NYSE$SBH
Sally Beauty Holdings Inc. · Q1 2025 earnings
Q1 2025 earnings · · Before market open · Investor relations
Briefing
Started fiscal year 2025 with top line growth in both business segments and consolidated operating margin expansion.
Sally Beauty Holdings reported a solid start to fiscal year 2025, with consolidated net sales increasing by 0.7% to $938 million and comparable sales increasing by 1.6%. The company's GAAP operating margin expanded by 330 basis points to 10.7%, and adjusted operating margin expanded by 50 basis points to 8.4%.
- Consolidated net sales increased 0.7% and consolidated comparable sales increased 1.6%.
- GAAP operating margin expanded 330 basis points to 10.7%; adjusted operating margin expanded 50 basis points to 8.4%.
- Cash flow from operations was $33 million and operating free cash flow was $57 million.
- Beauty Systems Group announced a distribution partnership with K18.
Headline financials
Revenue & EPS history
Sally Beauty · Revenue · Quarterly
$938M
Revenue by segment
Sally Beauty · $921M total across 2 segments · Q4 2023
- Sally Beauty Supply$525M-5.3%56.9%
- Beauty Systems Group$397M-2.9%43.1%
Forward guidance
The Company is reiterating its full year guidance for both comparable sales and Adjusted Operating Margin, and is updating its consolidated net sales guidance to reflect the unfavorable impact from foreign exchange rates for fiscal year 2025.
Tailwinds
- Comparable sales are expected to be approximately flat compared to the prior year.
- Adjusted Operating Margin is expected to be in the range of 8.0% to 8.3%.
- Comparable sales are expected to be flat to up 2% compared to the prior year.
- Adjusted Operating Margin is expected to be in the range of 8.5% to 9.0%.
- Consistent with prior guidance.
Headwinds
- Consolidated net sales are expected to be approximately 100 basis points lower than comparable sales due to the expected unfavorable impact from foreign exchange rates.
- Consolidated net sales are now expected to be approximately 100 basis points lower than comparable sales due to the expected unfavorable impact from foreign exchange rates.
- Due to the inherent difficulty of forecasting the occurrence and the financial impact of various items that have not yet occurred, are out of the Company’s control or cannot be reasonably predicted.
- The Company does not provide a reconciliation for forward-looking non-GAAP financial measures where it is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort.
- Forward-looking non-GAAP financial measures provided without the most directly comparable GAAP financial measures may vary materially from the corresponding GAAP financial measures.
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 2025
+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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