U.S. Movers: Aramark, Henry Schein, Home Depot, Sally Beauty Holdings

  • Scott Peters
  • U.S.A. New York City
  • Nov 14, 2023
  • Henry Schein lowered its annual sales outlook after the company is still recovering from the recent cyberattack incidence. Aramark reported strong quarterly sales but offered a lower sales growth outlook. Home Depot estimated the same store sales growth weakness to persist.

    Home Depot Inc. advanced 3.5% to $299.23 after the specialty retailer reported quarterly results and issued a muted outlook.

    Revenue in the third quarter declined 3% to $37.7 billion from $38.9 billion, net income dropped 12.2% to $3.8 billion from $4.2 billion, and diluted earnings per share dropped to $3.81 from $4.24 a year ago.

    Comparable store sales in the quarter decreased by 3.1%, and comparable sales at U.S. locations declined by 3.5%.

    The company estimated sales and comparable sales to decline between 3% and 4%, operating rate margins between 14.2% and 14.1%, and diluted earnings per share to fall between 9% and 11%.

    Aramark declined 6.6% to $26.63 after the company reported quarterly results.

    Revenue in the fiscal fourth quarter ending in September increased 12% to $4.9 billion from $4.4 billion, net income advanced to $673.5 million from $194.5 million, and diluted earnings per share rose to $2.57 from 57 cents a year ago.

    Consolidated revenue in the fiscal year 2023 increased 15% to $18.9 billion, and the company completed the spinoff of its Uniform Services business, renamed Vestis, and received $1.5 billion in cash payments for debt associated with the company.

    The company guided fiscal year 2024 revenue to grow between 7% and 9% from $16.1 billion, adjusted for the recent spinoff, and adjusted earnings per share to increase between 25% and 35% from $1.16 in fiscal year 2023.

    Sally Beauty Holdings jumped 17.7% to $9.59 after the specialty retailer reported a slight decline in quarterly revenue.

    Revenue in the fiscal fourth quarter ending in September declined 4.3% to $921 million, and comparable sales fell 1.6% from a year ago.

    Net income increased to $42.5 million from $21.3 million, and diluted earnings per share rose to 39 cents from 20 cents a year ago.

    Revenue in the fiscal year 2023 declined 2.3% to $3.7 billion from $3.8 billion, net income increased to $184.5 million from $183.5 million, and diluted earnings per share edged up to $1.69 from $1.66 a year ago.

    The retailer estimated fiscal 2024 net sales and comparable sales to be flat from the previous year and gross margins above 50%.

    Henry Schein increased 0.6% to $67.88 after the company reported quarterly results that met investor expectations.

    Revenue in the third quarter rose 3.1% to $3.2 billion, net income declined to $137 million from $150 million, and diluted earnings per share fell to $1.05 from $1.09 a year ago.

    The company said sales in full-year 2023 are expected to decline between 1% and 3%, revised from the previous guidance of an increase between 1% and 3%, reflecting the drag from the recent cyberattack incidence.

    The company experienced a cyberattack on October 14, and the company said that it has contained the incident, restored most of its business-critical systems, and expects to file an insurance claim in 2024.

Annual Returns

Company Ticker 2025 2024 2023
Home Depot Inc The HD -3% 12% 7%
Sally Beauty Holdings Inc SBH -6% -14% 15%
Aramark ARMK -2% 34% -33%
Henry Schein Inc HSIC -1% -9% -8%