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Mar 31, 2024
Sally Beauty Q2 2024 Earnings Report
Reported second quarter fiscal 2024 results.
Key Takeaways
Sally Beauty Holdings reported a decrease in consolidated net sales by 1.1% to $908.4 million compared to the prior year. GAAP diluted net earnings per share were $0.27, and adjusted diluted net earnings per share were $0.35. The company generated $37 million in cash flow from operations and executed $20 million in share repurchases.
Consolidated net sales decreased by 1.1% to $908 million.
GAAP operating earnings were $60 million, with a margin of 6.6%.
GAAP diluted net earnings per share reached $0.27, while adjusted diluted net earnings per share were $0.35.
Cash flow from operations totaled $37 million.
Revenue by Segment
Forward Guidance
The Company is updating its full year guidance by adjusting its full year operating margin outlook to reflect the Company’s second quarter results.
Positive Outlook
- The Company continues to expect net sales and comparable sales to be approximately flat compared to the prior year.
- Gross Margin is now expected to be in the range of 50.5% to 51.0%.
- Adjusted Operating Margin is now expected to be approximately 8.5%.
- Operating Cash Flow is now expected to be approximately $240 million.
- Capital expenditures are expected to be approximately $100 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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