Sally Beauty Q2 2020 Earnings Report

E-commerce growth accelerated with a +28% increase in Q2, +52% in March, and +353% in April.

Store network restart underway with 1,500 stores open to the public, 1,100 ship-from-store locations, 2,300 curbside locations, and 300 same-day-delivery locations.

Aggressive cash management and incremental liquidity provide a strong runway.

Consolidated same store sales decreased 7.1% for the full quarter, impacted by COVID-19, but increased 4.7% prior to March 12.