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Mar 31, 2021
Sally Beauty Q2 2021 Earnings Report
Reported strong sales, gross margin, and profit growth despite pandemic disruptions.
Key Takeaways
Sally Beauty Holdings reported a 6.3% increase in consolidated net sales to $926.3 million, driven by improved consumer confidence and easing COVID-19 restrictions in the U.S. GAAP diluted EPS was $0.34, while adjusted diluted EPS reached $0.57. The company's strong performance was partially offset by international store closures and salon closures in California.
Consolidated same store sales increased by 6.5%, reflecting improved consumer confidence and easing COVID-19 restrictions.
Global e-commerce sales increased by 56%.
GAAP gross margin was 50.4%, up 110 basis points compared to the prior year.
GAAP diluted net earnings per share was $0.34 and Adjusted Diluted Net Earnings Per Share was $0.57, increased significantly compared to the prior year.
Sally Beauty
Sally Beauty
Sally Beauty Revenue by Segment
Revenue by Segment
Sally Beauty Supply Revenue
CapyFin.comBeauty Systems Group Revenue
CapyFin.com Forward Guidance
The Company will provide perspective on its outlook for the third 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