SBH
07:17 AM EDT, 05/05/2022 (MT Newswires) -- Sally Beauty Holdings (SBH) reported fiscal Q2 adjusted net earnings early Thursday of $0.47 per diluted share, compared with $0.57 a year earlier.
Analysts polled by Capital IQ expected $0.51.
Net sales for the quarter ended March 31 were $911.4 million, down from $926.3 million a year earlier. Analysts surveyed by Capital IQ expected $951.2 million.
The company said it now expects fiscal 2022 net sales to be flat to down 2% year over year, compared with its prior growth forecast of 3% to 4%. Analysts surveyed by Capital IQ expect net sales for the year to come in at $3.98 billion. Sally Beauty cited the impact of inflationary pressures and supply chain challenges as headwinds to its original fiscal 2022 guidance.
Sally Beauty's shares were down 4.1% in premarket trading.
Price: 15.3, Change: -0.65, Percent Change: -4.08
