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Sally Beauty
🇺🇸 NYSE:SBH
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Jun 30, 2020

Sally Beauty Q3 2020 Earnings Report

Sally Beauty Holdings, Inc. announced third quarter results, reporting a decrease in consolidated net sales due to COVID-19 impacts, partially offset by e-commerce growth. The company focused on cash management and digital growth during the disrupted quarter.

Key Takeaways

Sally Beauty Holdings reported a decrease in consolidated net sales by 27.7% to $705.3 million, impacted by COVID-19 related store shutdowns. E-commerce sales grew by 278% to $137 million. GAAP diluted EPS was a loss of $0.21, while adjusted diluted EPS was a loss of $0.11. The company ended the quarter with $839 million in cash.

Cash on balance sheet at quarter end was $839 million.

E-commerce sales reached $137 million, a 278% increase year-over-year.

Consolidated same store sales decreased 26.6% for Q3 but increased 10.8% for June.

GAAP diluted EPS was a loss of $0.21, and adjusted diluted EPS was a loss of $0.11.

Total Revenue
$705M
Previous year: $975M
-27.7%
EPS
-$0.11
Previous year: $0.6
-118.3%
Consolidated Same-Store Sales
-26.6%
Previous year: 0.1%
-26700.0%
Adjusted EBITDA Margin
10.4%
Previous year: 15.5%
-32.9%
Gross Profit
$322M
Previous year: $482M
-33.3%
Cash and Equivalents
$839M
Previous year: $57.9M
+1349.9%
Free Cash Flow
$181M
Previous year: $73.3M
+146.1%
Total Assets
$3.2B
Previous year: $2.07B
+54.3%

Sally Beauty

Sally Beauty

Sally Beauty Revenue by Segment

Forward Guidance

Due to the uncertainty from COVID-19, the Company withdrew its full-year financial guidance for fiscal year 2020 and is not issuing financial guidance in connection with its third quarter earnings call.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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