Sally Beauty Holdings (SBH) Misses Q2 EPS by 3c, Revenues Miss, SSS Down 0.5%; 'Remains on Track with Transformation Plan'

Sally Beauty Holdings (NYSE: SBH) reported Q2 EPS of $0.51, $0.03 worse than the analyst estimate of $0.54. Revenue for the quarter came in at $945.9 million versus the consensus estimate of $965.25 million.

• Strategic Transformation Milestones Reached; Transformation Plan on Track
• Consolidated Same Store Sales Decreased 0.5%
• Global E-Commerce Sales Increased by 30.3% versus Prior Year
• GAAP Diluted EPS of $0.54; Growth of 10.2% versus Prior Year
• Adjusted Diluted EPS of $0.51; Decrease of 5.6% versus Prior Year
• Strong Cash Flow from Operations Used to Reduce Indebtedness; Repurchased $60 Million of Senior Notes
• Fiscal Year 2019 Guidance Maintained

“During the quarter, we made solid progress on our transformation plan as we completed the launch of Sally Beauty’s new mobile-first e-commerce platform, launched new brands, had success against our supply chain modernization plans and reduced our debt levels, all as promised,” said Chris Brickman, president and chief executive officer.

“We continued to see good momentum in our largest business, Sally Beauty Supply’s U.S. and Canadian retail business, which is on the leading edge of many of our transformation efforts. While the second quarter was impacted by an Easter calendar shift and cautious retail consumers in February, we are still on track with our transformation plan for the year and are maintaining our full-year guidance based on the performance of recent brand launches and our expectation of improved vendor supply chain execution compared to the prior year,” Brickman concluded.

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

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