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.