Sally Beauty beats by $0.03, reports revs in-line; sees FY 19 EPS in-line
- Reports Q4 (Sep) earnings of $0.51 per share, excluding non-recurring items, $0.03 better thanthe S&P Capital IQ Consensus of $0.48; revenues fell 0.8% year/year to $966 mln vs the $965.98 mln S&P Capital IQ Consensus. Consolidated same store sales decreased 0.2% in the quarter.
- Adjusted operating earnings and operating margin (excluding charges related to the Company's transformation efforts in both years) were $112.2 million and 11.6%, respectively, compared to $120.2 million and 12.3%, respectively, in the prior year.
Fiscal Year 2019 Guidance
- The Company expects full year consolidated same store sales to be approximately flat.
- Full year gross margin is expected to be approximately flat compared to the prior year.
- Full year adjusted operating earnings and operating margin are expected to decline slightly as compared to the prior year, driven primarily by an improvement in same store sales offset by the slightly higher adjusted selling, general and administrative expenses referred to above.
- Current estimate is for FY 19 adj. EPS of $2.11
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