May 3 (Reuters) - Sally Beauty Holdings Inc:
* SALLY BEAUTY HOLDINGS, INC. ANNOUNCES SECOND QUARTER RESULTS
* Q2 SALES $975.3 MILLION VERSUS I/B/E/S VIEW $974.8 MILLION
* Q2 EARNINGS PER SHARE VIEW $0.56 — THOMSON REUTERS I/B/E/S
* EXPECTS FULL YEAR CONSOLIDATED SAME STORE SALES TO DECLINE BY APPROXIMATELY ONE PERCENT IN 2018
* FOR 2018, MAINTAINING GUIDANCE FOR CONSOLIDATED YEAR-END STORE COUNT TO INCREASE SLIGHTLY COMPARED TO PRIOR YEAR
* FOR 2018, FULL YEAR GROSS MARGIN IS NOW EXPECTED TO DECREASE SLIGHTLY COMPARED TO THE PRIOR YEAR
* “TRAFFIC TRENDS IN OUR SALLY BEAUTY STORES IN U.S. CONTINUED TO BE A CHALLENGE” IN QUARTER
* FOR 2018, FULL YEAR ADJUSTED OPERATING EARNINGS ARE STILL EXPECTED TO DECLINE SLIGHTLY
* SALLY BEAUTY HOLDINGS - FULL YEAR REPORTED OPERATING EARNINGS ARE NOW EXPECTED TO DECREASE SLIGHTLY
* AT END OF QUARTER, INVENTORY WAS $935.0 MILLION, UP 1.9% FROM PRIOR YEAR
* SALLY BEAUTY - FOR 2018, EXPECTS STRONG DOUBLE DIGIT GROWTH IN BOTH FULL YEAR REPORTED AND ADJUSTED DILUTED EARNINGS PER SHARE
* SALLY BEAUTY - EXPANDED 2018 RESTRUCTURING PLAN NOW EXPECTED TO GENERATE TOTAL ANNUALIZED BENEFITS IN RANGE OF $26 MILLION TO $29 MILLION
* SALLY BEAUTY - AARON ALT NAMED CFO
* AARON JOINS SALLY BEAUTY HOLDINGS FROM TARGET CORPORATION
* FY2018 EARNINGS PER SHARE VIEW $2.40, REVENUE VIEW $3.95 BILLION — THOMSON REUTERS I/B/E/S
* SALLY BEAUTY-SEES RESTRUCTURING CHARGES FROM EXPANDED 2018 RESTRUCTURING PLAN BETWEEN $28 MILLION & $30 MILLION, TO BE MAJORLY RECORDED IN CURRENT FISCAL YEAR Source text for Eikon: Further company coverage:
