Loading...
•
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.
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 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