Sally Beauty Holdings has announced its financial results for Q4 and FY 2019.
Net sales for the fourth quarter reached $965.9 million, a 1.1% increase over net sales during Q4 2018. Net sales for FY 2019 reached $3.88 billion, a decrease of 1.4% when compared to FY 2018.
Chris Brickman, president and CEO, said, "Fiscal year 2019 was marked by significant change and progress—yet despite the scale and complexity of our transformation efforts, we achieved our full-year financial guidance. We are proud of the teamwork of our global associates. Significant transformation work remains and fiscal year 2020 will mark a change in focus as we expect to build on our fourth quarter results, complete many of our investments, and pivot to projects designed to deliver sustainable topline growth."
