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Consolidated net sales rise 10.9% as both segments fare well.
May 3, 2012
By: TOM BRANNA
Editor
Sally Beauty Holdings, Inc. is happy with how its fiscal 2012 second quarter panned out. “We had an exceptional second quarter across both business segments with record same store sales of 9.1% over positive comps of 6.0% in the second quarter of last year,” stated Gary Winterhalter, president and CEO. “Strong sales growth of 10.9% led to significant SG&A leverage and operating margin expansion of 130 and 160 basis points, respectively. We reduced our long-term debt by $100 million, lo...
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