Sally Beauty Holdings, Inc. provided earnings guidance for the first quarter of fiscal year 2024. The company expects first quarter net sales to be down 2% to 4% and comparable sales to be approximately flat to down 2%, with net sales reflecting about 200 basis points of headwind from store closures. The impact of the closures on top line, taken together with solid gross margin profile is expected to result in First Quarter operating margin of approximately 7.5%.
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