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STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\nFORM 10-Q\n\n \n\n \n\n☒\n\nQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFOR THE QUARTERLY PERIOD ENDED: MARCH 31, 2026\n\nor\n\n \n\n☐\n\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nCommission File No. 1-33145\n\n \n\nSALLY BEAUTY HOLDINGS, INC.\n\n(Exact name of registrant as specified in its charter)\n\n \n\n \n\nDelaware\n\n36-2257936\n\n(State or other jurisdiction of incorporation or organization)\n\n(I.R.S. Employer Identification No.)\n\n7900 Windrose Ave\n\nPlano, Texas\n\n75024\n\n(Address of principal executive offices)\n\n(Zip Code)\n\n \n\n(800) 777-5706\n\n(Registrant’s telephone number, including area code)\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each class\n\nTrading Symbol\n\nName of each exchange on which registered\n\nCommon Stock, $0.01 par value\n\nSBH\n\nThe New York Stock Exchange\n\n \n\nIndicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer\n\n☒\n\n \n\nAccelerated filer\n\n☐\n\nNon-accelerated filer\n\n☐\n\nSmaller reporting company\n\n☐\n\n \n\nEmerging growth company\n\n☐\n\n \n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒\n\nNumber of shares of common stock outstanding as of May 6, 2026: 95,408,486\n\n \n\n \n\n \n\nTABLE OF CONTENTS\n\n \n\nPage\n\n[PART I — FINANCIAL INFORMATION](#part_i_financial_information)\n\n \n\n \n\n \n\n[Item 1. Financial Statements](#item_1_financial_statements)\n\n4\n\n \n\n \n\n[Condensed Consolidated Balance Sheets](#balance_sheet)\n\n4\n\n[Condensed Consolidated Statements of Earnings](#income_statement)\n\n5\n\n[Condensed Consolidated Statements of Comprehensive Income](#comp_income)\n\n6\n\n[Condensed Consolidated Statements of Stockholders’ Equity](#sosa)\n\n7\n\n[Condensed Consolidated Statements of Cash Flows](#cash_flow)\n\n8\n\n[Notes to Condensed Consolidated Financial Statements](#notes)\n\n9\n\n \n\n \n\n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#item_2_managements_discussion_analysis_f)\n\n16\n\n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#item_3_quantitative_qualitative_disclosu)\n\n23\n\n[Item 4. Controls and Procedures](#item_4_controls_procedures)\n\n23\n\n \n\n[PART II — OTHER INFORMATION](#part_ii_or_information)\n\n \n\n \n\n \n\n[Item 1. Legal Proceedings](#item_1_legal_proceedings)\n\n24\n\n[Item 1A. Risk Factors](#item_1a_risk_factors)\n\n24\n\n[Item 2. Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities.](#item_2_securities)\n\n24\n\n[Item 5. Other Information](#item_5_other_information)\n\n24\n\n[Item 6. Exhibits](#item_6_exhibits)\n\n25\n\n \n\n \n\n2\n\n \n\nIn this Quarterly Report, references to the “Company,” “our company,” “Sally Beauty,” “we,” “our,” “ours” and “us” refer to Sally Beauty Holdings, Inc. and its consolidated subsidiaries unless otherwise indicated or the context otherwise requires.\n\ncautionary notice regarding forward-looking statements\n\nStatements in this Quarterly Report on Form 10-Q and in the documents incorporated by reference herein which are not purely historical facts or which depend upon future events may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, (the \"Exchange Act\"). Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “target,” “can,” “could,” “may,” “should,” “will,” “would,” \"might\" or similar expressions may also identify such forward-looking statements.\n\nReaders 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. The most important factors which could cause our actual results to differ from our forward-looking statements are set forth in our description of risk factors in Item 1A contained in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, and other filings with the U.S. Securities and Exchange Commission (\"SEC\") which should be read in conjunction with the forward-looking statements in this report. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update any forward-looking statement.\n\nThe events described in the forward-looking statements might not occur or might occur to a different extent or at a different time than we have described. As a result, our actual results may differ materially from the results contemplated by these forward-looking statements.\n\n3\n\n \n\nPART I — FINANCIAL INFORMATION"}