SBH Rallies 34.3% in 3 Months as Growth Drivers Face a Valuation Test
Sally Beauty Holdings (SBH) shares rose 34.3% in 3 months, outperforming industry and market averages. Q3 adjusted earnings grew 7.8% YoY to $0.55, with gross margin expanding to 52.4%. E-commerce sales increased 11% to $110M, while U.S. and Canada comparable sales rose 3.5%. Despite modest sales growth, profitability improved, with adjusted operating margin up to 9.3%. SBH trades at 7.3X forward earnings, below industry averages but above its 5-year median. Analysts remain neutral on long-term





