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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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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