Sally Beauty Holdings (SBH) Company Report

SBH reported strong Q4 and full-year 2025 results, with Q4 adjusted diluted EPS increasing 10% to $0.55 and full-year adjusted diluted EPS growing 12% to $1.90 on $3.7 billion in revenue.
The company provided fiscal year 2026 guidance, expecting consolidated net sales between $3.71 billion and $3.77 billion and adjusted diluted EPS in the range of $2.00-$2.10.
SBH introduced long-term financial targets through fiscal year 2028, projecting annual net sales growth of 1%-3%, adjusted operating earnings growth of 3%-5%, and adjusted diluted EPS growth of at least 10%.
The "Fuel for Growth" program generated $46 million in incremental benefits in fiscal 2025, bringing cumulative run rate benefits to $74 million, with an expectation to reach $120 million by the end of fiscal 2026.
The company demonstrated strong capital allocation, generating $275 million in operating cash flow and $216 million in free cash flow in FY2025, which supported $119 million in debt paydown and over $50 million in share repurchases.

Nov 13, 2025, 1:30 PM

SBH Reports Strong Q4 and Full-Year 2025 Results, Provides FY 2026 and Long-Term Guidance

SBH

Earnings

Guidance Update

Share Buyback

Sally Beauty Holdings (SBH) reported strong Q4 2025 results, with consolidated net sales increasing 1.3% to $947 million and adjusted diluted earnings per share (EPS) growing 10% to $0.55. For the full fiscal year 2025, the company achieved $3.7 billion in revenue and adjusted diluted EPS of $1.90, representing 12% growth.
The Fuel for Growth program delivered $46 million in incremental pre-tax benefits in FY 2025, accumulating $74 million in run rate benefits since its inception. The company expects an additional $45 million in run rate savings in fiscal 2026, targeting $120 million in cumulative run rate savings by the end of FY 2026.
For fiscal year 2026, SBH projects consolidated net sales between $3.71 billion and $3.77 billion, comparable sales to be flat to up 1%, and adjusted diluted EPS in the range of $2.00 to $2.10.
Looking ahead to fiscal year 2028, the company introduced long-range targets including annual net sales growth of 1%-3%, adjusted operating earnings growth of 3%-5%, and adjusted diluted EPS growth of at least 10%, with approximately 50% of free cash flow allocated to share repurchases.

Nov 13, 2025, 1:30 PM

Sally Beauty Holdings Reports Strong Q4 and Full Year 2025 Results, Provides FY26 Guidance and Long-Range Targets

SBH

Earnings

Guidance Update

Share Buyback

Sally Beauty Holdings (SBH) reported strong Q4 2025 results, with comparable sales growth of 1.3%, gross margin expanding 100 basis points to 52.2%, and adjusted diluted EPS increasing 10% to $0.55. For the full fiscal year 2025, the company delivered $3.7 billion in revenue, positive comparable sales, and adjusted diluted EPS of $1.90, representing 12% growth.
The Fuel for Growth program generated an incremental $46 million in benefits in fiscal 2025, bringing cumulative run rate benefits to $74 million, exceeding the original expectation of $70 million. The company expects cumulative run rate savings to reach approximately $120 million by the end of fiscal 2026.
In fiscal 2025, SBH generated $275 million in operating cash flow and $216 million in free cash flow, which was used to repay nearly $120 million of term loan debt and repurchase over $50 million of shares. The net debt leverage ratio at year-end was 1.6 times.
For fiscal year 2026, SBH provided guidance including consolidated net sales in the range of $3.71 billion-$3.77 billion, comparable sales flat to up 1%, and adjusted diluted EPS in the range of $2-$2.10 per share.
The company also introduced long-range financial targets for the three-year planning horizon ending fiscal 2028, expecting annual net sales growth of 1%-3%, adjusted operating earnings growth of 3%-5%, and adjusted diluted EPS growth of at least 10%.

Nov 13, 2025, 1:30 PM

Sally Beauty Holdings, Inc. Announces Q4 and Full Year Fiscal 2025 Results and Fiscal 2026 Guidance

SBH

Earnings

Guidance Update

Share Buyback

Sally Beauty Holdings, Inc. reported Q4 2025 consolidated net sales of $947 million, an increase of 1.3%, and adjusted diluted EPS of $0.55, up 10% over the prior year.
For the full fiscal year 2025, consolidated net sales were $3.70 billion, a decrease of 0.4%, while adjusted diluted EPS increased 12% to $1.90.
The company generated $275 million in cash flow from operations and $216 million in free cash flow for fiscal year 2025, using these funds for $119 million in term loan repayments and $53 million in share repurchases.
Sally Beauty Holdings, Inc. provided fiscal year 2026 guidance, projecting consolidated net sales between $3.71 billion and $3.77 billion and adjusted diluted EPS between $2.00 and $2.10.

Nov 13, 2025, 11:45 AM

Sally Beauty Holdings Reports Q4 and Full Year Fiscal 2025 Results, Provides FY2026 Guidance

SBH

Earnings

Guidance Update

Share Buyback

Sally Beauty Holdings reported a 1.3% increase in consolidated net sales to $947 million and a 10% increase in adjusted diluted EPS to $0.55 for the fourth quarter ended September 30, 2025.
For the full fiscal year 2025, consolidated net sales were $3.70 billion, a 0.4% decrease from the prior year, while adjusted diluted EPS increased 12% to $1.90.
The company generated $275 million in cash flow from operations and $216 million in free cash flow for fiscal year 2025, utilizing $119 million for term loan repayments and $53 million for share repurchases.
For fiscal year 2026, Sally Beauty Holdings expects consolidated net sales between $3.71 billion and $3.77 billion and adjusted diluted EPS between $2.00 and $2.10.