Sally Beauty Hldgs - SBH STOCK NEWS

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.

Sally Beauty Supply has launched its inaugural group of brand ambassadors, the SallyCrew, featuring diverse beauty influencers and educators. This initiative aims to enhance beauty accessibility through education, leveraging platforms like Instagram and YouTube. The SallyCrew will support Sally Beauty's new DIY University, offering practical beauty education to empower consumers. Notable ambassadors include Asea Gilmore, Charity LeBlanc, Emily Boulin, and Zenita Collie, who bring expertise in hair care and styling. Sally Beauty Holdings generates approximately $3.9 billion in annual revenue across 5,089 stores globally.

Sally Beauty Holdings, Inc. (NYSE:SBH) announced a conference call on November 12, 2020, at 7:30 a.m. Central Time to discuss its fourth quarter financial results. The earnings release will be available before U.S. markets open on the same day. Additionally, the company will hold its annual meeting of stockholders virtually on January 28, 2021, with a record date set for November 30, 2020. Sally Beauty is a leading retailer in professional beauty supplies, generating approximately $3.9 billion in annual revenue across over 5,000 stores.

Sally Beauty Holdings (NYSE: SBH) announces the appointment of three new executives to enhance its marketing leadership: Frances Lukban as VP of Content & Media Strategy, Mindy Torrey as VP of Creative, and Dorothy Jones as VP of Category and Field Marketing. This move is part of Sally Beauty's strategy to transition into an omni-channel retailer, focusing on personalized content and solutions. With extensive backgrounds in marketing and brand strategy, the new leaders are expected to play crucial roles in driving growth and success for the company.

Sally Beauty Supply and Cosmo Prof have selected four female-owned beauty brands for the 2020 Cultivate Cohort, aimed at empowering these entrepreneurs. The program includes business grants totaling $60,000, online distribution at the companies' websites, and a 4-week virtual boot camp focusing on essential business areas. The inaugural program in 2018 saw brands like Curlanista and PuffCuff achieve significant growth, further establishing Sally Beauty's commitment to supporting female and Black-founded businesses. The four selected brands cater to diverse hair care needs.