Sally Beauty Holdings (SBH) Misses Q3 EPS by 4c

Sally Beauty Holdings (NYSE: SBH) reported Q3 EPS of $0.55, $0.04 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $961 million versus the consensus estimate of $950.53 million.

GUIDANCE:

• Net sales are expected to decline by approximately 2% compared to the prior year. This includes an unfavorable impact from foreign currency exchange rates of approximately 70 basis points on full year guidance and reflects incremental impact in the third quarter and anticipated impact in the fourth quarter compared to prior net sales guidance;
• Net store count is expected to decrease by 90 stores, reflecting the Company’s focus on optimizing its store portfolio;
• GAAP gross margin is expected to expand by approximately 70 basis points compared to the prior year;
• Adjusted Gross Margin is expected to expand by approximately 50 basis points compared to the prior year;
• GAAP operating margin is expected to be approximately 10.3%; and
• Adjusted Operating Margin is expected to be approximately 10.5%.

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

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