Sally Beauty Holdings Reports Strong Sales, Gross Margin and Profit Growth For Fiscal 2021 Second Quarter Despite Pandemic Disruptions
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Go back to Sally Beauty Holdings Reports Strong Sales, Gross Margin and Profit Growth For Fiscal 2021 Second Quarter Despite Pandemic Disruptions
May 10, 2021 11:17 AM EDT
Cowen analyst Oliver Chen raised the price target on Sally Beauty Holdings (NYSE: SBH) to $28.00 (from $25.00) while maintaining a Market Perform rating.
The analyst commented, "SBH 2Q21 top-line continued to accelerate and flowed to bottom line as SBH managed promotions and leveraged SG&A... More
May 6, 2021 6:49 AM EDT
Sally Beauty Holdings (NYSE: SBH) reported Q2 EPS of $0.57, $0.42 better than the analyst estimate of $0.15. Revenue for the quarter came in at $926.3 million versus the consensus estimate of $824.97 million.
Fiscal 2021 Second Quarter Summary
Consolidated same store sales increased 6.5%, primarily reflecting the favorable impact in the U.S. from improving consumer confidence, government stimulus payments and the easing of COVID-19 restrictions in salons;Global e-commerce sales increased 56%;GAAP gross margin of 50.4%, up 110 basis...
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