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Sally Beauty Holdings Reports First Quarter Fiscal 2023 Results
DENTON, Texas–(BUSINESS WIRE)–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, 2022. The Company will hold a conference call today at 7:30 a.m. Central Time to discuss these results and its business. Fiscal 2023 First Quarter Summary Consolidated net sales of $957 million, a decrease of 2.4{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} compared to the prior year, driven primarily by the previously announced store closures and unfavorable foreign exchange impact; Consolidated comparable sales increased 1.1{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720}; Global e-commerce sales increased 14{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} to $91 million, representing 9.5{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} of net sales; GAAP gross margin at 51.0{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720}; Adjusted Gross Margin at 50.8{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720}; GAAP…
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Sally Beauty Holdings Reports Fourth Quarter and Full Year Fiscal 2022 Results
DENTON, Texas–(BUSINESS WIRE)–Sally Beauty Holdings, Inc. (NYSE: SBH) (“the Company”), the leader in professional hair color, today announced financial results for its fourth quarter and full year ended September 30, 2022. The Company will hold a conference call today at 7:30 a.m. Central Time to discuss these results and its business. Fiscal 2022 Fourth Quarter Summary Consolidated net sales of $962 million, a decrease of 2.8{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720}, with comparable sales flat to the prior year; Global e-commerce sales of $90 million, representing 9.3{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} of net sales; GAAP gross margin decreased 240 basis points to 48.2{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720}, driven primarily by a non-cash inventory write-down of $19.4 million related to the distribution center consolidation…
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Sally Beauty Holdings Reports Second Quarter Fiscal 2022 Results
DENTON, Texas–(BUSINESS WIRE)–Sally Beauty Holdings, Inc. (NYSE: SBH) (“the Company”), the leader in professional hair color, today announced financial results for its second quarter ended March 31, 2022. The Company will hold a conference call today at 7:30 a.m. Central Time to discuss these results and its business. Fiscal 2022 Second Quarter Summary Consolidated net sales of $911 million, a decrease of 1.6{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} compared to the prior year, with a comparable sales increase of 0.2{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720}; Global e-commerce sales of $81 million, representing 8.9{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} of net sales; GAAP gross margin up 70 basis points to 51.1{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} and Adjusted Gross Margin up 20 basis points to 51.4{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720}; GAAP operating earnings of $86…
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Sally Beauty Holdings Reports Strong Sales, Gross Margin and Profit Growth For Fiscal 2022 First Quarter; Share Repurchases of $75 Million
DENTON, Texas–(BUSINESS WIRE)–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, 2021. The Company will hold a conference call today at 7:30 a.m. Central Time to discuss these results and its business. Fiscal 2022 First Quarter Summary Consolidated net sales increased 4.7{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} to $980 million versus the prior year with a comparable sales increase of 6.1{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720}; Global e-commerce sales were $81 million, representing 8.3{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720} of net sales; Gross margin of 51.0{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720}, up 70 basis points compared to the prior year; GAAP operating earnings of $113 million and GAAP operating margin of 11.5{5c5ba01e4f28b4dd64874166358f62106ea5bcda869a94e59d702fa1c9707720}, Adjusted Operating…
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