NYSE$SBH

Sally Beauty Holdings Inc. · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Sally Beauty Holdings reported strong gross margin and profit growth for fiscal year 2021 first quarter despite pandemic impacts.

Sally Beauty Holdings reported a decrease in consolidated net sales by 4.5% to $936.0 million, impacted by COVID-19. However, the company delivered strong gross margins above 50% and a 6% increase in adjusted diluted earnings per share.

  • Consolidated same store sales decreased 3.7%, primarily reflecting temporary store closures and capacity restrictions.
  • Global e-commerce sales increased 48%.
  • Consolidated gross margin was 50.3%, up 190 basis points compared to the prior year period.
  • GAAP diluted earnings per share of $0.50 and adjusted diluted earnings per share of $0.50, up 11% and 6%, respectively, compared to the prior year period.

Headline financials

Total Revenue

$936M

Previous: $980M-4.5%
EPS (adj)

$0.50

Previous: $0.47+6.4%
Consolidated Comparable Sales Growth

-3.7%

Previous: -0.3%-1133.3%
Adjusted EBITDA Margin

14.3%

Previous: 13.0%+10.0%
Capital Expenditures

-$15.5M

Previous: -$40.9M+62.1%
Free Cash Flow

$41.7M

Previous: $12.3M+238.0%
Net Income

$57.2M

Previous: $53.2M+7.5%
Operating Income

$104M

Previous: $94.4M+10.5%
Gross Profit

$471M

Previous: $475M-0.9%
Cash & Equivalents

$538M

Previous: $67.3M+699.3%
Total Assets

$3B

Previous: $2.68B+12.1%
Stock-Based Comp

$2.89M

Previous: $3.47M-16.7%

Revenue & EPS history

Sally Beauty · Revenue · Quarterly

$936M

Q1 2021-4.5%vs Q1 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Sally Beauty · $936M total across 2 segments · Q1 2021

  • Sally Beauty Supply
    $548M-3.8%
  • Beauty Systems Group
    $388M-5.5%

Forward guidance

The Company will provide perspective on its outlook for the second quarter during its earnings conference call. The Company will not be providing formal guidance at this time.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.9%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+1.8%

Avg return

30 days after

53%

36 / 68 earnings

Positive

+24.8%

Q2 2021

Best reaction

-17.4%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-6.9%-15.2%-6.8%
Q1 2026+5.2%+1.0%-7.6%
Q4 2025-1.7%-0.2%+5.6%
Q2 2025+22.2%+12.2%+12.1%
Q1 2025+4.5%+2.0%-0.7%
Q4 2024+7.0%+4.4%-0.5%
Q3 2024+8.4%+19.4%+27.2%
Q2 2024-1.5%+5.5%+5.3%
Q1 2024+2.8%+5.0%+2.6%
Q4 2023+12.1%+14.8%+61.3%
Q3 2023-4.1%-1.6%-11.9%
Q2 2023-15.8%-18.7%-13.9%
Q1 2023+9.1%+8.5%-0.5%
Q4 2022+8.4%+1.8%-7.9%
Q3 2022-0.8%+0.7%+5.8%
Q2 2022-5.6%-10.9%-9.2%
Q1 2022-1.4%-2.6%-2.8%
Q4 2021+12.8%+14.3%+15.3%
Q3 2021-14.0%-13.0%-14.0%
Q2 2021+24.8%+17.0%-1.1%
Q1 2021-7.8%-2.3%+14.4%
Q4 2020-4.9%+3.2%+8.0%
Q3 2020-12.8%-8.8%-12.9%
Q2 2020+2.7%+6.0%+61.9%
Q1 2020-17.4%-16.8%-20.7%
Q4 2019+19.6%+19.9%+13.3%
Q3 2019+9.8%+7.9%-1.0%
Q2 2019-8.3%-6.6%-14.2%
Q1 2019-1.5%-3.3%-2.0%
Q4 2018+15.8%+10.4%+2.7%
Q3 2018-13.8%-13.2%-6.1%
Q2 2018-12.6%-11.6%-11.0%
Q1 2018+8.2%+8.2%+11.5%
Q4 2017-1.3%+1.4%+8.0%
Q3 2017+2.2%+3.6%-6.3%
Q2 2017+1.1%+3.9%-8.4%
Q1 2017-7.0%-5.2%-10.1%
Q4 2016-10.7%-10.0%-7.5%
Q3 2016-11.3%-11.4%-7.2%
Q2 2016-5.8%
Q1 2016+13.7%
Q4 2015+7.3%
Q3 2015-9.5%
Q2 2015+1.5%
Q1 2015+3.6%
Q4 2014+2.9%
Q3 2014+1.7%
Q2 2014-7.8%
Q1 2014+5.9%
Q4 2013-0.6%
Q3 2013-9.3%
Q2 2013+1.0%
Q1 2013+0.7%
Q4 2012-1.5%
Q3 2012+1.8%
Q2 2012-0.2%
Q4 2011+5.4%
Q1 2012-0.5%
Q3 2011+1.6%
Q2 2011+7.8%
Q1 2010+15.0%
Q1 2011+1.5%
Q4 2008+2.8%
Q2 2010+2.8%
Q4 2010+2.8%
Q3 2009-0.3%
Q3 2010-0.3%
Q4 2009-0.3%

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