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Jun 30, 2021

Sally Beauty Q3 2021 Earnings Report

Reported strong sales and profit growth.

Key Takeaways

Sally Beauty Holdings reported a strong third quarter for fiscal year 2021, driven by strengthening consumer demand and solid execution. Consolidated net sales reached $1.02 billion with a same store sales increase of 44.7%. GAAP diluted EPS was $0.66, and adjusted diluted EPS was $0.68.

Consolidated net sales reached $1.02 billion with a same store sales increase of 44.7%.

Global e-commerce sales were $71 million, representing 7.0% of net sales.

GAAP operating margin was 12.5%, while adjusted operating margin was 12.6%.

Cash and cash equivalents stood at $270 million, with debt levels reduced by $205 million.

Total Revenue
$1.02B
Previous year: $705M
+44.9%
EPS
$0.68
Previous year: -$0.11
-718.2%
Consolidated Same-Store Sales
44.7%
Previous year: -26.6%
-268.0%
Adjusted EBITDA Margin
15.3%
Previous year: 10.4%
+47.1%
Gross Profit
$514M
Previous year: $322M
+59.8%
Cash and Equivalents
$270M
Previous year: $839M
-67.8%
Free Cash Flow
$68.4M
Previous year: $181M
-62.1%
Total Assets
$2.78B
Previous year: $3.2B
-13.1%

Sally Beauty

Sally Beauty

Sally Beauty Revenue by Segment

Forward Guidance

The Company will provide perspective on its outlook for the fourth quarter during its earnings conference call.

Revenue & Expenses

Visualization of income flow from segment revenue to net income