08.03.18
Sally Beauty Holdings, Inc. posted financial results for its fiscal 2018 third quarter ended June 30, 2018. Consolidated same store sales decreased 2.0% in the quarter. Consolidated net sales fell slightly t 0.2% to $996.3 million in the third quarter.
“Despite the short-term challenges we are facing, we continue to make progress on the core elements of a transformation plan that we are confident will put Sally Beauty Holdings on the right track long-term,” said President and Chief Executive Officer Chris Brickman. “During the third quarter, core traffic challenges were exacerbated by material issues from two of our top manufacturers for Beauty Systems Group and the impact of significant, but necessary, internal changes in how we operate.”
The company expects full year consolidated same store sales to decline in the range of 1.5% to 1.9%.
“Despite the short-term challenges we are facing, we continue to make progress on the core elements of a transformation plan that we are confident will put Sally Beauty Holdings on the right track long-term,” said President and Chief Executive Officer Chris Brickman. “During the third quarter, core traffic challenges were exacerbated by material issues from two of our top manufacturers for Beauty Systems Group and the impact of significant, but necessary, internal changes in how we operate.”
The company expects full year consolidated same store sales to decline in the range of 1.5% to 1.9%.