Filing Flows › Sally Beauty Holdings (SBH) › Q4 FY24
Sally Beauty Holdings (SBH) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 14, 2024
Sally Beauty Holdings (SBH) reported revenue of $935M for the fourth quarter fiscal 2024 (Q4 FY24), +1% from a year earlier and -0.8% from the quarter before. Operating margin was 8.8%, net earnings $48.1M (5.1% of revenue).
Sally Beauty Holdings, Q4 FY24: revenue $935M (+2% year over year), operating margin 8.8%, net earnings $48.1M, operating cash flow $111M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $935M | -0.8% | +1% |
| Gross profit | $479M | -0.3% | +3% |
| Operating profit | $82.3M | +15% | +7% |
| Net earnings | $48.1M | +27% | +13% |
| Operating cash flow | $111M | +131% | -5% |
| Free cash flow | $73.3M | +155% | -18% |
What changed
Revenue was $935.0M in Q4 FY24, up 1% year over year and down 1% from the previous quarter. Sally Beauty Supply was the largest line at 57% of revenue.
Gross margin was 51.2%, up 0.6 points from a year earlier. Operating profit was $82.3M, a 8.8% margin (up 0.5 points year over year). Of the extra revenue versus a year earlier, 39% reached operating profit, above the 8% margin then. Operating expenses grew 2% against revenue growth of 1%. Net earnings were $48.1M, up 13% year over year. The effective tax rate was 25.4%.
Operating cash flow was $110.7M (down 5% year over year), 230% of net earnings. Non-cash charges added back $26.2M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items added $32.5M. Capital expenditures of $37.4M left free cash flow of $73.3M.
Questions
What was Sally Beauty Holdings' revenue in the fourth quarter fiscal 2024?
Sally Beauty Holdings (SBH) reported revenue of $935M for the fourth quarter fiscal 2024 (Q4 FY24), +1% from a year earlier and -0.8% from the quarter before.
Was Sally Beauty Holdings profitable in the fourth quarter fiscal 2024?
Operating profit was $82.3M (8.8% of revenue) and net earnings $48.1M.