Financial Highlights
Dollars in thousands, except per share amounts Year Ended September 30,
| 2010 | 2009 | 2008 | 2007 | |
Financial Highlights |
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| Sales | ||||
| Sally Beauty Supply | $ 1,834,631 | $ 1,695,652 | $ 1,672,897 | $ 1,569,088 |
| Beauty Systems Group | $ 1,081,459 | $ 940,948 | $ 975,294 | $ 944,684 |
| Total Company Sales | $ 2,916,090 | $ 2,636,600 | $ 2,648,191 | $ 2,513,772 |
| Consolidated gross profit | $ 1,404,374 | $ 1,243,317 | $ 1,234,594 | $ 1,153,747 |
| Gross profit margin | 48.2% | 47.2% | 46.6% | 45.9% |
| Operating earnings | $ 340,930 | $ 296,836 | $ 282,915 | $ 228,585 |
| Operating earnings margin | 11.7% | 11.3% | 10.7% | 9.1% |
| Net earnings | 143,828 | 99,117 | 77,577 | 44,492 |
| Net earnings per basic share(1) | 0.79 | 0.55 | 0.43 | 0.25 |
| Net earnings per diluted share(1) | 0.78 | 0.54 | 0.42 | 0.24 |
| Cash flow from operations | 217,246 | 223,333 | 110,480 | 192,336 |
Operating Highlights |
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| Same store sales growth(2) | ||||
| Sally Beauty Supply | 4.1% | 2.1% | 1.2% | 2.7% |
| Beauty Systems Group | 6.2% | 1.0% | 6.9% | 10.1% |
| Consolidated same store sales growth | 4.6% | 1.8% | 2.6% | 4.5% |
| Number of stores (end of period) | ||||
| Sally Beauty Supply | 3,032 | 2,923 | 2,844 | 2,694 |
| Beauty Systems Group | 1,027 | 991 | 929 | 874 |
Total stores |
4,059 |
3,914 |
3,773 |
3,568 |
| Professional distributer sales consutants | 1,051 | 1,022 | 984 | 1,002 |
(1)Weighted average shares for fiscal year 2007 was calculated from November 17, 2006, through September 30, 2007, which represents the actual number of days that shares of the Company’s common stock were publicly traded.
(2)Same stores are defined as company-operated stores that have been open for at least 14 months as of the last day of a month and includes Internet-based sales.