Sally Beauty Holdings Inc. (NYSE:SBH) shares gaining with the results of Q3


Dallas, Texas 08/02/2013 (Financialstrend) – Shares of Sally Beauty Holdings Inc. (NYSE:SBH) had recently been gaining in prices with the announcement on the results for the third quarter of fiscal year 2013. The company had presented consolidated net sales of $912.1 million for this quarter which was observed to be an increase of 2.8% over the previous year. The consolidated gross profits margin for the company was reported to be at 50.1% for the third quarter.

Further the net earnings for the third quarter of this year for Sally Beauty Holdings Inc. (NYSE:SBH) had been reported to be at the level of $72.5 million or at 42 cents earnings per basic and diluted share of the company, which was observed to be an increase of 13.5% over the earnings reported for the same quarter of the previous year. The Chairman and Chief Executive Officer of the company, Gary Winterhalter had commented that the strong financial performance of the company’s business operations would continue to move on for longer term and that the customer traffic at the BSG and Sally International Businesses of the company had been highly profitable for this quarter of the fiscal year. The same store sales had been reported to have grown by 0.7% for this quarter.

Sally Beauty Holdings Inc. (NYSE:SBH) had closed at $26.83 per share on Thursday, a gain of 12.06% over the previous close. The stock witnessed a trading volume of 14.95 million shares on the day moving between low price of $25.88 and high price of $29.24 per share. The 52 week low for the stock is at $22.49 per share and 52 week high is at $31.86 per share. Average volume of trading is 989,885 shares per day and there are 169.78 million shares in the market institutional holdings of 105% of total capital.