earnings
confidence high
sentiment negative
materiality 0.70
Sally Beauty Q3 GAAP EPS $0.43, down 35% YoY; sales down 6%; lowers FY guidance
Sally Beauty Holdings, Inc.
2022-Q3 EPS reported
$1.46
revenue$2,853,105,000
- GAAP diluted EPS $0.43 vs $0.66 prior year; adjusted EPS $0.55 vs $0.68.
- Consolidated net sales $961M, down 6.0% YoY; comparable sales down 3.6%.
- Gross margin improved 70 bps to 51.0%; adjusted operating margin 10.5%.
- Full-year FY2022 net sales expected to decline ~2% (prior flat guidance); operating margin ~10.3% GAAP.
- Completed full repayment of $300M of 8.75% senior secured notes; net leverage ratio 2.2x.