Sally Beauty Q2 earnings down 4.3%
New York — Sally Beauty Holdings Inc.’s second-quarter earnings decreased 4.3% amid sluggish sales. The company earned $64.9 million in the quarter ended March 31, compared with $67.8 million in the year-ago period.
Revenue rose 1% to $898.2 million from $889.3 million in the year-ago period.
Same-store sales were down 0.8%.
Gary Winterhalter, chairman, president and CEO says that the quarter’s performance reflected in part lower traffic fueled by two fewer days compared with the prior year quarter.
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Canadian Tire Corp. opens cloud-computing center and digital hub
Toronto — Canadian Tire Corp. announced that it will open the ‘Canadian Tire Cloud Computing Centre’ in Winnipeg, Manitoba, in the fall of 2013. The 28,000-sq.-ft. site will house a digital content warehouse, application lab, testing lab and high performance data centre. It will serve as the core digital hub for the Canadian Tire Family of Companies.
The new facility will provide the company – which includes Canadian Tire Retail, Mark’s, Sport Chek, Sports Experts, National Sports, Atmosphere, Partsource, Gas+ and Financial Services – with 20-times more computing power and 10-times more network bandwidth than its existing technology infrastructure. The Canadian Tire Cloud Computing Centre will be used to host the company’s new ‘App Factory,’ where advanced digital solutions will be developed.
"The Centre is a foundational piece to the digital work we’re implementing across the Family of Companies,” said Eugene Roman, chief technology officer, Canadian Tire Corporation. “As retail evolves into e-tail, the centre will accelerate this revolution. The applications we are developing will power improvements to back-end operations as well as enhance the customers’ in-store shopping experience and turbo-charge their interaction with our brands online."
Tractor Supply Co. increases dividend
BRENTWOOD, Tenn. — Tractor Supply Company, the largest retail farm and ranch store chain in the United States, has announced that its board increased the company’s quarterly cash dividend 30% to $0.26 per share.
"We are pleased to announce the board’s decision to increase our quarterly cash dividend for the third consecutive year. Our dividend program, initiated in 2010, is a key component of our balanced capital allocation strategy, combined with capital investments and share repurchases. These programs are designed to drive shareholder value. This 30% dividend increase reflects our board’s continued confidence in the Tractor Supply business model and our team’s ability to execute the company’s long-term growth strategy," said president and CEO Greg Sandfort.
Tractor Supply Company operates 1,197 stores in 45 states. The company’s stores are focused on supplying the lifestyle needs of recreational farmers and ranchers. The company also serves the maintenance needs of those who enjoy the rural lifestyle, as well as tradesmen and small businesses. Stores are located in towns outlying major metropolitan markets and in rural communities. The company carries equine, pet and small animal products, including items necessary for their health, care, growth and containment; hardware, truck, towing and tool products; seasonal products, including lawn and garden items, power equipment, gifts and toys; maintenance products for agricultural and rural use; and work/recreational clothing and footwear.
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