Sally Beauty (NYSE:SBH) Releases Quarterly Earnings Results

Sally Beauty (NYSE:SBH) posted its quarterly earnings results on Thursday. The specialty retailer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03, MarketWatch Earnings reports. The business had revenue of $936.02 million during the quarter, compared to analysts’ expectations of $967.74 million. Sally Beauty had a negative return on equity of 535.36% and a net margin of 3.22%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS.

Shares of NYSE:SBH traded down $0.16 on Thursday, reaching $15.80. 123,512 shares

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Sally Beauty (NYSE:SBH) Reaches New 1-Year High Following Earnings Beat

Sally Beauty Holdings, Inc. (NYSE:SBH)’s stock price hit a new 52-week high on Thursday following a stronger than expected earnings report. The company traded as high as $17.15 and last traded at $15.67, with a volume of 14947 shares changing hands. The stock had previously closed at $15.96.

The specialty retailer reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.03. Sally Beauty had a net margin of 3.22% and a negative return on equity of 535.36%. The business had revenue of $936.02 million for the quarter, compared to the consensus estimate of $967.74 million.

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