earnings
confidence high
sentiment positive
materiality 0.75
Sally Beauty Q1 net sales up 4.7%, adjusted EPS up 26% to $0.63; repurchases $75M in shares
Sally Beauty Holdings, Inc.
2022-Q1 EPS reported
$0.60
revenue$980,251,000
- GAAP diluted EPS $0.60; adjusted diluted EPS $0.63 vs $0.50 prior year, a 26% increase.
- Consolidated net sales $980M (+4.7%); comparable sales +6.1%; gross margin 51.0%, up 70 bps.
- Sally Beauty Supply segment comp +4.4%; Beauty Systems Group comp +8.6%; global e-commerce $81M (8.3% of sales).
- FY2022 guidance reiterated: net sales +3-4%, gross margin +40-60 bps, adjusted operating margin flat.
- Repurchased 3.7M shares at $75M in Q1; net debt leverage ratio 1.87x; inventory up 12% for supply chain risk.