Sally Beauty Holdings reports a strong start to fiscal 2012
Sales increase 9% in Q1
Professional beauty supplies retailer and distributor Sally Beauty Holdings Inc has announced strong financial results for the first quarter of fiscal 2012. Consolidated net sales amounted to $864.8m, an increase of 9% on the prior year period. This growth was attributed to same store sales growth, the addition of new stores and acquisitions. Consolidated gross profit for the fiscal 2012 first quarter was $421.9, up 11.2%.
“Fiscal year 2012 is off to a terrific start with strong performance in the first quarter from each of our business segments,” stated Gary Winterhalter, president and ceo of Sally Beauty Holdings. “We delivered consolidated sales growth of 9% with same store sales up 7.1% and gross profit margin expansion of 100 basis points. We achieved SG&A leverage in the quarter, which contributed to our 20% EBITDA growth.
“I believe Sally Beauty Holdings is well positioned to execute on our strategic objectives and deliver another year of strong financial performance.”
