* Q4 EPS $0.23 vs est $0.20
* Q4 sales $747.8 mln vs est $733.7 mln
* Q4 same-store sales up 5.3 pct
Nov 18 Beauty supplies and hair products
distributor Sally Beauty Holdings Inc's (SBH.N) quarterly
profit beat Wall Street's expectations as sales rose in the
double digits helped by strong same-store sales growth and
For the fourth quarter, the Texas-based company earned $42
million, or 23 cents a share, compared with $27 million, or 15
cents, last year.
Analysts were expecting the company to earn 20 cents,
according to Thomson Reuters I/B/E/S.
Revenue rose nearly 11 percent to $747.8 million, also
surpassing analysts' expectations of $733.7 million. Same-store
sales rose 5.3 percent.
Acquisitions, like the beauty products distributor
Schoeneman Beauty Supply, which Sally Beauty bought last year,
also helped sales' growth.
The company has seen rising sales as consumers buy more
do-at-home products instead of heading to beauty salons.
Shares of the company, which last month said it will buy
smaller rival Aerial Company Inc for $70 million, closed at
$12.64 on Wednesday on the New York Stock Exchange. They have
risen 37 percent over the past three months.
(Reporting by Abhishek Takle in Bangalore; Editing by Maju