NYSE$SBH

Sally Beauty Holdings Inc. · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Sally Beauty Holdings, Inc. announced third quarter results, reporting a decrease in consolidated net sales due to COVID-19 impacts, partially offset by e-commerce growth. The company focused on cash management and digital growth during the disrupted quarter.

Sally Beauty Holdings reported a decrease in consolidated net sales by 27.7% to $705.3 million, impacted by COVID-19 related store shutdowns. E-commerce sales grew by 278% to $137 million. GAAP diluted EPS was a loss of $0.21, while adjusted diluted EPS was a loss of $0.11. The company ended the quarter with $839 million in cash.

  • Cash on balance sheet at quarter end was $839 million.
  • E-commerce sales reached $137 million, a 278% increase year-over-year.
  • Consolidated same store sales decreased 26.6% for Q3 but increased 10.8% for June.
  • GAAP diluted EPS was a loss of $0.21, and adjusted diluted EPS was a loss of $0.11.

Headline financials

Total Revenue

$705M

Previous: $975M-27.7%
EPS (adj)

-$0.11

Previous: $0.60-118.3%
Consolidated Comparable Sales Growth

-26.6%

Previous: 0.1%-26700.0%
Adjusted EBITDA Margin

10.4%

Previous: 15.5%-32.9%
Capital Expenditures

-$89.7M

Previous: -$66.8M-34.4%
Free Cash Flow

-$113M

Previous: $4.4M-2673.6%
Net Income

-$23.5M

Previous: $71.2M-133.1%
Operating Income

$1.43M

Previous: $120M-98.8%
Gross Profit

$322M

Previous: $482M-33.3%
Cash & Equivalents

$839M

Previous: $57.9M+1349.9%
Total Assets

$3.2B

Previous: $2.07B+54.3%
Stock-Based Comp

$2.56M

Previous: $1.86M+38.0%

Revenue & EPS history

Sally Beauty · Revenue · Quarterly

$705M

Q3 2020-27.7%vs Q3 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Sally Beauty · $705M total across 2 segments · Q3 2020

  • Sally Beauty Supply
    $415M-27.7%
  • Beauty Systems Group
    $290M-27.6%

Forward guidance

Due to the uncertainty from COVID-19, the Company withdrew its full-year financial guidance for fiscal year 2020 and is not issuing financial guidance in connection with its third quarter earnings call.

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 Q3 2020

Historical avgQ3 2020

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro