NYSE$SBH
Sally Beauty Holdings Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported strong sales, gross margin, and profit growth for the first quarter of fiscal year 2022.
Sally Beauty Holdings reported a solid first quarter in fiscal year 2022, marked by a 4.7% increase in consolidated net sales to $980 million and a comparable sales increase of 6.1%. The company's gross margin improved to 51.0%, and profitability saw significant improvement.
- Consolidated net sales increased by 4.7% to $980 million, with a comparable sales increase of 6.1%.
- Global e-commerce sales reached $81 million, accounting for 8.3% of net sales.
- Gross margin improved to 51.0%, up 70 basis points compared to the prior year.
- GAAP diluted net earnings per share increased to $0.60, and Adjusted Diluted Net Earnings Per Share increased to $0.63, a 26% increase compared to the prior year.
Headline financials
Revenue & EPS history
Sally Beauty · Revenue · Quarterly
$980M
Revenue by segment
Sally Beauty · $980M total across 2 segments · Q1 2022
- Sally Beauty Supply$562M+2.5%57.3%
- Beauty Systems Group$419M+7.8%42.7%
Forward guidance
The Company is reiterating its full year guidance for fiscal year 2022.
Tailwinds
- Net sales are expected to increase 3% to 4% compared to the prior year.
- Gross margin is expected to expand by 40 to 60 basis points compared to the prior year.
- GAAP operating margin is expected to increase by approximately 90 to 110 basis points compared to fiscal year 2021.
- Focus on optimizing store portfolio.
- Leveraging digital platform, driving loyalty and personalization.
Headwinds
- Net store count is expected to decrease by approximately 1% to 2% for the fiscal year, reflecting the Company’s focus on optimizing its store portfolio.
- Dynamic macro environment, including the recent omicron surge.
- Supply chain challenges.
- Planned marketing investments.
- Increased expenses from international markets related to re-opening.
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 2022
+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
| Quarter | Report date | Reaction (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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