Sally Beauty Q4 Results Miss View - Quick Facts

(RTTNews) - Specialty retailer Sally Beauty Holdings Inc.'s (SBH) fourth-quarter net earnings declined 1.2 percent to $64.8 million, from $65.6 million last year, while quarterly earnings per share advanced 8.6 percent to $0.38, from $0.35 a year earlier. Adjusted net earnings stood at $72.2 million, or $0.39 per share in the prior-year quarter, which excluded a $10.2 million charge, before taxes, related to a litigation settlement. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.39 for the quarter. Analysts' estimates typically exclude one-time items.

For the fiscal 2013 fourth quarter, consolidated net sales were $906.4 million, a 2.7% increase from $882.56 million in the 2012 period; while ten analysts estimated revenues of $909.87 million. The company mainly attributed this increase to the addition of new stores and growth in BSG's full service business. The impact from changes in foreign currency exchange rates in the recent quarter was not material. Fourth-quarter consolidated same-store sales growth was 0.4%, versus 4.3% a year ago.

Looking ahead to fiscal 2014, consolidated same-store sales growth is expected to be in the range of 1% - 3%, and assumes a gradual sales improvement in the Sally U.S. retail business throughout fiscal 2014. Also, the company sees consolidated organic store growth of 3% - 4%.