Sally Beauty Supply 2011 Annual Report Download - page 11
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In this Annual Report, references to ‘‘the Company,’’ ‘‘Sally Beauty,’’ ‘‘our company,’’ ‘‘we,’’ ‘‘our,’’ ‘‘ours’’
and ‘‘us’’ refer to Sally Beauty Holdings, Inc. and its consolidated subsidiaries unless otherwise indicated or
the context otherwise requires.
CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS
Statements in this Annual Report on Form 10-K and in the documents incorporated by reference herein
which are not purely historical facts or which depend upon future events may constitute forward-looking
statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended, which we refer to as the Exchange Act. Words such as
‘‘anticipate,’’ ‘‘believe,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘plan,’’ ‘‘project,’’ ‘‘target,’’ ‘‘can,’’ ‘‘could,’’ ‘‘may,’’
‘‘should,’’ ‘‘will,’’ ‘‘would’’ or similar expressions may also identify such forward-looking statements.
Readers are cautioned not to place undue reliance on forward-looking statements as such statements
speak only as of the date they were made. Any forward-looking statements involve risks and uncertainties
that could cause actual events or results to differ materially from the events or results described in the
forward-looking statements, including, but not limited to, risks and uncertainties related to:
• the highly competitive nature of, and the increasing consolidation of, the beauty products
distribution industry;
• anticipating changes in consumer preferences and buying trends and managing our product lines
and inventory;
• potential fluctuation in our same store sales and quarterly financial performance;
• our dependence upon manufacturers who may be unwilling or unable to continue to supply
products to us;
• the possibility of material interruptions in the supply of products by our manufacturers;
• products sold by us being found to be defective in labeling or content;
• compliance with laws and regulations or becoming subject to additional or more stringent laws and
regulations;
• product diversion to mass retailers or other unauthorized resellers;
• the operational and financial performance of our Armstrong McCall, L.P. (‘‘Armstrong McCall’’)
franchise-based business;
• the success of our internet-based businesses;
• successfully identifying acquisition candidates and successfully completing desirable acquisitions;
• integrating businesses acquired in the future;
• opening and operating new stores profitably;
• the impact of the health of the economy upon our business;
• the success of our cost control plans;
• protecting our intellectual property rights, particularly our trademarks;
• conducting business outside the United States;
• disruption in our information technology systems;
• severe weather, natural disasters or acts of violence or terrorism;
ii