Sally Beauty Holdings Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, amounted to 34 cents per share, compared with the S&P Capital IQ consensus estimate of 38 cents per share.
EPS declined year over year from 35 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $54.4 million, a decline of 6.8% from $58.3 million in the year-earlier period.
The normalized profit margin dropped to 5.6% from 6.2% in the year-earlier period.
Total revenue grew year over year to $964.5 million from $940.5 million, and total operating expenses rose year over year to $848.2 million from $818.7 million.
Reported net income totaled $55.5 million, or 35 cents per share, compared to $58.7 million, or 35 cents per share, in the prior-year period.
