Sally Beauty Holdings (SBH) Misses Q2 EPS by 2c, Miss on Revenues

Sally Beauty Holdings (NYSE: SBH) reported Q2 EPS of $0.40, $0.02 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $966.47 million versus the consensus estimate of $986.54 million.

Fiscal 2017 Guidance

The Company is revising its guidance for full year fiscal 2017 as follows:

Consolidated same store sales growth approximately flat to the prior year; and
Net new store openings growth of approximately 2.0%

The Company is reiterating its guidance for full year fiscal 2017 as follows:

• Full year consolidated gross margin expansion in a range of 20 to 30 basis points;
• Including benefits from the Restructuring Plan and other cost reduction initiatives, adjusted SG&A in a range of 34.1% to 34.4% of sales;
• Adjusted operating income growth in the low-to-mid single digits; and
• Capital expenditures in a range of $115 million to $120 million

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

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