Sally Beauty Holdings Q3 Adj. EPS $0.49, Inline, Sales $931.01M Miss $947.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sally Beauty Holdings (NYSE:SBH) reported Q3 adjusted earnings of $0.49 per share, in line with analyst consensus. However, the company's quarterly sales of $931.01 million missed the analyst consensus estimate of $947.70 million by 1.76 percent. This represents a 3.17 percent decrease over sales from the same period last year.
August 04, 2023 | 12:52 pm
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Sally Beauty Holdings reported Q3 earnings in line with estimates but missed on sales, which could negatively impact the stock.
Sally Beauty Holdings' Q3 earnings were in line with analyst expectations, which is generally positive for the stock. However, the company missed on sales, which is a negative factor. This mixed report could lead to uncertainty among investors and potentially put downward pressure on the stock in the short term.
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