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Net sales are down as the company implements its transformation program.
February 6, 2020
By: Happi Staff
Sally Beauty Holdings, Inc. has reported financial results for its first quarter ended December 31, 2019. Consolidated net sales were $980.2 million in the quarter, down 0.9% compared to the prior year, driven by a decrease in same store sales as a result of the shortened holiday retail calendar, technology implementation issues impacting pricing and promotion in our new point-of-sale system, a smaller store base with 57 fewer stores and an unfavorable impact from foreign currency translation ...
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