Sally Beauty Holdings Inc., a leader in professional hair color, has shared financial results for its second quarter ended March 31, 2021.
 
Consolidated same store sales increased 6.5%, primarily reflecting the favorable impact in the U.S. from improving consumer confidence, government stimulus payments and the easing of Covid-19 restrictions in salons. This was partially offset by continued Covid-19 mandated store closures in parts of the company’s international territories and salon closures in California in January while operating 71 fewer stores compared to the prior year. Global e-commerce sales increased 56%.
 
“We are pleased to report strong financial results across all of our key measures despite extensive store closures in parts of our international territories and salon closures in California in January,” said Chris Brickman, president and CEO. “In the U.S., we saw an acceleration in consumer demand in the latter part of the quarter, which drove a net sales increase of 6.3%. Our top line performance, coupled with ongoing strength in gross margin, resulted in significant earnings per share growth compared to the prior year.”
 
Brickman continued, “In the second half of the year, we will continue to focus on growing customer engagement and loyalty, leveraging our new capabilities in support of our mission to recruit and retain color customers, and implementing the remaining steps in our successful transformation journey, which remains on track to be substantially completed by the end of the year. It is clear that the capabilities we’ve been building across digital, customer engagement and supply chain are bearing fruit and position us to drive sustainable long-term growth.”
 
The company will provide perspective on its outlook for the third quarter during its earnings conference call. The company will not be providing formal guidance at this time.