Increase in Adjusted Operating Earnings
The company reported a 10% increase in adjusted operating earnings and 20% growth in adjusted earnings per share over the prior year.
Gross Margin Expansion
Adjusted operating margin expanded by 90 basis points supported by a gross margin of 52%.
Strong Free Cash Flow
The company continued to generate strong free cash flow, which was used to strengthen its balance sheet and return value to shareholders through share repurchases.
Ecommerce Growth
Ecommerce sales at Sally US and Canada increased by 29% compared to the previous year.
Product Innovation
Successful launches in BSG with brands like K18, Amika, Schwarzkopf, and Moroccan Oil, contributing to expanded distribution and innovation across categories.
Fuel for Growth Program
The program is on track to generate cumulative gross margin and SG&A benefits of approximately $70 million by the end of the year.