Sally Beauty Hldgs Stock Price, News & Analysis

Sally Beauty Holdings (NYSE: SBH) has appointed Ellery Fisher as Group Vice President of E-commerce & Digital, effective May 11, 2021. Fisher aims to enhance the omni-channel shopping experience by fostering engagement and interaction among digital shoppers. He previously served as Vice President of E-commerce for H-E-B, where he achieved profitability and market share growth. His extensive background includes leadership roles at major companies like Amazon and Walmart. CEO Chris Brickman emphasized the importance of a seamless digital experience for customers.

Sally Beauty Holdings, Inc. (NYSE: SBH) reported strong financial results for Q2 2021, ending March 31. Consolidated same-store sales rose by 6.5%, driven by increased consumer confidence and government stimulus. Global e-commerce sales surged 56%. GAAP gross margin reached 50.4%, with adjusted operating earnings increasing 83% to $112 million. Diluted EPS rose to $0.34, reflecting a 183% year-over-year growth. The company maintains a solid liquidity position with $408 million in cash and no outstanding debt on its credit line. Future strategic focus includes enhancing customer engagement and loyalty.

Sally Beauty Holdings (NYSE: SBH) announced a conference call and webcast on May 6, 2021, at 7:30 a.m. CT to discuss its second quarter financial results. The earnings report will be available before the U.S. markets open on the same day. Investors can participate via telephone or through a live webcast, with a supplemental slide presentation accessible online. A replay of the conference call will be available starting at 10:30 a.m. CT on May 6 until May 13, 2021. Sally Beauty operates around 5,000 stores globally, distributing professional beauty products.

Sally Beauty has announced the appointment of Brenda Rutenber as Group Vice President of Stores and the promotion of Maryann Herskowitz to Group Vice President of Merchandising. These leadership changes aim to enhance the company's omni-channel experience and strengthen its product offerings in Hair Color, Hair Care, and Nails. Rutenber brings extensive experience in integrating in-store and online shopping, while Herskowitz's focus will be on expanding Sally Beauty's owned brand portfolio and meeting customer needs. CEO Chris Brickman calls these moves strategic investments for continued growth.

Sally Beauty has significantly expanded its hair color range, introducing over 60 new shades from exclusive brands like Ion and Iroiro, alongside popular names such as Good Dye Young and Wella. This enhancement positions Sally Beauty as the largest omni-channel retailer for hair color, boasting over 1,200 shades. The initiative aims to cater to the growing DIY hair color trend accelerated by the pandemic. Customers can also access virtual color trials via ColorView AI technology and educational resources through DIY University, offering hands-on learning for at-home hair coloring.

Sally Beauty Holdings announced the distribution of four brands from its 2020 Cultivate Cohort, empowering female-founded beauty brands. The selected brands, Peculiar Roots, UniQurl, Pattie Yankee Products, and True + Pure Texture, will be available in select stores and online. The program grants the brands a total of $60,000 and access to a retail readiness boot camp. Sally Beauty aims to support emerging female entrepreneurs, continuing its legacy of promoting women-owned brands since 2018. This initiative underscores Sally Beauty's commitment to diversifying its product offerings in the beauty market.

Sally Beauty Holdings (NYSE: SBH) announced the full repayment of $197 million on its 5.50% senior unsecured notes due 2023 on April 1, 2021. This repayment was made using excess cash, showcasing the company's commitment to deleveraging its balance sheet. As of March 31, 2021, Sally Beauty had approximately $375 million in cash and no outstanding balance on its revolving credit line. Since September 2020, the company has successfully reduced its debt by over $850 million, indicating strong liquidity and effective management during the COVID-19 pandemic.

Sally Beauty Holdings (NYSE: SBH) announced the appointment of Kim McIntosh as Group Vice President, Controller, and Chief Accounting Officer. McIntosh brings extensive experience from her prior role at Tailored Brands, Inc., where she served as Chief Accounting Officer and Vice President, Corporate Controller. Her background includes general accounting, financial reporting, and payroll management. CFO Marlo Cormier expressed confidence that McIntosh's retail industry knowledge will support the company's growth strategy.

Sally Beauty Holdings (NYSE: SBH) announced its participation in the Raymond James Institutional Investors Conference, scheduled for March 2, 2021, at 10:00 AM ET. Key executives, including CEO Chris Brickman and CFO Marlo Cormier, will present insights on the company’s performance and future outlook. The presentation will be available via livestream. Sally Beauty is a leading distributor of professional beauty supplies, operating over 5,000 stores globally, including renowned proprietary and professional brands.