Sally Beauty Holdings (SBH) Tops Q1 EPS by 2c, Revenue Misses

Sally Beauty Holdings (NYSE: SBH) reported Q1 EPS of $0.63, $0.02 better than the analyst estimate of $0.61. Revenue for the quarter came in at $980.3 million versus the consensus estimate of $995.3 million.

Fiscal Year 2022 Guidance:

• Notwithstanding the backdrop of a dynamic macro environment, including the recent omicron surge and supply chain challenges, the Company is reiterating its full year guidance for fiscal year 2022 as outlined below:
• Net sales are expected to increase 3% to 4% 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 increase by approximately 90 to 110 basis points compared to fiscal year 2021; and
• Adjusted Operating Margin is expected to be approximately flat compared to fiscal year 2021.

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

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