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Sally Beauty Holdings fiscal Q4 profit climbs YOY

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Sally Beauty Holdings fiscal Q4 profit climbs YOY

Sally Beauty Holdings Inc. said its normalized net income for the fiscal fourth quarter ended Sept. 30 was 40 cents per share, compared with the S&P Capital IQ consensus estimate of 39 cents per share.

EPS increased year over year from 39 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $62.4 million, compared with $62.1 million in the year-earlier period.

The normalized profit margin fell to 6.3% from 6.6% in the year-earlier period.

Total revenue increased year over year to $964.2 million from $944.3 million, and total operating expenses climbed on an annual basis to $835.2 million from $815.7 million.

Reported net income fell 11.0% on an annual basis to $56.2 million, or 36 cents per share, from $63.2 million, or 40 cents per share.

For the year, the company's normalized net income totaled $1.55 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of $1.54.

EPS rose from $1.51 in the prior year.

Normalized net income was $245.2 million, compared with $246.4 million in the prior year.

Full-year total revenue increased on an annual basis to $3.83 billion from $3.75 billion, and total operating expenses rose on an annual basis to $3.33 billion from $3.24 billion.

The company said reported net income decreased on an annual basis to $235.8 million, or $1.49 per share, in the full year, from $246.8 million, or $1.51 per share.