Filing Flows › Sally Beauty Holdings (SBH) › Q2 FY25
Sally Beauty Holdings (SBH) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 12, 2025
Sally Beauty Holdings (SBH) reported revenue of $883M for the second quarter fiscal 2025 (Q2 FY25), -3% from a year earlier and -6% from the quarter before. Operating margin was 7.9%, net earnings $39.2M (4.4% of revenue).
Sally Beauty Holdings, Q2 FY25: revenue $883M (-3% year over year), operating margin 7.9%, net earnings $39.2M, operating cash flow $51.1M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $883M | -6% | -3% |
| Gross profit | $459M | -4% | -0.9% |
| Operating profit | $69.4M | -31% | +16% |
| Net earnings | $39.2M | -36% | +34% |
| Operating cash flow | $51.1M | +53% | +38% |
| Free cash flow | $32.2M | +140% | +41% |
What changed
Revenue was $883.1M in Q2 FY25, down 3% year over year and down 6% from the previous quarter. Sally Beauty Supply was the largest line at 57% of revenue. Sally Beauty Supply lost $12.7M year over year (down 2%), 50% of the total change.
Gross margin was 52.0%, up 1.0 points from a year earlier. Operating profit was $69.4M, a 7.9% margin (up 1.3 points year over year). Operating expenses fell 3% while revenue fell 3%. Net earnings were $39.2M, up 34% year over year. The effective tax rate was 26.1%.
Operating cash flow was $51.1M (up 38% year over year), 130% of net earnings. Non-cash charges added back $25.4M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items used $17.7M. Capital expenditures of $18.9M left free cash flow of $32.2M.
Questions
What was Sally Beauty Holdings' revenue in the second quarter fiscal 2025?
Sally Beauty Holdings (SBH) reported revenue of $883M for the second quarter fiscal 2025 (Q2 FY25), -3% from a year earlier and -6% from the quarter before.
Was Sally Beauty Holdings profitable in the second quarter fiscal 2025?
Operating profit was $69.4M (7.9% of revenue) and net earnings $39.2M.