earnings
confidence high
sentiment positive
materiality 0.65
Sally Beauty Q4 net sales $990M (+3.4%); FY2021 EPS $2.10; guides FY2022 sales growth 3-4%
Sally Beauty Holdings, Inc.
2021-FY EPS reported
$2.10
revenue$3,874,997,000
- Q4 GAAP diluted EPS $0.59, adjusted $0.64; net sales $990.3M (+3.4% YoY); same-store sales +2.1%.
- Full year net sales $3.87B (+10.3%), GAAP EPS $2.10, adjusted EPS $2.40; gross margin expanded 160 bps to 50.4%.
- FY2021 debt reduced ~$420M; cash $401M; net debt leverage 1.69x; no revolver borrowings.
- FY2022 guidance: net sales growth 3-4%, gross margin +40-60 bps, GAAP operating margin +90-110 bps.
- Q4 adjusted operating margin 11.7%; Sally Beauty Supply same-store +2.3%, BSG same-store +1.7%.