---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-063339"
form_type: "8-K"
ticker: "SBH"
cik: "0001368458"
company_name: "Sally Beauty Holdings, Inc."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:17:14.834005+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sally Beauty Q4 net sales down 4.3%; adj EPS $0.42; guides FY2024 flat

## Summary
- Q4 net sales $921M (-4.3% YoY); consolidated comp sales down 1.6%.
- GAAP gross margin 50.6% (+240bps); adj gross margin up 50bps to 50.6%.
- Adjusted EPS $0.42 vs $0.50 prior year; operating cash flow $117M.
- Beauty Systems Group acquired Goldwell of New York assets for $9M; expected 1% sales lift in BSG in FY2024.
- FY2024 guidance: net sales/comp sales flat; adj operating margin ≥9.0%; operating cash flow ≥$260M.

## SEC filing metadata
- accession: 0000950170-23-063339
- form_type: 8-K
- ticker: SBH
- cik: 0001368458
- company_name: Sally Beauty Holdings, Inc.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1368458/000095017023063339/0000950170-23-063339-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1368458/000095017023063339/sbh-20231114.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-063339
- JSON: https://secwatch.observer/filing/0000950170-23-063339.json
- Plain text: https://secwatch.observer/filing/0000950170-23-063339.txt

## Key facts
- Earnings Releases
  Sally Beauty Holdings, Inc. reported full year ended September 30, 2023 results: EPS $1.69.
  - Period: full year ended September 30, 2023
  - EPS: $1.69
  - Result: reported results
  source text: Consolidated net sales of $3.73 billion, a decrease of 2.3% compared to the prior year, primarily driven by the Company’s store optimization plan;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368458/000095017023063339/0000950170-23-063339-index.htm
- Earnings Releases
  Sally Beauty Holdings, Inc. reported full year ended September 30, 2023 results: EPS $1.69.
  - Period: full year ended September 30, 2023
  - EPS: $1.69
  - Result: reported results
  source text: GAAP diluted net earnings per share of $1.69 and Adjusted Diluted Net Earnings Per Share of $1.83;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368458/000095017023063339/0000950170-23-063339-index.htm
- Earnings Releases
  Sally Beauty Holdings, Inc. reported fourth quarter ended September 30, 2023 results: EPS $0.39.
  - Period: fourth quarter ended September 30, 2023
  - EPS: $0.39
  - Result: reported results
  source text: Consolidated net sales of $921 million, a decrease of 4.3% compared to the prior year;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368458/000095017023063339/0000950170-23-063339-index.htm
- Earnings Releases
  Sally Beauty Holdings, Inc. reported fourth quarter ended September 30, 2023 results: EPS $0.39.
  - Period: fourth quarter ended September 30, 2023
  - EPS: $0.39
  - Result: reported results
  source text: GAAP diluted net earnings per share of $0.39 and Adjusted Diluted Net Earnings Per Share of $0.42;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368458/000095017023063339/0000950170-23-063339-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.