November 18, 2010 / 1:02 PM / 7 years ago

UPDATE 1-Sally Beauty Q4 beats Wall Street view

2 Min Read

* 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 (Reuters) - 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 acquisitions.

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 Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below