Sally Beauty misses by $0.01, reports revs in-line; guides FY16 :
- Reports Q4 (Sep) earnings of $0.38 per share, excluding non-recurring items,$0.01 worse than the Capital IQ Consensus of $0.39; revenues rose 2.1% year/year to $964.2 mln vs the $963.92 mln Capital IQ Consensus.
- Consolidated same store sales growth in the fiscal 2015 fourth quarter was 3.5% compared to 2.6% in the fiscal 2014 fourth quarter.
- Consolidated same store sales growth for fiscal 2016 is expected to be in the low 3% range. Sequential improvement is expected throughout the year in Sally with slower growth in BSG than the prior fiscal year as they anniversary a very strong year. Consolidated gross profit margin expansion is expected to be in the range of 35 bps to 45 bps; organic store growth ~3%.
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