Sally Beauty Holdings, Inc. (NYSE:SBH) Q4 2024 Earnings Conference Call November 14, 2024 8:30 AM ET

Company Participants

Jeff Harkins - VP, IR and Treasurer
Denise Paulonis - President and CEO
Marlo Cormier - CFO

Conference Call Participants

Oliver Chen - TD Cowen
Sarah Whitaker - Piper Sandler
Olivia Tong - Raymond James
Linda Bolton Weiser - D.A. Davidson
Sydney Wagner - Jefferies
Zach Abraham - Morgan Stanley

Operator

Good morning, everyone, and welcome to Sally Beauty Holdings Conference Call to discuss the Company's Fourth Quarter and Full Year Fiscal 2024 Results. All participants have been placed in listen-only mode. After management's prepared remarks, there will be a question-and-answer session. Additional instructions will be given at that time.

Now, I would like to turn the call over to Jeff Harkins, Vice President of Investor Relations and Treasurer for Sally Beauty Holdings.

Jeff Harkins

Thank you. Good morning, everyone, and thank you for joining us. With me on the call today are Denise Paulonis, President and Chief Executive Officer; and Marlo Cormier, Chief Financial Officer.

Before we begin, I would like to remind everyone that management's remarks on this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including those discussed in the risk factor section of our most recent annual report on Form 10-K and other filings with the SEC.

Any forward-looking statements made on this call represent our views only as of today and we undertake no obligations to update them. The company has provided a detailed explanation and reconciliations of its adjusting items and non-GAAP financial measures in its earnings press release and on its website.

Now I'd like to turn the call over to Denise to begin the formal remarks.

Denise Paulonis

Thank you, Jeff, and good morning, everyone.

We're pleased to conclude our fiscal year with strong results in our fourth quarter which met our expectations on the top line and exceeded our expectations on the bottom line. The results reflect our fourth consecutive quarter of positive comp sales in our BSG segment and our second consecutive quarter of positive comp sales at Sally Beauty.

This is a testament to our teams who have been navigating a dynamic environment with agility, while meaningfully advancing our strategic pillars. As we anticipated, our business strengthened in the second half of the year as our initiatives continued to mature and gain traction, contributing more than 250 basis points to our comparable sales in the fourth quarter on top of the 250 basis point contribution in the third quarter.