Sally Beauty sees Q4 results slip

Published: 9-Nov-2018

E-commerce gains help to mitigate further losses

Professional beauty retailer Sally Beauty has seen sales slip by 0.2% for its fourth quarter.

Consolidated same store sales slipped 0.2% in the quarter, while net sales decreased 0.8% to reach $966m.

Global sales saw strong double digit growth however, up 30.1% on the previous year.

“As our quarterly results demonstrate, we are making solid progress on our transformation plan,” commented Chris Brickman, Sally Beauty President and Chief Executive Officer.

“Sally Beauty Supply launched box colour across the US, while Beauty Systems Group signed distribution agreements with additional prestigious hair colour and care brands, efforts which further enhance our differentiated categories of hair colour and care.”

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