Shares of Sally Beauty Holdings (NYSE:SBH) have been range-bound for quite some time. However, I think shares of Sally Beauty are setting themselves up for a breakout to the upside. Inside last month's earnings report, there were a lot of positives, as the company is well-positioned in the growing beauty industry. While other retailers have posted weak comparable sales, Sally Beauty saw strong comparable sales in Q1. I think Mr. Market is missing Sally Beauty's leading position in the industry and the potential for continued expansion in international markets.
EPS for Q1 missed expectations by only $0.01. Revenues rose 3.9% year-over-year and were $6.32 million higher than expectations. Comparable sales were the highest they have been...
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