Sally Beauty Holdings (SBH) Misses Q2 EPS by 4c

Sally Beauty Holdings (NYSE: SBH) reported Q2 EPS of $0.47, $0.04 worse than the analyst estimate of $0.51. Revenue for the quarter came in at $911.4 million versus the consensus estimate of $951.11 million.

Fiscal Year 2022 Guidance:

Given the dynamic macro environment including the impact of inflationary pressures and intensified supply chain challenges, the Company is revising its full year guidance for fiscal year 2022 as outlined below:

• Net sales are expected to be flat to down 2% compared to the prior year;
• Net store count is expected to decrease by approximately 1% to 2% for the fiscal year, reflecting the Company’s focus on optimizing its store portfolio;
• Gross margin is expected to expand by 40 to 60 basis points compared to the prior year;
• GAAP operating margin is expected to be approximately 11.0%; and
• Adjusted Operating Margin is expected to be approximately 11.0%.

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

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