Sally Beauty slides on revenue miss, comps growth


Sally Beauty (SBH -10.2%) falls hard after revenue comes in light of estimates for FQ3.

Same-store sales growth of 0.7% for the period is well below the 5.2% comps growth the company reported in Q3 2012.

"Store traffic from the non-Beauty Club Card customer in the Sally U.S. business was soft," CEO Gary Winterhalter says, adding that the company has "added new initiatives to address" that customer base. (PR)

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