NYSE$SBH

Sally Beauty Holdings Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported strong sales and profit growth.

Sally Beauty Holdings reported a strong third quarter for fiscal year 2021, driven by strengthening consumer demand and solid execution. Consolidated net sales reached $1.02 billion with a same store sales increase of 44.7%. GAAP diluted EPS was $0.66, and adjusted diluted EPS was $0.68.

  • Consolidated net sales reached $1.02 billion with a same store sales increase of 44.7%.
  • Global e-commerce sales were $71 million, representing 7.0% of net sales.
  • GAAP operating margin was 12.5%, while adjusted operating margin was 12.6%.
  • Cash and cash equivalents stood at $270 million, with debt levels reduced by $205 million.

Headline financials

Total Revenue

$1.02B

Previous: $705M+45.0%
EPS (adj)

$0.68

Previous: -$0.11+718.2%
Consolidated Comparable Sales Growth

44.7%

Previous: -26.6%+268.0%
Adjusted EBITDA Margin

15.3%

Previous: 10.4%+47.1%
Capital Expenditures

-$44.9M

Previous: -$89.7M+50.0%
Free Cash Flow

$31.3M

Previous: -$113M+127.6%
Net Income

$76.2M

Previous: -$23.5M+423.9%
Operating Income

$127M

Previous: $1.43M+8804.1%
Gross Profit

$514M

Previous: $322M+59.8%
Cash & Equivalents

$270M

Previous: $839M-67.8%
Total Assets

$2.78B

Previous: $3.2B-13.1%
Stock-Based Comp

$2.62M

Previous: $2.56M+2.1%

Revenue & EPS history

Sally Beauty · Revenue · Quarterly

$1.02B

Q3 2021+45%vs Q3 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Sally Beauty · $1.02B total across 2 segments · Q3 2021

  • Sally Beauty Supply
    $603M+45.1%
  • Beauty Systems Group
    $420M+44.8%

Forward guidance

The Company will provide perspective on its outlook for the fourth quarter during its earnings conference 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 2021

Historical avgQ3 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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