Sally Beauty Holdings, Inc. Reports Fourth Quarter EPS of $/23

Sally Beauty Holdings, Inc. SBH today announced financial results for the fourth quarter and fiscal year ended September 30, 2010. The Company will hold a conference call today at 10:00 a.m. (Central) to discuss these results and its business.

• Net sales in 4Q10 of $748 million and FY2010 of $2.9 billion, both periods up 11%
• Same store sales growth in 4Q10 and FY2010; 5.3% and 4.6% respectively
• 4Q10 net earnings of $42 million; up 56% vs. 4Q09 GAAP net earnings and up 69% vs. 4Q09 adjusted net earnings
• 4Q10 diluted earnings per share of $0.23; up 53% over 4Q09 GAAP diluted earnings per share of $0.15 and up 64% over 4Q09 diluted adjusted earnings per share of $0.14
• FY2010 GAAP net earnings of $144 million, up 45% over FY2009
• FY2010 adjusted net earnings of $142 million, up 48% over FY2009
• FY2010 GAAP and adjusted diluted earnings per share of $0.78 and $0.77⁽¹⁾, respectively
• Paid down $125 million in long-term debt during FY2010