---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-23-001311"
form_type: "8-K"
ticker: "SBH"
cik: "0001368458"
company_name: "Sally Beauty Holdings, Inc."
filed_at: "2023-02-02T23:59:59+00:00"
generated_at: "2026-06-20T02:04:42.025831+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001564590-23-001311
- form_type: 8-K
- ticker: SBH
- cik: 0001368458
- company_name: Sally Beauty Holdings, Inc.
- filed_at: 2023-02-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1368458/000156459023001311/0001564590-23-001311-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1368458/000156459023001311/sbh-8k_20230202.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-001311
- JSON: https://secwatch.observer/filing/0001564590-23-001311.json
- Plain text: https://secwatch.observer/filing/0001564590-23-001311.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1368458/000156459023001311/0001564590-23-001311-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.