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Sally Beauty wraps up fiscal '09

This article was originally published in The Rose Sheet

Executive Summary

Sally Beauty Holdings reports fiscal 2009 fourth-quarter sales of $676 mil., representing an increase of 0.6% from the prior-year period, while full-year sales were down 0.4% to $2.6 bil. The company "delivered very good fourth-quarter and full-year results despite a difficult recessionary environment," President and CEO Gary Winterhalter says in recent release. Denton, Texas-based firm notes it grew its store base 3.7% in 2009 to 3,914 locations, 65 of those coming from acquisitions including Schoeneman Beauty Supply and Belleza Concept International (1"The Rose Sheet" Oct. 12, 2009; 2"The Rose Sheet" Sept. 28, 2009). Earnings increased 25.6% to $27 million for the quarter and totaled $99.1 million for the year, up 27.8%, firm reports. "We believe we are well-positioned as we head into fiscal 2010 and remain confident we will continue to execute against our strategy and deliver another year of solid performance," Winterhalter says
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