Sally Beauty Holdings, Inc. (NYSE:SBH) Q4 2022 Earnings Conference Call November 10, 2022 8:30 AM ET

Company Participants

Jeff Harkins - VP, IR & Strategic Planning

Denise Paulonis - President, CEO & Director

Marlo Cormier - SVP & CFO

Conference Call Participants

Rupesh Parikh - Oppenheimer

Oliver Chen - Cowen

Olivia Tong - Raymond James

Ashley Helgans - Jefferies

Operator

Good morning ladies and gentlemen and welcome to the Sally Beauty Holdings Conference Call to discuss the company's Fiscal 2022 Fourth Quarter Results. All participants have been placed in a listen-only mode. After management's prepared remarks, there will be a question-and-answer session. [Operator Instructions]

Now I would like to turn the call over to Jeff Harkins, Vice President of Investor Relations and Treasurer for Sally Beauty Holdings. Please go ahead sir.

Jeff Harkins

Thank you. Good morning everyone and thanks for joining us today. With me on the call today are Denise Paulonis, President and Chief Executive Officer, and Marlo Cormier, Chief Financial Officer.

Before we begin, I want to remind everyone that we have made a presentation available for today's call that can be viewed from the link provided on our investor site at sallybeautyholdings.com. I would also like to remind you that management's remarks on this call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors, including those discussed in the risk factors section of our most recent annual report on Form 10-K and other filings with the SEC. Any forward-looking statements made in this call represent our views only as of today and we undertake no obligations to update them. The company has provided a detailed explanation and reconciliations of its adjusting items and non-GAAP financial measures and its earnings press release and on its website.

Now I'd like to turn the call over to Denise to begin the formal remarks.

Denise Paulonis

Thank you Jeff, and good morning everyone. In fiscal 2022, we delivered full year net sales of $3.8 billion, gross margin over 50% and adjusted EBITDA of more than $500 million. We did this by leveraging our people, platforms and scale to the light our core Sally Beauty customers and BSG stylists admits persistent inflationary pressures, and supply chain disruptions.

I'm particularly proud of our team's ability to navigate the numerous macro challenges of the past few years, becoming more agile and focused organization overall. Importantly, during our transformational period from 2017 to 2021 we built the infrastructure and key foundational elements to take our business well into the future, including our CRM platforms, our advanced digital commerce capabilities, and our enhanced supply chain.