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Sally Beauty Holdings fiscal Q3 profit falls 5.9% YOY

Sally Beauty Holdings Inc. said its normalized net income for the fiscal third quarter ended June 30 was 40 cents per share, compared with the S&P Capital IQ consensus estimate of 46 cents per share.

EPS fell year over year from 42 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $64.2 million, a decline of 5.9% from $68.2 million in the prior-year period.

The normalized profit margin declined to 6.6% from 7.2% in the year-earlier period.

Total revenue rose on an annual basis to $967.9 million from $949.3 million, and total operating expenses grew year over year to $835.9 million from $810.8 million.

Reported net income decreased 9.1% from the prior-year period to $62.1 million, or 39 cents per share, from $68.3 million, or 42 cents per share.