Sally Beauty Q3 Net Profit Down 6.5%, EPS Flat - Quick Facts

(RTTNews) - Sally Beauty Holdings, Inc. (SBH), a specialty retailer of professional beauty supplies, said its third-quarter GAAP net earnings slid by 6.5% to $67.8 million, from $72.5 million in the year-ago quarter, while per-share earnings remained flat at $0.42.

Adjusted net earnings for the recent period amounted to $70.4 million or $0.43 per share, which excludes a $2.7 million charge, net of tax, related to expenses associated with the executive management transition and the earlier disclosed data security incident. On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share for the quarter. Analysts' estimates typically exclude special items.

For the fiscal 2014 third quarter, consolidated net sales were $949.3 million, up 4.1% from the prior-year quarter's $912.1 million, attributed mainly to the growth in same-store sales and the addition of new stores. The impact from favorable changes in foreign currency exchange rates in the fiscal 2014 third quarter was $3.7 million. Consolidated same-store sales in the fiscal 2014 third quarter went up by 2.1%, versus a 0.7% growth in the fiscal 2013 third quarter.