SBH
Sally Beauty Holdings, Inc.14.90
-0.01-0.07%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Reaffirms resilience, details Ignited gains.
Q&A largely reaffirmed prepared remarks on Q1 beats and FY26 guidance, with management stressing customer resilience amid macro hiccups like the shutdown. Sally shoppers proved steady, while BSG stylists stayed value-focused and trimmed add-ons. Fragrance resonates as a high-end dupe with existing customers; expansion hits 2,000 stores soon, but sizing awaits. Sally Ignited delivers mid-high single-digit new customer gains and higher ATV/UPT. Promos edged up slightly, yet margins held. Optimistic Q2 comps lean on easy lapping and color strength. Investors watch new category traction. Confident tone prevails.
Key Stats
Market Cap
1.46BP/E (TTM)
7.88Basic EPS (TTM)
1.89Dividend Yield
0%Recent Filings
8-K
Director resigns for Walmart
10-Q
Q1 FY2026 results
Sally Beauty's Q1 FY2026 net sales rose 0.6% y/y to $943.2M, with gross margin expanding 40 bps to 51.2% on Fuel for Growth gains, yet operating earnings fell 24.3% y/y to $75.9M after lapping last year's $26.6M headquarters sale gain in unallocated expenses. Diluted EPS dipped to $0.45 from $0.58 on 100.8K fewer shares (derived), while interest expense dropped 16.2% y/y to $14.6M from Term Loan B paydowns. Cash from operations surged to $93.2M, funding $35.8M capex; free cash flow not disclosed in the 10-Q. Debt stands at $855M ($600M senior notes 2032, $255M Term Loan B 2030), with $482.4M ABL availability and $157.2M cash. Share repurchases hit $20.7M. Sally thrives. Competition pressures pricing in salons.
8-K
Q1 sales up 0.6%, adj EPS +12%
Sally Beauty Holdings posted Q1 fiscal 2026 net sales of $943 million, up 0.6% with flat comps, while adjusted diluted EPS climbed 12% to $0.48 amid gross margin gains to 51.3%. Cash flow from operations hit $93 million, funding $20 million term loan repayment and $21 million share repurchases, trimming net debt leverage to 1.5x. Company raised low-end FY26 EPS guidance to $2.02-$2.10. Strategic initiatives advanced.
8-K
Annual meeting results affirm
Sally Beauty Holdings held its 2026 Annual Meeting on January 22, electing all ten director nominees, including Board Chair Diana S. Ferguson, with strong support exceeding 83 million 'for' votes each despite 4.35 million broker non-votes. Stockholders approved executive compensation on a non-binding basis (75.4 million for) and ratified KPMG as auditors (86.8 million for). Governance continuity locked in.
10-K
FY2025 results
Sally Beauty Holdings delivered FY2025 net sales of $3.7B, down 0.4% y/y amid FX headwinds, yet comparable sales ticked up 0.3% with e-commerce hitting 10.7% of total. Operating earnings surged 15.9% to $328M, margins expanding 130bps to 8.9% via Fuel for Growth efficiencies, while gross margins rose 70bps to 51.6% on freight savings and promotions. Q4 momentum showed in BSG's comps, offsetting Sally's softer traffic amid flu and weather drags. Debt fell $119M to $875M; repurchased 5M shares for $54M. No annual guidance disclosed. Store optimization closed 38 net locations. Intense competition threatens pricing power.
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