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Sally Beauty Holdings fiscal Q2 profit climbs 6.8% YOY

Sally Beauty Holdings Inc. said its normalized net income for the fiscal second quarter ended March 31 amounted to 40 cents per share, compared with the S&P Capital IQ consensus estimate of 39 cents per share.

EPS rose 11.2% year over year from 36 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $63.3 million, a gain of 6.8% from $59.3 million in the year-earlier period.

The normalized profit margin climbed to 6.7% from 6.4% in the year-earlier period.

Total revenue rose on an annual basis to $937.8 million from $919.5 million, and total operating expenses climbed on an annual basis to $807.2 million from $795.4 million.

Reported net income grew 7.1% year over year to $62.3 million, or 39 cents per share, from $58.1 million, or 35 cents per share.