Sally Beauty Q1 earnings double, but misses Street

Denton, Texas -- Sally Beauty Holdings Inc. reported Thursday that profit in the first quarter nearly doubled year-over-year – from $30.1 million to $59 million – but results still missed Wall Street expectations.



Revenue rose 4.7% to $905.4 million, shy of analysts’ expected $915.1 million in revenue.



Same-store sales rose 2.8%.