Sally Beauty (SBH) reported $935.03 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 1.5%. EPS of $0.50 for the same period compares to $0.42 a year ago.The reported revenue represents a surprise of -0.07% over the Zacks Consensus Estimate of $935.65 million. With the consensus EPS estimate being $0.48, the EPS surprise was +4.17%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

Sally Beauty Holdings, Inc. (SBH) is likely to register growth in top and bottom lines when it reports fourth-quarter fiscal 2024 earnings on Nov. 14. The Zacks Consensus Estimate for revenues is pegged at $935.7 million, which indicates a 1.6% increase from the year-ago quarter. The consensus mark for quarterly earnings has remained unchanged in the past 30 days at 48 cents per share, indicating an increase of 14.3% from the year-ago quarter’s reported figure.Stay up-to-date with all quarterly releases: Se ...

The ion Luxe 8-In-1 Airstyler Pro Revolutionizes Hairstyling With an All-In-One Tool for Everyone.DENTON, Texas, Oct. 24, 2024 /PRNewswire/ -- Sally Beauty, the industry-leading destination for professional quality hair color and care, unveils the latest styling tool to join ion's award-winning line-up. The ion Luxe 8-In-1 Airstyler Pro transforms the hairstyling experience, enabling consumers to gently style their hair with air to minimize damage from heat. This new tool offers consumers the same negative ...

Core Insights - Sally Beauty Holdings, Inc. (SBH) is navigating a mix of opportunities and challenges in the beauty retail industry, focusing on strategic growth pillars to drive performance amidst weak consumer sentiment and rising costs [1][9][11] Strategic Growth Initiatives - SBH is centered around three key initiatives: enhancing customer-centricity, expanding high-margin brands, and driving innovation, with recent product launches resonating well with consumers [3][4] - The company’s store optimization program has improved productivity and profitability, contributing to a seamless omnichannel experience [4] - The Fuel for Growth plan is expected to deliver cumulative benefits of $120 million by 2026, enhancing margins and operational efficiency [4] Customer-Centric Strategies - SBH is acquiring new customers through marketing programs and strategic partnerships with major retailers like Amazon and Walmart, which are driving incremental sales [5][6] - The loyalty program is significant, with 78% of U.S. and Canadian sales coming from loyalty members in the fiscal third quarter [6] - The introduction of the Studio by Sally concept aims to provide a digital-first, DIY-centric shopping experience [6] New Retail Concepts - The launch of the Happy Beauty Co. concept targets value-conscious consumers with products priced under $10, showing positive reception in pilot locations [8] Challenges Facing the Company - SBH is experiencing challenges from weak consumer sentiment, with comparable transactions in the Sally Beauty Supply segment declining by 3% in the fiscal third quarter [9] - Rising operational costs, particularly in SG&A expenses, are squeezing margins, with adjusted EBITDA down 1.7% year-over-year and a quarterly adjusted EBITDA margin of 12.4% [10] - Currency fluctuations are also impacting international sales, complicating financial performance [10]

Core Insights - Sally Beauty is launching initiatives to celebrate Hispanic heritage through community-driven events and partnerships with artists and organizations [2][7][8] Group 1: Event Initiatives - The "Rooted in Success" event series will focus on Hispanic heritage programming in Miami starting in October 2024 [2][5] - A unique mural by Miami-based artist Disem305 will be unveiled on October 1, 2024, in Wynwood, Miami [4] - Sally Beauty ambassadors will distribute gift cards and products from Hispanic-owned brands from October 16 to October 20, 2024 [5] Group 2: Partnerships - Collaboration with the US Latinx Art Forum aims to amplify diverse voices and provide art-based learning opportunities within the Hispanic community [6][12] - The partnership with Disem305 highlights the intersection of art and beauty, showcasing the influence of the Hispanic community [4][7] Group 3: Corporate Commitment - Sally Beauty Holdings is extending Hispanic heritage programming internally through events led by the SOMOS Employee Resource Group [8] - The company emphasizes the importance of diversity and inclusion within its workforce and community initiatives [8] Group 4: Company Overview - Sally Beauty Holdings, Inc. is a leader in professional hair color and beauty supplies, offering a wide range of products through its various brands [10] - The company operates Sally Beauty Supply and Beauty Systems Group, providing products for both consumers and professionals [10]

Sally Beauty Holdings, Inc. (SBH) reported solid third-quarter fiscal 2024 results, as both the top and bottom lines beat the Zacks Consensus Estimate, and net sales increased year over year. The company witnessed positive comparable sales across both the Sally Beauty and Beauty Systems Group segments. At Sally Beauty, strategic initiatives such as better performance marketing, market expansions and digital enhancements were met with a positive consumer response, leading to growth in both new and returning ...

For the quarter ended June 2024, Sally Beauty (SBH) reported revenue of $942.34 million, up 1.2% over the same period last year. EPS came in at $0.45, compared to $0.49 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $931.39 million, representing a surprise of +1.18%. The company delivered an EPS surprise of +12.50%, with the consensus EPS estimate being $0.40. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

Sally Beauty (SBH) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this beauty products seller would post earnings of $0.39 per share when it actually produced earnings of $0.35, delivering a surprise of -10.26%. Over the last four quarters, ...

Financial Performance - Q3 consolidated net sales were $942 million, an increase of 1.2% compared to the prior year[2]. - Consolidated comparable sales increased by 1.5%, with positive trends in both Sally Beauty and Beauty Systems Group segments[2][3]. - Global e-commerce sales reached $92 million, representing 9.7% of net sales[2][4]. - GAAP gross margin was 51.0%, unchanged from the prior year, while adjusted gross margin also remained at 51.0%[5]. - GAAP operating earnings were $72 million, with an operating margin of 7.6%, compared to $90.1 million and 9.7% in the prior year[7]. - GAAP diluted net earnings per share were $0.36, down from $0.46 in the prior year; adjusted diluted net earnings per share were $0.45, compared to $0.49[8]. - Net sales for the three months ended June 30, 2024, were $942,340, a 1.2% increase from $931,008 in the same period last year[24]. - Gross profit for the nine months ended June 30, 2024, was $1,411,131, down 1.4% from $1,431,618 in the prior year[24]. - Operating earnings decreased by 20.4% to $71,770 for the three months ended June 30, 2024, compared to $90,125 in the same period last year[24]. - Net earnings for the three months ended June 30, 2024, were $37,724, a decrease of 25.8% from $50,821 in the prior year[24]. - The company reported a consolidated operating margin of 7.6% for the three months ended June 30, 2024, down from 9.7% in the same period last year[25]. - For the nine months ended June 30, 2024, net earnings were $105,358,000, down from $142,019,000 in the same period of 2023[31]. - Adjusted EBITDA for the three months ended June 30, 2024, was $116,780,000, a decrease of 1.7% from $118,752,000 in the same period of 2023[32]. - Basic earnings per share for the three months ended June 30, 2024, were $0.37, down from $0.47 in the same period of 2023[28]. Cash Flow and Capital Expenditures - Cash flow from operations for Q3 was $48 million, with operating free cash flow of $29 million[2][9]. - The company executed $10 million in share repurchases during the quarter[1]. - Capital expenditures for the year are expected to be approximately $100 million[12]. - Net cash provided by operating activities decreased by 9.8% to $47,895 million in 2024 from $53,123 million in 2023[33]. - Operating free cash flow (non-GAAP) declined by 8.8% to $28,746 million in 2024 compared to $31,508 million in 2023[33]. Expenses and Liabilities - Selling, general and administrative (SG&A) expenses for the three months ended June 30, 2024, were $408,730,000, representing 43.4% of sales, compared to 41.3% in the same period of 2023[28]. - SG&A expenses for the nine months ended June 30, 2024, were $1,210,303,000, representing 43.5% of sales, compared to 41.5% in the same period of 2023[31]. - Unallocated expenses increased by 31.3% to $61,538 for the three months ended June 30, 2024, compared to $46,857 in the same period last year[27]. - Interest expense for the three months ended June 30, 2024, was $20,707,000, an increase from $18,654,000 in the same period of 2023[32]. - The provision for income taxes for the nine months ended June 30, 2024, was $36,565,000, compared to $52,840,000 in the same period of 2023[31]. Store Performance and Sales Trends - Total number of stores decreased to 4,460 in 2024 from 4,477 in June 2023, a reduction of 17 stores[34]. - Comparable sales growth for SBS was 0.7% for the three months ended June 30, 2024, down from 3.0% in the same period of 2023, a decline of 230 basis points[35]. - BSG comparable sales improved to 2.6% for the three months ended June 30, 2024, compared to a decline of 2.4% in the same period of 2023, an increase of 500 basis points[35]. - Consolidated comparable sales growth was 1.5% for the three months ended June 30, 2024, up from 0.6% in 2023, an increase of 90 basis points[35]. - The number of BSG distributor sales consultants increased to 659 in 2024 from 650 in 2023, an increase of 9 consultants[34]. Guidance and Future Outlook - Full year fiscal 2024 guidance maintains expectations for net sales and comparable sales to be approximately flat compared to the prior year[12]. - Adjusted EBITDA margin for 2024 is 12.4%, down from 12.8% in 2023, reflecting a decrease of 40 basis points[33].

Sally Beauty Holdings, Inc. (SBH) is likely to see a bottom-line decline when it reports third-quarter fiscal 2024 earnings on Aug 8. The Zacks Consensus Estimate for quarterly earnings has moved down by a cent in the past 30 days to 40 cents per share. The figure slumped 18.4% from the year-ago quarter's reported figure. The company's top line is likely to increase year over year. The consensus mark for quarterly revenues is pegged at $931.4 million, indicating a slight increase from the prior-year quarter ...