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Dec 31, 2020
Sally Beauty Q1 2021 Earnings Report
Sally Beauty Holdings reported strong gross margin and profit growth for fiscal year 2021 first quarter despite pandemic impacts.
Key Takeaways
Sally Beauty Holdings reported a decrease in consolidated net sales by 4.5% to $936.0 million, impacted by COVID-19. However, the company delivered strong gross margins above 50% and a 6% increase in adjusted diluted earnings per share.
Consolidated same store sales decreased 3.7%, primarily reflecting temporary store closures and capacity restrictions.
Global e-commerce sales increased 48%.
Consolidated gross margin was 50.3%, up 190 basis points compared to the prior year period.
GAAP diluted earnings per share of $0.50 and adjusted diluted earnings per share of $0.50, up 11% and 6%, respectively, compared to the prior year period.
Revenue by Segment
Forward Guidance
The Company will provide perspective on its outlook for the second quarter during its earnings conference call. The Company will not be providing formal guidance at this time.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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