{"schema_version":"secwatch.filing_event.v1","accession":"0001564590-22-037281","form_type":"8-K","ticker":"SBH","cik":"0001368458","company_name":"Sally Beauty Holdings, Inc.","filed_at":"2022-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.342370+00:00","generated_at":"2026-06-21T22:33:13.530841+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Sally Beauty Q4 net sales down 2.8%; GAAP EPS $0.20; plans 350 store closures","bullets":["Q4 GAAP diluted EPS $0.20 vs $0.59 prior year; adjusted EPS $0.50 vs $0.64. Revenue $962.5M, -2.8% YoY.","GAAP operating margin 4.1%; adjusted operating margin 8.7%. Gross margin down 240 bps to 48.2% due to $19.4M inventory write-down.","Accelerating store optimization: ~350 closures (mostly Sally Beauty US) and two DC closures, expected $50M expense savings, ~$10M benefit to FY23 adjusted operating earnings.","FY2023 guidance: comparable sales up low single digits; net sales down low single digits; adjusted operating margin 8.5%-9.5%.","Long-term outlook: low- to mid-single-digit net sales growth, gross margins above 50%, low double-digit operating margins."],"urls":{"canonical":"https://secwatch.observer/filing/0001564590-22-037281","json":"https://secwatch.observer/filing/0001564590-22-037281.json","markdown":"https://secwatch.observer/filing/0001564590-22-037281.md","text":"https://secwatch.observer/filing/0001564590-22-037281.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1368458/000156459022037281/0001564590-22-037281-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1368458/000156459022037281/sbh-8k_20221110.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T22:33:13.530841+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"68c9e74eaaa745425163a3059ce84279bbdc10fc","claim":"Sally Beauty Holdings, Inc. reported Fiscal Year 2022 results: revenue Consolidated net sales of $3.82 billion, EPS GAAP diluted net earnings per share of $1.66 and Adjusted Diluted Net Earnings Per Share of $2.16.","evidence_excerpt":"Fiscal 2022 Full Year Summary • Consolidated net sales of $3.82 billion, a decrease of 1.5%, with a comparable sales increase of 0.6%; • Global e-commerce sales were $333 million, representing 8.7% of net sales; • GAAP gross margin decreased 10 basis points to 50.3% and Adjusted Gross Margin expanded 30 basis points to 50.9%; • GAAP operating earnings of $ 338 million and GAAP operating margin of 8 .8%, Adjusted Operating Earnings of $ 39 1 million and Adjusted Operating Margin of 1 0.3 %; • GAAP diluted net earnings per share of $1.66 and Adjusted Diluted Net Earnings Per Share of $2.16; and • Repurchased 6.8 million shares at an aggregate cost of $130.3 million and completed full repayment of $300 million of 8.75% senior secured notes.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1368458/000156459022037281/0001564590-22-037281-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Fiscal Year 2022"},{"label":"Revenue","value":"Consolidated net sales of $3.82 billion"},{"label":"EPS","value":"GAAP diluted net earnings per share of $1.66 and Adjusted Diluted Net Earnings Per Share of $2.16"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c6a0ed4c18392dbb2622a7272b7cdfd2aca54927","claim":"Sally Beauty Holdings, Inc. reported Q4 Fiscal 2022 results: revenue Consolidated net sales of $962 million, EPS GAAP diluted net earnings per share of $0.20 and Adjusted Diluted Net Earnings Per Share of $0.50.","evidence_excerpt":"Fiscal 2022 Fourth Quarter Summary • Consolidated net sales of $962 million, a decrease of 2.8%, with comparable sales flat to the prior year; • Global e-commerce sales of $90 million, representing 9.3% of net sales; • GAAP gross margin decreased 240 basis points to 48.2%, driven primarily by a non-cash inventory write-down of $19.4 million related to the distribution center consolidation and store optimization plan; Adjusted Gross Margin decreased 60 basis points to 50.1%; • GAAP operating earnings of $39 million and GAAP operating margin of 4.1%, Adjusted Operating Earnings of $84 million and Adjusted Operating Margin of 8.7%; and • GAAP diluted net earnings per share of $0.20 and Adjusted Diluted Net Earnings Per Share of $0.50.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1368458/000156459022037281/0001564590-22-037281-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 Fiscal 2022"},{"label":"Revenue","value":"Consolidated net sales of $962 million"},{"label":"EPS","value":"GAAP diluted net earnings per share of $0.20 and Adjusted Diluted Net Earnings Per Share of $0.50"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}