Sally Beauty Holdings, Inc. Reiterates Full Year Guidance for Fiscal Year 2022
February 02, 2022 at 06:45 am EST
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Sally Beauty Holdings, Inc. announced that the company is reiterating its full year guidance for fiscal year 2022 announced that notwithstanding the backdrop of a dynamic macro environment, including the recent omicron surge and supply chain challenges, the Company is reiterating its full year guidance for fiscal year 2022 as outlined below: Net sales are expected to increase 3% to 4% compared to the Net store count is expected to decrease by approximately 1% to 2% for the fiscal year, reflecting the Company's focus on optimizing its store portfolio; GAAP operating margin is expected to increase by approximately 90 to 110 basis points compared to fiscal year 2021.
Sally Beauty Holdings, Inc. is an international specialty retailer and distributor of professional beauty supplies with operations primarily in North America, South America, and Europe. The Company operates through two business segments: Sally Beauty Supply (SBS) and Beauty Systems Group (BSG). The SBS segment is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers, primarily in North America, Puerto Rico, and parts of Europe and South America. The BSG segment includes its franchise-based business Armstrong McCall, a service distributor of beauty products and supplies that offers professional beauty products directly to salons and salon professionals through its professional-only stores, e-commerce platforms and its own sales force in partially geographical territories in the United States and Canada. The Company operates approximately 4,486 company-operated stores.
SALLY BEAUTY HOLDINGS, INC. 
