Sally Beauty Holdings, Inc. (NYSE:SBH) Q1 2024 Earnings Call Transcript

And then on the studio side, we have six stores open. We’re really reading performance there and understanding what they deliver to us. As you’ll remember, these stores have the opportunity for people to participate in the salon environment with the DIY salon. But in addition, we made changes to the stores in terms of look and feel, both graphics, lower gondolas, better sight lines, much stronger navigation, difference in how we think about education and signage throughout the stores overall. We’re seeing very positive reaction to what the store experience is delivering to a customer and how they feel about the brand, having gone into those stores. So we think that we’re learning a lot there that can just inform overall, how we think about relocations and remodels within the Sally fleet.

And the studio is giving us a great opportunity to understand how people use our products, what their pain points are, how we can help them, and we’re continuing to build on those learnings as well. We have the potential as we go through the balance of the year, to get a few dozen more of those out there if we see the potential of being what we’d like it to see. So on both cases, really seeing them come through. They are pilots, so they are not meaningful contributors to 2024, but we would look and hope that they will all be able to be great contributors as we look to the longer term.

Linda Bolton-Weiser: Thank you. I appreciate it.

Operator: Thank you. And there are no further question. Thank you.

Denise Paulonis: Thank you all for joining us today and thank you to all of our associates around the world and we appreciate what you do every day to serve our customers and to all of our investors and thank you for dialing in this morning and hearing more of our story and we look-forward to keeping you posted in the coming quarters.

Operator: Thank you, and ladies and gentlemen, that does conclude our conference for today. Thank you for your participation and for using a AT&T teleconference. You may now disconnect.