Sally Beauty Holdings Q1 Adj. EPS $0.39 Beats $0.37 Estimate, Sales $931.30M Beat $929.56M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sally Beauty Holdings (SBH) reported Q1 adjusted EPS of $0.39, surpassing the $0.37 estimate, with sales of $931.30M also beating the $929.56M estimate. However, this represents a 25% decrease in earnings and a 2.69% decrease in sales from the same period last year.
February 01, 2024 | 12:01 pm
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Sally Beauty Holdings reported a Q1 EPS of $0.39, beating estimates, and sales of $931.30M, also above expectations. However, both earnings and sales saw a decrease from the previous year.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decrease in earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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