Sally Beauty (SH) Q1 Earnings Drop 12% to $128M

Sally Beauty Holdings Inc. (SH) reported first-quarter net income of $128 million, a 12% decline from $145 million in the same period of 2025. Revenue fell 6% to $1.38 billion. The decline followed a strategic pivot to digital commerce and a shift in promotional spending. Management attributed the results to macroeconomic headwinds, reduced discretionary spending, and supply chain disruptions. For the quarter ended January 31, 2026, the company said operating income was $144 million, versus $160 million in Q1 2025.