When it comes to the company's bottom line, results have been similarly mixed. Other issues, like the temporary impact caused by stimulus and inflationary pressures, have also proven to be problematic for them. When it comes to the sales volume, management attributed that largely to fewer stores that had an operation compared to the same time one year earlier, as well as lower traffic and conversion because of the COVID-19 pandemic and supply chain disruptions. The company was also hit to the tune of nearly $4 million across both segments combined as a result of foreign currency fluctuations. This came at a time when consolidated comparable sales actually improved to the tune of 0.2% year over year and was driven In large part by lower sales volume associated with its SBS segment to the tune of $10.4 million. On the other hand, for the latest quarter loan, sales of $911.4 million were lower than the $926.3 million generated in the second quarter of 2021. That's marginally higher than the $1.86 billion generated the same time one year earlier. In the first half of 2022, revenue came in at $1.89 billion. To be fair, some of this downside was definitely warranted given changes in the company's fundamental condition.
While the S&P 500 is down by 17.7% since the publication of that article, shares of Sally Beauty Holdings have generated a loss for investors of 29.2%. Unfortunately, that has not been the case this year. This led me to keep my 'bullish' rating on the firm, reflecting my belief that the business would likely continue to outperform the broader market moving forward. But ultimately, I felt as though it offered attractive long-term upside and this was driven, in large part, by how cheap shares were. I did not shy away from the fact that the firm does have some problems. In that article, I said that the company's performance had been positive in the months leading up to that time. A stylish prospect for your portfolioīack in January of this year, I wrote an article following up on Sally Beauty Holdings. But on the whole, shares of the business look cheap and it's likely that the long-term outlook for investors will prove positive. Because in truth, the company has seen a little bit of downside pressure from a revenue perspective and some of its profitability metrics have been mixed recently. fundamentally speaking, it would be unfair to say that any decline was unwarranted. A great example of this can be seen by looking at Sally Beauty Holdings ( NYSE: SBH ), a business that's focused on providing hair styling services and products to a large global network of stores and to various salons and licensed beauty professionals. This is that, when the market moves down significantly, it can often take quality companies that are trading on the cheap down with it unjustifiably. One of the greatest things about the stock market is also one of the worst.