Sally Beauty Holdings (SBH) Misses Q2 EPS by 5c ; Provides Outlook

Sally Beauty Holdings (NYSE: SBH) reported Q2 EPS of $0.35, $0.05 worse than the analyst estimate of $0.40. Revenue for the quarter came in at $908 million versus the consensus estimate of $910.76 million.

Fiscal Year 2024 Guidance

The Company is updating its full year guidance by adjusting its full year operating margin outlook to reflect the Company’s second quarter results, as follows:

The Company continues to expect net sales and comparable sales to be approximately flat compared to the prior year;
Gross Margin is now expected to be in the range of 50.5% to 51.0%;
Adjusted Operating Margin is now expected to be approximately 8.5%;
Operating Cash Flow is now expected to be approximately $240 million; and
Capital expenditures are expected to be approximately $100 million.

For earnings history and earnings-related data on Sally Beauty Holdings (SBH) click here.

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