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November 1, 2018
By: TOM BRANNA
Sally Beauty Holdings, Inc. posted financial results for its fiscal 2018 third quarter ended June 30, 2018. Consolidated same store sales decreased 2.0% in the quarter. Consolidated net sales fell slightly, 0.2%, to $996.3 million. “Despite the short-term challenges we are facing, we continue to make progress on the core elements of a transformation plan that we are confident will put Sally Beauty Holdings on the right track long-term,” said Chris Brickman, president and CEO of the beauty retailer. “During the third quarter, core traffic challenges were exacerbated by material issues from two of our top manufacturers for Beauty Systems Group and the impact of significant, but necessary, internal changes in how we operate.”
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