Sally Beauty Hldgs Stock Price, News & Analysis

Sally Beauty Holdings (NYSE: SBH) has appointed Max Rangel, current Global President and CEO of Spin Master Corporation, to its Board of Directors. Rangel brings over 30 years of consumer goods industry experience from companies including Procter & Gamble, The Hershey Company, and S.C. Johnson & Son. He will serve on the Nominating, Governance and Corporate Responsibility Committee and the Compensation and Talent Committee. Board Chair Diana Ferguson highlighted Rangel's expertise in operational excellence, brand transformation, and innovative marketing. With this appointment, SBH's Board now consists of ten directors, with nine being independent members.

Sally Beauty (SBH) is expanding its nail product assortment to over 1,400 items ahead of National Nail Week (June 1-6). The expansion comes as nails have become a key discovery channel for first-time customers and a strategic growth category for the retailer. The company is introducing new products from popular brands including Nailboo, KISS, Dashing Diva, and ASP (Sally Beauty exclusive).

Key launches include Nailboo's color-changing thermal technology, KISS Gel Pro Polish with self-leveling formula, Dashing Diva's all-in-one gel polish, and ASP's gel-acrylic hybrid formula. The company is enhancing accessibility through Buy Online, Pick Up In-Store, two-hour delivery, and marketplace options. Special promotions include Buy 2 Get 1 Free on Select Gel Nails (June 15-29).

Sally Beauty Holdings (NYSE: SBH) reported Q2 fiscal 2025 results showing mixed performance. Net sales decreased 2.8% to $883 million with a 1.3% drop in comparable sales. Despite sales challenges, the company achieved its third consecutive quarter of operating margin expansion, with GAAP operating margin increasing 130 basis points to 7.9% and adjusted operating margin rising 90 basis points to 8.5%. The quarter saw GAAP earnings per share of $0.38 and adjusted EPS of $0.42, marking a 20% increase year-over-year. The company generated $51 million in operating cash flow and strengthened its balance sheet by repaying $36 million in term loans. The Board approved a four-year extension to the share repurchase program through September 2029, with $501.1 million remaining authorization. E-commerce sales reached $94 million, representing 10.7% of net sales. The company updated its fiscal 2025 guidance, expecting flat to -1% comparable sales for the full year.

Sally Beauty Holdings (NYSE:SBH) has scheduled a conference call and webcast to discuss its second quarter financial results on May 12, 2025, at 7:30 a.m. Central Time. The company plans to release its Q2 financial results press release before U.S. markets open on the same day. The announcement will be available on the company's investor relations website.

During the call, management may address questions about business matters and trends, potentially discussing previously undisclosed material information. Participants can access the live webcast through Sally Beauty's investor relations website or pre-register to receive a dial-in number. A replay will be available on the company's website from 10:00 a.m. Central Time on May 12, 2025, through May 12, 2026.

Madison Reed, a prestige beauty brand, has announced a strategic partnership with Sally Beauty (SBH) to expand its hair color products distribution through select Sally Beauty stores nationwide and SallyBeauty.com. The partnership will feature 34 SKUs, including their Radiant Hair Color Kit in 18 shades, Root Perfection in 5 shades, ColorWonder Demi-Permanent Hair Color in 10 shades, and The Ultimate Pro Color Tool Kit.

This expansion adds to Madison Reed's existing retail presence of over 3,800 stores, including Ulta Beauty, Target, Walmart, Amazon, and 94+ owned Hair Color Bars. The company differentiates itself by offering salon-quality formulas free from harsh ingredients like ammonia, resorcinol, and PPD, while incorporating conditioning ingredients such as argan oil and ginseng root extract.

Uber Technologies (NYSE: UBER) and Sally Beauty have announced a nationwide partnership to offer on-demand delivery of beauty supplies through the Uber Eats platform. This marks Uber Eats' first national beauty partnership, enabling customers to order hair care products, hair color, nail products, and styling tools directly through the app.

To celebrate the launch, customers can receive 50% off orders of $50 or more through March 31st. Uber One members will continue to enjoy $0 Delivery Fees on eligible orders. The partnership enhances Sally Beauty's digital presence and expands their same-day delivery reach nationwide.

The service provides access to best-selling brands including bondbar, Dashing Diva, Eva NYC, ion, OPI, Sauce Beauty, Wella, and XMONDO. Customers can easily browse and order products through the Uber Eats app's Retail or Beauty category, with real-time order tracking.

Sally Beauty Holdings (NYSE: SBH) has announced plans to relocate its corporate headquarters from Denton to Plano, Texas, maintaining its presence in the Dallas-Fort Worth area. The company will move to a new facility at 7900 Windrose, which is designed to be a modern and collaborative workspace.

The relocation aims to create a 'workplace of the future' that will enhance collaboration, innovation, and support talent retention efforts. The company expects to remain in its current Denton location through late 2025 while the new headquarters is under construction.

The move comes after more than 40 years in Denton. Plano officials highlighted the city's robust infrastructure, thriving job market, and pedestrian-friendly office environment as key advantages of the new location, which offers convenient access to State Highway 121 and Dallas North Tollway.

Bolt Projects Holdings (Nasdaq: BSLK) has announced a strategic partnership with Goddess Maintenance Co. (GMCo) for a groundbreaking beauty launch. GMCo has committed to $4 million in annual b-silk purchases through a multi-year supply agreement.

The launch, scheduled for Spring 2025, will be distributed through Sally Beauty Holdings' Beauty Systems Group network, reaching over 1,300 retail locations across the United States. GMCo's founding team includes Lauren Vesler and Manda Mason from The W Nail Bar, along with Edward Connaghan and Denise Russell, who contributed to Olaplex and K18's success.

The partnership leverages Bolt's Vegan Silk Technology Platform and targets the global beauty and personal care market, which is projected to reach $973.13 billion by 2030 with a 7.7% CAGR.

Sally Beauty Holdings (NYSE: SBH) reported strong Q1 fiscal 2025 results with consolidated net sales of $938 million, up 0.7% year-over-year, and comparable sales growth of 1.6%. The company achieved GAAP operating margin expansion of 330 basis points to 10.7% and adjusted operating margin growth of 50 basis points to 8.4%.

Key financial highlights include GAAP diluted EPS of $0.58, e-commerce sales of $99 million (10.6% of net sales), and operating free cash flow of $57 million. The company repaid $41 million of Term Loan B debt and completed $10 million in share repurchases.

Beauty Systems Group announced a new distribution partnership with K18, set to launch April 1st in all U.S. and Canadian stores. The company maintains its full-year guidance for comparable sales (flat to up 2%) and adjusted operating margin (8.5% to 9.0%), while updating consolidated net sales guidance to reflect foreign exchange impacts.