE: SBH) is a global leader in the professional beauty industry. Through its Sally Beauty Supply and Beauty Systems Group businesses, the Company sells and distributes a wide range of professional beauty products, including hair care, skin care, nails, cosmetics and tools to both retail consumers and salon professionals. The Company operates over 5,000 stores in 30 countries worldwide.