Exhibit 99.1

 

 

 

Contact: Jeff Harkins

Investor Relations

940-297-3877

jharkins@sallybeauty.com

 

Sally Beauty Holdings Reports Fourth Quarter and Full Year Fiscal 2021 Results; Provides Fiscal 2022 Outlook

 

Q4 GAAP Diluted EPS of $0.59; Adjusted Diluted EPS of $0.64

Q4 GAAP Operating Margin of 11.2%; Adjusted Operating Margin of 11.7%

 

DENTON, Texas, November 11, 2021 – Sally Beauty Holdings, Inc. (NYSE: SBH) (“the Company”), the leader in professional hair color, today announced financial results for its fourth quarter and full year ended September 30, 2021. The Company will hold a conference call today at

7:30 a.m. Central Time to discuss the results.

 

Fiscal 2021 Fourth Quarter Summary

 

 

Consolidated net sales increased 3.4% to $990 million with a same store sales increase of 2.1%;

 

 

Global e-commerce sales were $71 million, representing 7.1% of net sales;

 

 

Gross margin of 50.6%, down 50 basis points compared to the prior year;

 

 

GAAP operating earnings of $111 million and GAAP operating margin of 11.2%, Adjusted Operating Earnings of $116 million and Adjusted Operating Margin of 11.7%;

 

 

Interest expense of $20 million compared to $28 million in the prior year, reflecting the Company’s deleveraging efforts;

 

 

GAAP diluted net earnings per share of $0.59 and Adjusted Diluted Net Earnings Per Share of $0.64; and

 

 

Strong cash flow from operations of $164 million, primarily driven by strong earnings and timing of working capital requirements.

 

 

Fiscal 2021 Full Year Summary

 

 

Consolidated net sales increased 10.3% to $3.87 billion, with a same store sales increase of 10.2%;

 

 

Global e-commerce sales were $281 million, representing 7.2% of net sales;

 

 

Gross margin expanded 160 basis points to 50.4% compared to the prior year;

 

 

GAAP operating earnings of $418 million and GAAP operating margin of 10.8%, Adjusted Operating Earnings of $461 million and Adjusted Operating Margin of 11.9%;

 

 

GAAP diluted net earnings per share of $2.10 and Adjusted Diluted Net Earnings Per Share of $2.40;

 

 

Strong cash flow from operations of $382 million;

 

 

Strong liquidity position, cash and cash equivalents of $401 million with no outstanding borrowings under the $500 million asset-based revolving line of credit at year end; and

 

 

Retired approximately $420 million of debt during the fiscal year.

 

 


The following information was filed by Sally Beauty Holdings, Inc. (SBH) on Friday, November 12, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Sally Beauty Holdings, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Sally Beauty Holdings, Inc..

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account