Sally Beauty Supply 2007 Annual Report Download - page 6

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In this report, references to "the Company," "our company," "we," "our," "ours" and "us" refer to Sally Beauty Holdings, Inc., or Sally Beauty, and its
consolidated subsidiaries for periods after the separation from Alberto-Culver Company, or Alberto Culver, and to Sally Holdings, Inc. and its consolidated
subsidiaries for periods prior to the separation from Alberto-Culver unless otherwise indicated or context otherwise requires.
CAUTIONARY NOTICE REGARDING FORWARD-LOOKING STATEMENTS
Statements in this Annual Report on Form 10-K and the documents incorporated by reference herein which are not purely historical facts or which depend upon
future events may be 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. 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:
•
our limited history as a stand-alone company;
•
the preparedness of our accounting and other management systems to meet financial reporting and other requirements and the upgrade of
our existing financial reporting system;
•
the representativeness of our historical consolidated financial information with respect to our future financial position, results of operations
or cash flows;
•
realizing the anticipated benefits of our separation from Alberto-Culver;
•
since our separation from Alberto-Culver, our inability to achieve the benefits of scale that were achieved by Alberto-Culver prior to our
separation from Alberto-Culver;
•
being a holding company with no operations of our own, and depending on our subsidiaries for cash;
•
the highly competitive and consolidating nature of the beauty products distribution industry;
•
anticipating changes in consumer preferences and buying trends or to manage our product lines and inventory;
•
our dependence upon manufacturers who may be unwilling or unable to continue to supply products to us;
•
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;
•
the operational and financial performance of our Armstrong McCall business;
•
the success of our new Internet-based business;
•
successfully identifying acquisition candidates or successfully completing desirable acquisitions;
•
integration of businesses acquired in the future;
•
opening and operating new stores profitably;
ii
Source: Sally Beauty Holding, 10-K, November 29, 2007