Sally Beauty: Fiscal 4Q Earnings Snapshot
DENTON, Texas (AP) _ Sally Beauty Holdings Inc. (SBH) on Thursday reported fiscal fourth-quarter earnings of $55.2 million.
On a per-share basis, the Denton, Texas-based company said it had net income of 46 cents. Earnings, adjusted for one-time gains and costs, came to 51 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The beauty products seller posted revenue of $966 million in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $968.1 million.
For the year, the company reported profit of $258 million, or $2.08 per share. Revenue was reported as $3.93 billion.
Sally Beauty shares have climbed slightly since the beginning of the year. The stock has risen 10 percent in the last 12 months.