Sally Beauty Q1 net sales down 2.4%; adj. EPS $0.52; maintains FY23 guidance

Sally Beauty Holdings, Inc.

2023-Q1 EPS reported $0.46 revenue$957,055,000

Net sales $957M (-2.4% YoY); consolidated comp sales +1.1%; e-commerce up 14% to $91M.
GAAP diluted EPS $0.46; adj. diluted EPS $0.52 vs $0.63 prior year; adj. op. margin 10.0%.
Closure of ~350 stores and two DCs completed; $7.7M charge in Q1; ~$10M net benefit to adj. op. earnings expected in FY23.
Maintains FY23 guidance: low-single-digit comp sales, gross margin above 50%, adj. op. margin 8.5%-9.5%.
Sally Beauty Supply comp +3.0%; Beauty Systems Group comp -1.5% on inflationary pressure on stylists.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sally Beauty Holdings, Inc. reported the first quarter ended December 31, 2022 results: revenue $957.1 million, net income $50.3 million, EPS $0.46 per diluted share. Guidance reaffirmed.

Period: the first quarter ended December 31, 2022
Revenue: $957.1 million
Net income: $50.3 million
EPS: $0.46 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

The Company will hold a conference call today at 7 :30 a.m. Central Time to discuss these results and its business. Fiscal 2023 First Quarter Summary • Consolidated net sales of $957 million, a decrease of 2.4% compared to the prior year, driven primarily by the previously announced store closures and unfavorable foreign exchange impact; • Consolidated comparable

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Source: SEC EDGAR

accession 0001564590-23-001311

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