Beauty Supply

Sally Beauty Holdings Reports Strong Gross Margin and Profit Growth For Fiscal 2021 First Quarter Despite Pandemic Impacts

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Sally Beauty Holdings, Inc. (NYSE: SBH) (“the Company”), the leader in professional hair color, today announced financial results for its first quarter ended December 31, 2020. The Company will hold a conference call today at 7:30 a.m. Central Time to discuss the results.

  • Consolidated same store sales decreased 3.7%, primarily reflecting temporary store closures in international markets, government-mandated capacity restrictions in the U.S. and Canada, and the shut-down of salons in California and certain territories in Canada for part of the quarter due to the impact of COVID-19;

  • Global e-commerce sales increased 48%; Launched buy online/pick up in-store (BOPIS) at Sally Beauty;

  • Consolidated gross margin of 50.3%, up 190 basis points compared to the prior year period;

  • GAAP operating earnings of $104 million and GAAP operating margin of 11.1%; Adjusted operating earnings of $105 million and adjusted

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Sally Beauty (NYSE:SBH) Announces Quarterly Earnings Results

Sally Beauty (NYSE:SBH) announced its quarterly earnings data on Thursday. The specialty retailer reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03, MarketWatch Earnings reports. The company had revenue of $936.02 million during the quarter, compared to the consensus estimate of $967.74 million. Sally Beauty had a net margin of 3.22% and a negative return on equity of 535.36%. Sally Beauty’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS.

SBH stock traded down $0.29 during midday trading on Thursday, hitting $15.67. 3,001,488 shares of the stock were exchanged, compared to its average volume of 2,158,043. The stock’s 50-day moving average price is $13.54 and its 200-day moving average price is $11.65. The company has a debt-to-equity ratio of 116.36, a quick ratio of 1.10 and a current ratio of 2.54.

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Recap: Sally Beauty Q1 Earnings


Shares of Sally Beauty Holdings (NYSE:SBH) decreased 0.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 6.38% year over year to $0.50, which beat the estimate of $0.47.

Revenue of $936,022,000 declined by 4.51% from the same period last year, which missed the estimate of $967,880,000.


Sally Beauty Holdings hasn’t issued any earnings guidance for the time being.

Revenue guidance hasn’t been issued by the company for now.

Details Of The Call

Date: Feb 04, 2021

Time: 08:30 AM

ET Webcast URL:

Price Action

Company’s 52-week high was at $16.56

Company’s 52-week low was at $6.28

Price action over last quarter: Up 55.10%

Company Profile

Sally Beauty Holdings Inc is a professional beauty-products retailer based in the United States. Sally Beauty operates throughout the United States, Puerto Rico, the United Kingdom, Belgium, Canada, Chile, Colombia, Mexico, Peru, France, Ireland, Spain, Germany,

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Sally Beauty Holdings, Inc. (NYSE:SBH) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its position in Sally Beauty Holdings, Inc. (NYSE:SBH) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,173,405 shares of the specialty retailer’s stock after selling 46,571 shares during the quarter. Fisher Asset Management LLC owned 1.93% of Sally Beauty worth $28,341,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC acquired a new stake in Sally Beauty in the third quarter valued at approximately $25,000. Canton Hathaway LLC acquired a new stake in shares of Sally Beauty during the third quarter worth approximately $50,000. Advisor Group Holdings Inc. grew its position in shares of Sally Beauty by 25.8% during the second quarter. Advisor Group Holdings Inc. now owns 5,596 shares of the specialty retailer’s

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