By midafternoon, shares were down 7% to $25.49.
In its March-ending quarter, the Denton, Texas-based company recorded net income of 36 cents a share, 3 cents less than analysts surveyed by Thomson Reuters had expected.
Revenue of $919.5 million was up 2.4% year over year. Analysts had forecast $932.8 million in sales.
"Extremely unfavorable weather in the U.S. resulted in 5,426 store days closed in the fiscal 2014 second quarter versus 1,328 in the prior year, resulting in lower traffic and sales growth," explained CEO Gary Winterhalter in a statement.
TheStreet Ratings team rates SALLY BEAUTY HOLDINGS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate SALLY BEAUTY HOLDINGS INC (SBH) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
- You can view the full analysis from the report here: SBH Ratings Report