Sally Beauty Supply 2007 Annual Report Download - page 54
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The following table shows the condensed results of operations of our business for the fiscal years ended September 30, 2007, 2006 and 2005, expressed as a
percentage of net sales for the respective periods:
Year Ended September 30,
2007
2006
2005
Net sales 100.0% 100.0% 100.0%
Cost of products sold and distribution expenses 54.1% 54.2% 54.4%
Gross profit 45.9% 45.8% 45.6%
Total other costs and expenses 36.8% 38.2% 37.1%
Operating earnings 9.1% 7.6% 8.5%
Interest expense, net 5.8% 0.0% 0.1%
Earnings before provision for income taxes 3.3% 7.6% 8.4%
Provision for income taxes 1.5% 3.0% 3.2%
Net earnings 1.8% 4.6% 5.2%
46
Source: Sally Beauty Holding, 10-K, November 29, 2007