Published on 8 May 2024 on GuruFocus.com via Yahoo Finance
Sally Beauty Holdings Inc (SBH) Q2 Fiscal 2024 Earnings: A Detailed Review
Revenue: Reported at $908 million, marking a decrease of 1.1% year-over-year, falling short of the estimated $939.89 million.Net Income: Achieved $29.2 million, down 28.4% year-over-year, far below below the estimated $59.46 million.Earnings Per Share (EPS): Adjusted EPS stood at $0.35, far below the estimated $0.55.Operating Free Cash Flow: Recorded at $23 million, with a total cash flow from operations of $37 million.Gross Margin: Maintained at 51.0%, consistent with the previous year, despite a challenging economic environment.Global E-commerce Sales: Totaled $90 million, representing 9.9% of net sales, highlighting ongoing digital sales strength.Store Count: Slightly reduced to 3,134 from 3,143 year-over-year, reflecting a modest consolidation of retail locations.
Warning! GuruFocus has detected 4 Warning Sign with SBH.