Filing Flows › Sally Beauty Holdings (SBH) › Q1 FY26
Sally Beauty Holdings (SBH) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 9, 2026
Sally Beauty Holdings (SBH) reported revenue of $943M for the first quarter fiscal 2026 (Q1 FY26), +0.6% from a year earlier and -0.4% from the quarter before. Operating margin was 8.1%, net earnings $45.6M (4.8% of revenue).
Sally Beauty Holdings, Q1 FY26: revenue $943M (+0.6% year over year), operating margin 8.1%, net earnings $45.6M, operating cash flow $93.2M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $943M | -0.4% | +0.6% |
| Gross profit | $483M | -2% | +1% |
| Operating profit | $75.9M | -5% | -24% |
| Net earnings | $45.6M | -9% | -25% |
| Operating cash flow | $93.2M | -23% | +179% |
| Free cash flow | $57.5M | -26% | +329% |
What changed
Revenue was $943.2M in Q1 FY26, up 1% year over year and roughly flat from the previous quarter.
Gross margin was 51.2%, up 0.4 points from a year earlier. Operating profit was $75.9M, a 8.1% margin (down 2.6 points year over year). Operating profit fell $24.4M even though revenue rose $5.3M versus a year earlier, so costs grew faster than sales. Operating expenses grew 8% against revenue growth of 1%. Net earnings were $45.6M, down 25% year over year. The effective tax rate was 25.7%.
Operating cash flow was $93.2M (up 179% year over year), 205% of net earnings. Non-cash charges added back $23.6M of depreciation and amortization and $7.6M of share-based compensation. Working capital and other items added $16.5M. Capital expenditures of $35.8M left free cash flow of $57.5M.
Questions
What was Sally Beauty Holdings' revenue in the first quarter fiscal 2026?
Sally Beauty Holdings (SBH) reported revenue of $943M for the first quarter fiscal 2026 (Q1 FY26), +0.6% from a year earlier and -0.4% from the quarter before.
Was Sally Beauty Holdings profitable in the first quarter fiscal 2026?
Operating profit was $75.9M (8.1% of revenue) and net earnings $45.6M.