The Gap, Inc.

Sally Beauty Holdings reported solid Q3 FY24 results, with both top and bottom lines beating estimates. The company saw positive comparable sales across its Sally Beauty and Beauty Systems Group segments, driven by strategic initiatives and innovation. However, the adjusted operating margin contracted due to higher expenses.

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The back-to-school shopping season is expected to see a decline in spending compared to 2023's record levels, as consumers become more discerning in their purchases amid economic uncertainty.

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