Sally Beauty Holdings Inc

NYSE:SBH   2:19:06 PM EDT
11.61
-0.04 (-0.30%)
Other Pre-Announcement, Earnings Announcements

Sally Beauty Holdings Reports Fourth Quarter Results

Published: 11/10/2022 13:05 GMT
Sally Beauty Holdings Inc (SBH) - Sally Beauty Holdings Reports Fourth Quarter and Full Year Fiscal 2022 Results.
Q4 GAAP Earnings per Share $0.20.
Q4 Sales Fell 2.8 Percent to $962.5 Million.
Q4 Adjusted Earnings per Share $0.50.
Qtrly Comparable Sales Increase of 0.6%.
Announces Distribution Center Consolidation and Acceleration of Store Optimization Plan.
Outlines New Strategic Initiatives and Long-term Outlook.
Accelerating Its Store Optimization Plan, Including Closure of Approximately 350 Stores.
Most of Store Closings Will Be Sally Beauty Locations in U.S.beginning in Fiscal 2023, Company Will Be Leveraging Modern Retail Infrastructure It Has Built in Recent Years.
FY 2023 Gross Margin is Expected to Remain Above 50%.
Incurred a $45.5 Million Charge in Q4 of 2022.
Believes Initiatives Will Support a Long-term Growth Algorithm of Low- to Mid-single-digit Net Sales Growth.
Foreign Currency Translation Had an Unfavorable Impact of 170 Basis Points on Consolidated Net Sales for Quarter.
FY 2023 Net Sales Are Expected to Decline by Low-single Digits Compared to Prior Year.
Sally Beauty- Believes Initiatives Will Support a Long-term Growth Algorithm of Gross Margins Above 50% and Low Double-digit Operating Margins.
FY2023 Earnings per Share View $2.20, Revenue View $3.82 Billion -- Refinitiv Ibes Data (analyst estimates).
Q4 Earnings per Share View $0.48, Revenue View $946.4 Million -- Refinitiv Ibes Data (analyst estimates).
Revenue is expected to be $927.62 Million
Adjusted EPS is expected to be $0.48

Next Quarter Revenue Guidance is expected to be $886.8 Million
Next Quarter EPS Guidance is expected to be $0.38

More details on our Analysts Page.