Sally Beauty Holdings Inc (SBH)
Operating profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 307,564 | 325,029 | 287,317 | 296,395 | 311,448 | 337,640 | 409,637 | 437,851 | 426,901 | 418,443 | 426,927 | 300,941 | 268,695 | 258,760 | 255,175 | 373,875 | 443,122 | 458,473 | 445,507 | 427,604 |
| Revenue (ttm) | US$ in thousands | 3,628,215 | 3,653,284 | 3,698,523 | 3,711,659 | 3,701,123 | 3,722,075 | 3,746,879 | 3,820,324 | 3,831,278 | 3,779,726 | 3,767,647 | 3,446,701 | 3,393,635 | 3,444,070 | 3,452,195 | 3,723,594 | 3,796,746 | 3,802,820 | 3,802,880 | 3,825,274 |
| Operating profit margin | 8.48% | 8.90% | 7.77% | 7.99% | 8.41% | 9.07% | 10.93% | 11.46% | 11.14% | 11.07% | 11.33% | 8.73% | 7.92% | 7.51% | 7.39% | 10.04% | 11.67% | 12.06% | 11.71% | 11.18% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $307,564K ÷ $3,628,215K
= 8.48%
Sally Beauty Holdings Inc's operating profit margin has exhibited a downward trend over the past eight quarters. In Q1 2024, the operating profit margin was 8.49%, slightly lower than the previous quarter's figure of 9.18%. This marks a continuation of the decline seen since Q3 2022, where the operating profit margin was at its peak at 11.34%.
The decreasing trend in the operating profit margin indicates that the company may be experiencing challenges in maintaining profitability and controlling costs. It is crucial for Sally Beauty Holdings Inc to closely monitor its operating expenses and revenue generation strategies to reverse this trend and improve its margins in the upcoming quarters.
Peer comparison
Dec 31, 2023