Sally Beauty delivered fiscal first-quarter EPS of $0.48, surpassing consensus by $0.01 while generating $943.17 million in revenue, a marginal 0.08% shortfall versus analysts’ expectations. This mixed result reflects stable sales but tighter margin pressures.

Shares declined 3.5% in early trading following the report, offsetting some of the 10% gain recorded since January 1. The results come during a heavy week of consumer discretionary earnings, with investors weighing modest revenue misses against the narrow EPS beat.