earnings
confidence high
sentiment positive
materiality 0.80
Sally Beauty Q3 sales $1.02B, EPS $0.66; same-store sales up 44.7%; repurchase authorization extended
Sally Beauty Holdings, Inc.
2021-Q3 EPS reported
$1.50
revenue$2,884,737,000
- GAAP net earnings $76.2M ($0.66/diluted share); adjusted EPS $0.68, up 718% YoY.
- Consolidated net sales $1.02B, up 45.0%; same-store sales surged 44.7% on strong U.S. demand and easing COVID restrictions.
- Gross margin expanded 470 bps to 50.3%; adjusted operating margin 12.6% vs 2.3% a year ago.
- Reduced debt by $205M; ended Q3 with $270M cash and zero drawn on $500M revolver; net leverage 1.90x.
- Board extended share repurchase program through Sep 2025, with $726.1M remaining under authorization.