- Sally Beauty (NYSE:SBH -4.5%) reports same-store sales declined 1.4% in Q4.
- Segment sales: Sally Beauty Supply: $584.4M (-0.8%); Beauty Systems Group: $389.8M (+0.7%).
- Segment same-store sales growth: Sally Beauty Supply: -2.5%; Beauty Systems Group: +1%.
- Gross margin rate flat at 49.5%.
- SG&A expense rate improved 110 bps to 34.3%.
- Adjusted operating margin rate down 30 bps to 12.3%.
- Adjusted EBITDA margin fell 30 bps to 15.4%.
- Inventory +2.6% to $930.9M.
- Total store count +31 Y/Y to 5,150.
- FY2018 Guidance: Same-store sales: ~flat; Gross margin rate: ~+10 bps; Adjusted SG&A expense rate: ~37.7%; Adjusted operating margin rate: decline slightly.
Sally Beauty missed estimates
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Symbol | Last Price | % Chg |
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SBH | - | - |
Sally Beauty Holdings, Inc. |