Sally Beauty reports Q2 results

Denton, Texas Sally Beauty Holdings announced financial results on Thursday, which included same-store sales growth of 2.1% in the second quarter ended March 31, but a drop of 0.3% in sales from the year-ago period.

Consolidated net sales for the fiscal 2009 second quarter were $641.5 million, a decline of 0.3% from fiscal 2008 second quarter.

Fiscal 2009 second quarter GAAP net earnings were $24.6 million, an increase of 98.4% from fiscal 2008 second quarter. Fiscal 2009 second quarter adjusted net earnings, a non-GAAP measure, were $23.3 million, an increase of 30.1% over the fiscal 2008 second quarter.

Total store count at the end of fiscal 2009 second quarter was 3,807, an increase over fiscal 2008 second quarter of 163 stores or growth of 4.5%.