Sally Beauty net earnings fall 7% in Q3

Denton, Texas – Sally Beauty Holdings Inc. reported its net earnings declined 7% to $67.76 million in the third quarter of fiscal 2014, from $72.47 million in the same period the prior year. Net sales grew 4.1% to $949.27 million, from $912.1 million.



Expenses associated with an executive management transition and a previously disclosed data security breach in March 2014 contributed to Sally Beauty’s fall in net earnings.