We have executed well on our BSG initiatives and continue to open new stores and add new brands to BSG's distribution network. As we begin the early stages of our planning process for the upcoming fiscal year, we are optimistic on the growth and profitability prospects for both Sally Beauty Supply stores as well as BSG in FY08 and beyond.
OPERATING RESULTS:
Sally Beauty Supply:
During the Company's third fiscal quarter that ended June 30, 2007, Sally Beauty Supply total sales increased 12.9% to $402.9 million and comparable store sales grew 3.4%. Sales consistency returned during the third quarter after stores experienced weather-related softness in the second quarter.
Revenues for this year's third quarter include $26 million related to the acquisition of Salon Services. Excluding revenues related to this acquisition, Sally Beauty Supply revenues increased 5.6%. Sally Beauty Supply segment operating margins remained even with last year at 16.6% of sales for the third quarter. During the quarter, Sally Beauty Supply increased its store base by 34 stores.
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Sally Beauty Holdings Inc
marketing@alchempro.com
