SBH Latest Report

Financial Performance

Sally Beauty's total operating revenue reached RMB937,895,000 as of December 31, 2024, up 0.63% from RMB931,302,000 as of December 31, 2023. Although the increase was small, this data reflects the company's continued operating ability in the current economic environment, indicating its competitiveness in the market.

Key Financial Data

1. Sally Beauty's total operating revenue reached RMB937,895,000 in 2024, up RMB6,593,000 from RMB931,302,000 in 2023, a 0.63% increase.

2. Sales costs slightly decreased from RMB464,126,000 to RMB461,055,000, which may have helped the company improve gross profit while maintaining revenue.

3. EBIT increased significantly from RMB69,123,000 to RMB100,320,000, indicating improvements in operating efficiency.

4. The company achieved revenue growth in a competitive market environment, benefiting from brand loyalty and effective market positioning strategies.

Peer Comparison

1. Industry-wide analysis: The overall beauty industry is experiencing a recovery from the pandemic, with consumer demand for beauty products gradually warming up. Sally Beauty's slight revenue growth aligns with the overall industry recovery trend, showing the industry's healthy development.

2. Peer evaluation analysis: Sally Beauty's revenue growth was relatively small, possibly reflecting competition pressure in terms of market share. Main competitors may have achieved higher revenue growth through stronger marketing strategies or new product launches, and Sally Beauty needs to adjust its market strategy to maintain competitiveness.

Summary

Sally Beauty's revenue growth in 2024 was small, but it still demonstrated its good operating ability in the current economic environment. Although the company faces competition pressure in terms of revenue growth, it can still maintain a certain level of profitability through cost control and operating efficiency improvement.

Opportunities

1. Further strengthen product innovation, especially in its own-brand products, to enhance market competitiveness.

2. Utilize digital transformation and customer-centric marketing strategies to expand market share.

3. Focus on changes in the preferences of young consumers and launch products that meet their preferences to drive sales growth.

Risks

1. Overall economic environment volatility may lead to a decrease in operating revenue, especially in cases of weak consumer demand.

2. Rising labor and rental costs will put pressure on the company's operating costs and affect profitability.

3. Intensified competition in the industry may lead to further loss of market share, affecting the company's revenue growth prospects.