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Mar 31, 2022
Sally Beauty Q2 2022 Earnings Report
Reported second quarter fiscal 2022 results.
Key Takeaways
Sally Beauty Holdings reported a decrease in consolidated net sales by 1.6% to $911 million, while comparable sales increased by 0.2%. GAAP diluted EPS was $0.42, and adjusted diluted EPS was $0.47. The company experienced greater than expected pressure on the top line due to supply chain and inflationary challenges.
Consolidated net sales of $911 million, a decrease of 1.6% compared to the prior year, with a comparable sales increase of 0.2%.
Global e-commerce sales of $81 million, representing 8.9% of net sales.
GAAP gross margin up 70 basis points to 51.1% and Adjusted Gross Margin up 20 basis points to 51.4%.
GAAP diluted net earnings per share of $0.42 and Adjusted Diluted Net Earnings Per Share of $0.47.
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
Given the dynamic macro environment including the impact of inflationary pressures and intensified supply chain challenges, the Company is revising its full year guidance for fiscal year 2022.
Positive Outlook
- Gross margin is expected to expand by 40 to 60 basis points compared to the prior year.
Challenges Ahead
- Net sales are expected to be flat to down 2% compared to the prior year.
- Net store count is expected to decrease by approximately 1% to 2% for the fiscal year, reflecting the Company’s focus on optimizing its store portfolio.
Revenue & Expenses
Visualization of income flow from segment revenue to net income