Sally Beauty Holdings, Inc.

Adjusted Net Earnings, excluding the Company s costs related to the fuel for growth initiative, expenses related to the sale of the Company s corporate headquarters, costs related to restructuring efforts, the loss on debt extinguishment, and other non-recurring expenses, were $52.4 million, or $0.51 per diluted share, compared to Adjusted Net Earnings of $48.1 million, or $0.45 per diluted share, in the prior year.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Balance Sheet and Cash Flow As of June 30, 2025, the Company had cash and cash equivalents of $113 million and no outstanding borrowings under its asset-based revolving line of credit.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

During the quarter, the Company utilized its cash flow to repay $21 million of term loan B debt and repurchase 1.5 million shares under its share repurchase program at an aggregate cost of $13 million.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The Company ended the quarter with a net debt leverage ratio of 1.7x.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Adjusted Net Earnings Adjusted net earnings is GAAP net earnings that exclude the tax-effected the costs related to the Company s fuel for growth initiative, tax-effected expenses related to the sale of the Company s corporate headquarters, tax-effected costs from the loss on debt extinguishment, tax-effected costs related to restructuring efforts, and tax-effected other non-recurring expenses for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Adjusted Diluted Net Earnings Per Share Adjusted diluted net earnings per share is GAAP diluted earnings per share that exclude the tax-effected costs related to the Company s fuel for growth initiative, tax-effected expenses related to the sale of the Company s corporate headquarters, tax-effected costs from the loss on debt extinguishment, tax-effected costs related to restructuring efforts, and tax-effected other non-recurring expenses for the relevant time periods as indicated in the accompanying non-GAAP reconciliations to the comparable GAAP financial measures.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

com Sally Beauty Holdings Reports Third Quarter Fiscal 2025 Results Fuel for Growth Program Yields Fourth Consecutive Quarter of Operating Margin Expansion and Double-Digit EPS Growth Strengthens Balance Sheet Adjusts Full Year Comparable Sales Outlook to High End of Prior Range Raises Full Year Adjusted Operating Margin Guidance DENTON, Texas, August 5, 2025 Sally Beauty Holdings, Inc.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Ongoing financial rigor, coupled with our fuel for growth initiative, drove double-digit earnings per share growth and a fourth consecutive quarter of adjusted operating margin expansion.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Importantly, our talented teams are continuing to advance our strategic pillars against a complex macro backdrop.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Consolidated Adjusted Gross Margin, excluding the inventory write-off from the Company s European operations in connection with the fuel for growth initiative, was 52.0%, an increase of 100 basis points compared 51.0% in the prior year.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

The increase was driven primarily by the Sally Beauty segment, which delivered higher product margin resulting from benefits from the Company s fuel for growth initiative, lower distribution and freight costs, and lower shrink expense.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Consolidated comparable sales decreased 0.4%, primarily reflecting macro uncertainty, which impacted consumer spending at Sally Beauty, partially offset by strong growth in hair color and digital marketplaces at Sally Beauty as well as continued momentum at Beauty Systems Group from expanded distribution and new brand innovation.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including the Risk Factors described under Item 1A of our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, and other filings with the U.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein.

SEC original ↗Sally Beauty Holdings, Inc. — Earnings release (8-K exhibit)EX-99Aug 5, 2025

Legal Proceedings 25 Item 1A.

SEC original ↗Sally Beauty Holdings, Inc. — 10-Q Quarterly report10-QAug 3, 2026

Readers are cautioned not to place undue reliance on forward-looking statements as such statements speak only as of the date they were made and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements.

SEC original ↗Sally Beauty Holdings, Inc. — 10-Q Quarterly report10-QAug 3, 2026