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Stability at Sally Beauty Stores

Solid results for the fiscal 2009 third quarter

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By: TOM BRANNA

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Sally Beauty Holdings, Inc. posted financial results for the third quarter ended June 30, 2009. Consolidated net sales for the fiscal 2009 third quarter stayed almost stable with a drop of only 0.5% to $673.3 million. Same store sales in the fiscal 2009 third quarter grew 2.6%; however, consolidated gross profit rose only 0.9% to $317.8 million. The company ended its fiscal 2009 third quarter with 2,879 Sally Beauty Supply stores‹an increase of 2.8 %, or 78 stores, over the fiscal 2008 t...

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