Filing Flows › Sally Beauty Holdings (SBH) › Q3 FY25
Sally Beauty Holdings (SBH) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Aug 5, 2025
Sally Beauty Holdings (SBH) reported revenue of $933M for the third quarter fiscal 2025 (Q3 FY25), -1% from a year earlier and +6% from the quarter before. Operating margin was 8.4%, net earnings $45.7M (4.9% of revenue).
Sally Beauty Holdings, Q3 FY25: revenue $933M (-1% year over year), operating margin 8.4%, net earnings $45.7M, operating cash flow $69.4M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $933M | +6% | -1% |
| Gross profit | $481M | +5% | 0% |
| Operating profit | $78.2M | +13% | +9% |
| Net earnings | $45.7M | +17% | +21% |
| Operating cash flow | $69.4M | +36% | +45% |
| Free cash flow | $49.1M | +53% | +71% |
What changed
Revenue was $933.3M in Q3 FY25, down 1% year over year and up 6% from the previous quarter. Sally Beauty Supply was the largest line at 56% of revenue. Sally Beauty Supply lost $9.8M year over year (down 2%), 108% of the total change.
Gross margin was 51.5%, up 0.5 points from a year earlier. Operating profit was $78.2M, a 8.4% margin (up 0.8 points year over year). Operating expenses fell 2% while revenue fell 1%. Net earnings were $45.7M, up 21% year over year. The effective tax rate was 26.8%.
Operating cash flow was $69.4M (up 45% year over year), 152% of net earnings. Non-cash charges added back $24.7M of depreciation and amortization and $4.5M of share-based compensation. Working capital and other items used $5.5M. Capital expenditures of $20.3M left free cash flow of $49.1M.
Questions
What was Sally Beauty Holdings' revenue in the third quarter fiscal 2025?
Sally Beauty Holdings (SBH) reported revenue of $933M for the third quarter fiscal 2025 (Q3 FY25), -1% from a year earlier and +6% from the quarter before.
Was Sally Beauty Holdings profitable in the third quarter fiscal 2025?
Operating profit was $78.2M (8.4% of revenue) and net earnings $45.7M.