Sally Beauty Closes Year with an Increase

Sally Beauty Holdings, Inc. says fiscal 2015 fourth quarter consolidated net sales were $964.2 million, an increase of 2.1% from the fiscal 2014 fourth quarter, and consolidated net sales for fiscal year 2015 were $3.8 billion, an increase of 2.2% from fiscal year 2014.
 
According to the beauty retailer, fiscal 2015 sales increased primarily due to same store sales growth and the addition of new stores. The impact from unfavorable foreign currency exchange in the 2015 fiscal year was $87.3 million, or 2.3%. Consolidated same store sales growth in fiscal year 2015 was 2.9% compared to 2.0% in fiscal year 2014.
 
“We finished the year with solid consolidated same store sales growth of 3.5% in the fourth quarter,” said Chris Brickman, president and CEO of Sally Beauty Holidngs. “In addition, we generated $301 million in operating cash flow in fiscal 2015 and repurchased approximately $228 million, or 8.1 million shares of our common stock.”
 
According to Brickman, the company is “excited about the pipeline of sales growth initiatives for the coming fiscal year, including the completion of owned-brand packaging upgrades, the reset of haircare and hair color categories, as well as the introduction of local TV and radio advertising. These new investments, combined with all of the projects and upgrades completed during fiscal 2015, will create significant points of difference and a modern image for Sally. As a result, we believe we are well on our way to reframing and repositioning the Sally brand to be more meaningful to the next generation of consumers.”