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Sally Beauty Announces Q3 2018 Financials

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Sally Beauty has announced its Q3 208 financial results, ending June 30, 2018.

Net sales were reported at $591.6 million, a decrease of 0.6% compared to 2017. Net store count, at 3,775, saw a decrease of 51 over the prior year. Consolidated same store sales decreased 2%, and consolidated net sales decreased .2% to $996.3 million.

“Despite the short-term challenges we are facing, we continue to make progress on the core elements of a transformation plan that we are confident will put Sally Beauty Holdings on the right track long-term,” said president and CEO Chris Brickman. “During the third quarter, core traffic challenges were exacerbated by material issues from two of our top manufacturers for Beauty Systems Group and the impact of significant, but necessary, internal changes in how we operate.”

Related: Sally Beauty Launches Accelerator for Woman-Owned Businesses