--- title: "Sally Beauty | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 943.17 M" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/275311249.md" datetime: "2026-02-09T11:47:40.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275311249.md) - [en](https://longbridge.com/en/news/275311249.md) - [zh-HK](https://longbridge.com/zh-HK/news/275311249.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/275311249.md) | [English](https://longbridge.com/en/news/275311249.md) # Sally Beauty | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 943.17 M Revenue: As of FY2026 Q1, the actual value is USD 943.17 M, beating the estimate of USD 940.15 M. EPS: As of FY2026 Q1, the actual value is USD 0.45, missing the estimate of USD 0.465. EBIT: As of FY2026 Q1, the actual value is USD 75.94 M. ### Fiscal 2026 First Quarter Summary (Three Months Ended December 31, 2025) #### Consolidated Operational Metrics - Consolidated comparable sales were flat . - Global e-commerce sales reached $111 million, representing 11.7% of net sales . - GAAP gross margin was 51.2%, an expansion of 40 basis points . - Adjusted Gross Margin was 51.3%, expanding by 50 basis points . - GAAP selling, general and administrative expenses totaled $407 million, an increase of $31 million compared to the prior year . - Adjusted Selling, General and Administrative Expenses were $404 million, an increase of $6 million compared to the prior year . - GAAP operating earnings were $76 million, with a GAAP operating margin of 8.1% . - Adjusted Operating Earnings were $80 million, with an Adjusted Operating Margin of 8.5% . - Adjusted EBITDA was $111,042 thousand, an increase of 0.8% compared to $110,167 thousand in the prior year . - Adjusted EBITDA margin was 11.8%, an increase of 10 basis points compared to 11.7% in the prior year . #### Cash Flow - Cash flow from operations was $93 million . - Free Cash Flow was $57 million . ### Segment Results (Three Months Ended December 31, 2025 vs. 2024) #### Sally Beauty (Sally) - **Segment Revenue:** Net Sales were $531,601 thousand in 2025, up 1.2% from $525,446 thousand in 2024 . - **Operational Metrics:** - Comparable Sales Growth was 0.1% in 2025, a change of -160 basis points from 1.7% in 2024 . - Gross Margin was 59.8% in 2025, an increase of 20 basis points from 59.6% in 2024 . - Operating Earnings were $77,897 thousand in 2025, a decrease of -2.5% from $79,874 thousand in 2024 . - Operating Margin was 14.7% in 2025, a decrease of -50 basis points from 15.2% in 2024 . - **Unique Metrics:** The number of stores was 3,090 as of December 31, 2025, a decrease of 33 stores from 2024 . #### Beauty Systems Group (BSG) - **Segment Revenue:** Net Sales were $411,567 thousand in 2025, down -0.2% from $412,449 thousand in 2024 . - **Operational Metrics:** - Comparable Sales Growth was -0.2% in 2025, a change of -160 basis points from 1.4% in 2024 . - Gross Margin was 40.2% in 2025, an increase of 50 basis points from 39.7% in 2024 . - Operating Earnings were $53,907 thousand in 2025, an increase of 6.8% from $50,469 thousand in 2024 . - Operating Margin was 13.1% in 2025, an increase of 90 basis points from 12.2% in 2024 . - **Unique Metrics:** - Company-operated stores totaled 1,194 as of December 31, 2025, a decrease of 5 stores from 2024 . - Franchise stores remained unchanged at 131 as of December 31, 2025 . - Total BSG stores were 1,325 as of December 31, 2025, a decrease of 5 stores from 2024 . - The number of BSG salon business consultants was 590 as of December 31, 2025, a decrease of 49 from 2024 . ### Balance Sheet Highlights (As of December 31, 2025) - Cash and cash equivalents were $157,185 thousand . - Inventory was $978,789 thousand, down 2.7% versus a year ago . - Total current assets amounted to $1,285,685 thousand . - Total assets were $2,850,778 thousand . - Total current liabilities were $542,170 thousand . - Long-term debt, including capital leases, stood at $842,531 thousand . - Total liabilities were $2,027,213 thousand . - Total stockholders’ equity was $823,565 thousand . - The net debt leverage ratio was 1.5x . ### Cash Flow Activities - 莎莉美容 (Sally Beauty Holdings, Inc.) repaid $20 million in term loan B debt . - The company repurchased 1.4 million shares at an aggregate cost of $21 million . ### Fiscal Year 2026 Guidance For the second quarter, 莎莉美容 (Sally Beauty Holdings, Inc.) expects consolidated net sales between $895 million to $905 million, with comparable sales projected to be up 0.5% to 1.5% and adjusted operating earnings between $68 million to $71 million . The company maintains its full-year fiscal 2026 outlook for consolidated net sales, comparable sales, and adjusted operating earnings . Additionally, capital expenditures are estimated at approximately $100 million and free cash flow at approximately $200 million for the full year . ### 相關股票 - [Sally Beauty (SBH.US)](https://longbridge.com/zh-HK/quote/SBH.US.md) ## 相關資訊與研究 - [Artemis Electricals Promoters Report No Share Encumbrances for FY 2026](https://longbridge.com/zh-HK/news/281624367.md) - [Endeavour To Announce Its Q1 2026 Results On 30 April 2026 | EDVMF Stock News](https://longbridge.com/zh-HK/news/281490237.md) - [AerCap Holdings N.V. to Release First Quarter 2026 Financial Results on April 29, 2026 | AER Stock News](https://longbridge.com/zh-HK/news/281634461.md) - [SILICOM'S FIRST QUARTER 2026 RESULTS RELEASE SCHEDULED FOR APRIL 30, 2026 | SILC Stock News](https://longbridge.com/zh-HK/news/281187073.md) - [Wealth First Promoters Confirm 74% Stake With No Encumbrance in FY26](https://longbridge.com/zh-HK/news/281530653.md)