earnings
confidence high
sentiment negative
materiality 0.70
Sally Beauty Q2 net sales $908M (-1.1%), adj EPS $0.35, refinances $680M note
Sally Beauty Holdings, Inc.
2024-Q2 EPS reported
$0.63
revenue$1,839,663,000
- GAAP EPS $0.27, adjusted EPS $0.35 vs $0.41 prior year; net sales $908.4M, down 1.1%.
- Comparable sales -1.5%; Sally Beauty -4.0%, Beauty Systems Group +2.0%.
- Refinanced $680M 5.625% senior note due 2025 with $600M 6.75% note due 2032.
- FY2024 guidance: net sales ~flat, adj operating margin ~8.5%, op cash flow ~$240M, capex ~$100M.
- Q2 operating cash flow $36.9M; repurchased 1.5M shares for $20M.