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Sally Beauty’s Q3 sales up 45%

A professional hair and beauty supply company based in Denton, Texas Sally Beauty Holdings, Inc. Reported Thursday’s total third-quarter sales of $ 1.02 billion, an increase of 45.0% from $ 755.3 million in the year-ago quarter.

Sally Beauty’s Q3 sales total $ 1.02 billion-Instagram: @sallybeauty

Same-store sales for the third quarter, which ended June 30, 2021, increased 44.7% due to increased consumer confidence in the United States and deregulation of Covid-19 in the international region. Sally Beauty operated 84 fewer stores in the quarter compared to the same period last year.

The company’s global e-commerce revenue is $ 71 million, accounting for 7.0% of total net revenue.

The Group’s Sally Beauty Supply division posted net sales of $ 602.7 million, up 45.1% year-over-year. Same-store sales in the division’s global segment increased 43.3%, US and Canada businesses accounted for 79% of same-store sales, and same-store sales increased 35.2%. At the end of the quarter, the number of stores in the division was 3,611, a decrease of 80 from the previous year.

Beauty Systems Group net sales were $ 419.7 million, up 44.8% year-on-year, and same-store sales were up 47.8%. The quarter ended with 1,367 stores, down four from the same period in 2020.

Sally Beauty Holdings’ company-wide net income was $ 76.2 million ($ 0.66 per diluted share) compared to a net loss of $ 23.5 million ($ 0.21 per diluted share) in the year-ago quarter.

In its release, the company’s president and chief executive officer, Chris Brickman, said, “We are pleased to report another strong quarter driven by increased consumer demand and solid execution by the team. “.

“As we approach the end of the fiscal year, we are pleased with our strong financial performance and ability to violate our strategic priorities, despite pandemic challenges,” added executives. “We continue to focus on completing the multi-year transformation of 2021, and in 2022 we will continue to expand and optimize our complete suite of omni-channel services designed to please our customers. “

Year-to-date Sally Beauty revenue was $ 2.88 billion, up 12.8% from $ 2.56 billion in the year-ago quarter. Meanwhile, net income was $ 171.7 million, $ 1.50 per diluted share, up from $ 43.06 million, $ 0.37 per diluted share. ..

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Sally Beauty’s Q3 sales up 45%

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