Fiscal second-quarter earnings rose more than 5 percent for Sally Beauty Holdings Inc., as improved sales growth from established stores helped the retailer's performance.
The Denton-based company said it earned $61.5 million, or 39 cents per share, in the quarter that ended March 31.
That is up from earnings of $58.5 million, or 35 cents per share, a year ago.
The results from the most recent quarter matched average Wall Street expectations, according to Zacks Investment Research.
The beauty products seller said its revenue rose 2 percent to $937.8 million in the period. Analysts surveyed by Zacks expected $944.2 million.
Sally Beauty said revenue from established stores grew 2.8 percent in the second-quarter, compared to 1 percent a year ago.
That's an important metric for retailers because it excludes the impact of recently opened or closed stores.
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Sally Beauty shares rose 98 cents or 3.2 percent, to $31.55 in afternoon trading Tuesday. The company's stock had fallen slightly so far this year, as of Monday.
