Savvy Trades and Investments

[researcher59]

SBH (9.97) reports strong Q2 earnings. I own a small long term position bought in the mid $8's nearly 2 years ago .... not a big winner, but it's going to be a long term capital gains taxed at lower rates when I sell.

Sally Beauty beats by $0.09, reports revs in-line, raises F25 comp guidance (9.97 ) :
Reports Q3 (Jun) earnings of $0.51 per share, excluding non-recurring items, $0.09 better than the FactSet Consensus of $0.42; revenues fell 1.0% year/year to $933 mln vs the $929.13 mln FactSet Consensus.
Consolidated comparable sales decrease of 0.4%.
Global e-commerce sales of $99 million, represents 10.6% of net sales.
FY25 Guidance: Comparable sales are expected to be approximately flat (previously flat to down 1%). Consolidated net sales are expected to be approximately 75 basis points lower than comparable sales due to the expected unfavorable impact from foreign exchange rates on full year net sales and operating approximately 30 fewer stores compared to the prior year. Adjusted Operating Margin is expected to be in the range of 8.6% to 8.7% (previously 8.0% to 8.5%).