THE WHAT? Sally Beauty has reported a Q2 net sales decrease of 1.6 percent YOY to US$911 million.
THE DETAILS Global e-commerce sales were US$81 million or 8.9% of consolidated net sales for the quarter.
Consolidated gross profit for the second quarter was US$465.3 million compared to US$467.2 million in the prior year, a decrease of 0.4 percent.
Net sales for the Sally Beauty Supply were US$525.8 million in the quarter, a decrease of 3.1 percent compared to the prior year, while the Beauty Systems Group saw net sales of US$385.6 million, a YOY 0.5 percent increase.
THE WHY? The company stated it was operating 142 fewer stores at the end of the quarter compared to the prior year, while foreign currency translation had an unfavorable impact of 50 basis points on consolidated net sales for the quarter.
Denise Paulonis, President and Chief Executive Officer, “After a strong start to the year, we experienced greater than expected pressure on the top line as supply chain and inflationary challenges intensified in the back half of the quarter and we lapped the stimulus benefits of 2021.
“While these factors impacted net sales, we delivered healthy gross margins above 51 percent and adjusted earnings per share of US$0.47. As we navigate the ongoing macro environment, we remain confident in the underlying strength of our business and the resiliency of our core color and care customers.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
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Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
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Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
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Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
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Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
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Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
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Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
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Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
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Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
