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Sales fall but stores are stocked and ready to move product.
August 3, 2017
By: Melissa Meisel
Sally Beauty Holdings, Inc. posted financial results for its fiscal 2017 third quarter ended June 30, 2017. Sales fell 1.3% to $594.9 million. Inventory at quarter end was $947.6 million—up 4.2% from the prior year. The increase was due primarily to new store growth and the addition of new brands, partially offset by the impact of a stronger US dollar. “We are pleased to report solid third quarter results, with improved revenue performance, excellent gross margin expansion and meaningful gro...
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