Sally Beauty Hldgs Stock Price, News & Analysis

Sally Beauty Holdings, Inc. (NYSE: SBH) reported its first-quarter financial results for fiscal 2021, showing a 3.7% decline in same-store sales, primarily due to COVID-19 impacts, including store closures and capacity restrictions. Global e-commerce sales surged 48%, and gross margin improved to 50.3%, up 190 basis points year-over-year. GAAP diluted EPS rose 11% to $0.50, while adjusted EPS increased 6%. The company maintained a robust liquidity position with $538 million in cash and no outstanding debt on its credit line.

Sally Beauty Holdings, Inc. (NYSE: SBH) announced the election of James M. Head to its Board of Directors during the Annual Meeting of stockholders. Bob McMaster, Chairman of the Board, expressed confidence in Head's financial and strategic experience to enhance the Company’s direction. Mr. Head has been a Partner at BDT & Company since 2016 and previously worked at Morgan Stanley for 22 years in various executive roles, including in Mergers and Acquisitions. Sally Beauty operates over 5,000 stores globally, offering a wide range of beauty products.

Sally Beauty Holdings (NYSE:SBH) will host a conference call and webcast on February 4, 2021, at 7:30 a.m. CT to discuss its first-quarter financial results. The press release detailing these results will be available before U.S. markets open on the same day. Investors can access the call via telephone or through a webcast. A replay of the earnings call will also be available from February 4, starting at 10:30 a.m. CT until February 11, 2021. The company operates over 5,000 stores and is a leading distributor of professional beauty supplies.

Salesforce (NYSE: CRM) announced a partnership with Sally Beauty Holdings (NYSE: SBH) to enhance digital shopping experiences amid rising demand for DIY beauty products. This collaboration focuses on implementing Salesforce's cloud solutions, including Commerce Cloud, Marketing Cloud, and Service Cloud, to streamline online shopping, improve inventory management, and enhance customer engagement. Sally Beauty's swift response to changing consumer behavior during the pandemic includes digital options like buy online and curbside pick-up, supporting both customers and salon professionals.

Sally Beauty Holdings (NYSE: SBH) has fully repaid $213 million of its 4.5% fixed-rate term loan, funded by excess cash. This move is part of the company's strategy to deleverage its balance sheet, following a previous debt reduction of $445 million in September 2020. As of December 31, 2020, Sally Beauty reported over $515 million in cash and no outstanding balance on its credit line. CFO Marlo Cormier noted the company's resilience during the pandemic and emphasized the importance of continuing their debt reduction efforts as liquidity needs diminish.

Sally Beauty Holdings, Inc. (NYSE: SBH) announced its participation in the Morgan Stanley Virtual Global Consumer and Retail Conference, scheduled for December 2, 2020, at 3:00 PM ET. The presentation will feature Chris Brickman, the President and CEO, and Marlo Cormier, the Chief Financial Officer. This event will be accessible via a live webcast. Sally Beauty operates approximately 5,038 stores across several countries, generating around $3.5 billion in annual revenues, offering a wide range of professional beauty supplies through its brands.

Sally Beauty has launched a nationwide Buy Online, Pick Up In-Store (BOPIS) program to enhance shopping convenience, addressing consumer needs during the holiday season and beyond. This service complements existing omni-channel options, such as curbside pickup and mobile app ordering. The company emphasizes its commitment to evolving digital experiences, highlighted by the ColorView™ technology that allows virtual product trials. Additionally, Sally Beauty introduced DIY University to empower customers in their at-home beauty routines. With revenues around $3.5 billion, the retailer operates over 5,000 stores globally, making a strong impact in the beauty supplies market.

Sally Beauty Holdings, Inc. (NYSE: SBH) announced key leadership changes, appointing Marlo Cormier as Chief Financial Officer, John Goss as Senior Vice President and President of Sally Beauty Supply, and Mary Beth Edwards as Chief Information Officer and Chief Transformation Officer. Aaron Alt will leave the company effective November 27, 2020. The appointments align with the company’s succession planning and are part of its ongoing transformation plan, which remains on track for success.

Sally Beauty Holdings (NYSE: SBH) reported its fourth-quarter results for fiscal 2020, ending September 30. Consolidated net sales were $957.8 million, a 0.8% drop year-over-year, despite a 1.3% increase in same-store sales. Noteworthy growth of 69% in global e-commerce sales was reported. GAAP diluted earnings per share rose to $0.62, a 6.9% increase, while adjusted EPS increased 8.6% to $0.63. The company reduced debt by $445 million and reported operating free cash flow of $131 million. The key focus moving forward is on digital transformation and maintaining liquidity amid ongoing pandemic uncertainties.