Sally Beauty Hldgs Stock Price, News & Analysis

Sally Beauty Holdings (NYSE:SBH) has announced it will host a conference call and webcast to discuss its first quarter financial results on February 13, 2025, at 7:30 a.m. Central Time. The company plans to release its financial results press release before U.S. markets open on the same day.

Investors can access the conference call from the United States by dialing (844) 867-6169 or internationally at (409) 207-6975 using access code 3549572#. A replay will be available from 10:30 a.m. Central Time on February 13 until February 27, 2025, accessible by dialing (866) 207-1041 (US) or (402) 970-0847 (International) with access code 1782156.

Sally Beauty (SBH) has announced the continuation of its Rooted in Success event series and partnership with Impressions of Beauty for the Black Girls Matter Meetup Tour. The initiative will visit nine HBCU campuses across the Southeast during February and March 2025.

The program includes on-campus brunches at six universities, featuring panel discussions with industry professionals from Black-owned brands available at Sally Beauty. Students will receive product demonstrations, hair consultations, and opportunities to win $300 Sally Beauty gift cards.

The company has also appointed celebrity hairstylist Monaè Everett as a new spokesperson. Sally Beauty currently carries over 50 Black-owned or founded brands and will introduce a new textured hair brand, Pardon My Fro, in March 2025. The company is also supporting the Future Change MakeHERs initiative, providing $200 gift cards to six emerging HBCU leaders.

Sally Beauty Holdings (NYSE: SBH) reported Q4 fiscal 2024 results with consolidated net sales of $935 million, up 1.5% year-over-year, and comparable sales growth of 2.0%. Q4 GAAP operating margin expanded 50 basis points to 8.8%, while adjusted operating margin improved 80 basis points to 9.4%. The company generated strong Q4 cash flow from operations of $111 million, which was used to repay $45 million in credit facility debt and fund $10 million in share repurchases. Beauty Systems Group acquired Exclusive Beauty Supplies in Florida. For fiscal 2025, the company expects consolidated net sales and comparable sales to be flat to up 2%, with adjusted operating margin projected between 8.5% to 9.0%.

Sally Beauty Holdings (NYSE:SBH) has announced two key events: its fourth quarter and full year financial results conference call scheduled for November 14, 2024, at 7:30 a.m. Central Time, and its virtual annual meeting of stockholders set for January 24, 2025, at 9:00 a.m. Central. The financial results press release will be available before market open on November 14. The earnings call will be accessible via telephone and webcast, with replay options available until November 28. The company has set November 25, 2024, as the record date for stockholder voting eligibility at the annual meeting.

Sally Beauty launches the ion Luxe 8-In-1 Airstyler Pro, expanding its award-winning styling tool collection. The device features negative ion technology and Coanda effect technology for gentle air styling, minimizing heat damage. Priced at $199.99, it includes eight attachments for various styling options, from curls to sleek blowouts. The tool offers four heat settings with a maximum temperature of 190°F and a cool shot button. Initially available exclusively in the SALLY app, it will expand to stores and online at SallyBeauty.com on November 1, 2024.

Infosys (NSE: INFY, BSE: INFY, NYSE: INFY) has announced a strategic collaboration with Sally Beauty Holdings, Inc. (SBH) to implement enterprise-scale IT transformation. The partnership aims to bring efficiencies through IT service delivery optimization and implement AI-driven hyper-automation using Infosys Topaz.

Key aspects of the collaboration include:

• Standardizing and simplifying SBH's IT systems and services
• Enabling 24/7 predictive and proactive monitoring
• Consolidating support services
• Driving process improvements
• Optimizing costs over a five-year period

This transformation aligns with SBH's 'Fuel for Growth' initiative and is expected to enhance customer experiences while improving operational efficiency.

Sally Beauty, a leading beauty retailer, announces its latest Rooted in Success initiative celebrating Hispanic heritage in Miami this October. The company is collaborating with Miami-based Latin American artist Disem305 to create a mural in Wynwood, showcasing beauty across multiple generations and backgrounds within the Hispanic community. The mural will be unveiled on October 1, 2024.

From October 16-20, 2024, Sally Beauty ambassadors will distribute gift cards and free products from Hispanic-owned or founded brands in Miami. The company is also partnering with the US Latinx Art Forum (USLAF) to amplify diverse voices and provide greater accessibility to art-based learning within the Hispanic community.

Sally Beauty Holdings is extending Hispanic heritage programming in-office with events led by SOMOS, the Hispanic Employee Resource Group. The initiative aims to celebrate Hispanic heritage, drive community and inclusion, and showcase the impactful influence of the Hispanic community on beauty and art.

Sally Beauty Holdings (NYSE: SBH) reported Q3 fiscal 2024 results with positive performance:

- Consolidated net sales increased 1.2% to $942 million
- Consolidated comparable sales up 1.5%
- GAAP gross margin at 51.0%
- GAAP operating earnings of $72 million (7.6% margin)
- Adjusted Operating Earnings of $84 million (8.9% margin)
- GAAP diluted EPS of $0.36, Adjusted EPS of $0.45
- Cash flow from operations of $48 million

The company maintained its full-year fiscal 2024 guidance, expecting flat net sales and comparable sales, gross margin of 50.5-51.0%, and adjusted operating margin of approximately 8.5%.

Underlining, a beauty brand developer, has launched Freewill, a customizable haircare brand co-developed with Sally Beauty (SBH). Freewill offers 32 salon-quality products designed for hair cycling, covering categories like Scalp & Detox, Volume Boost, Smooth & Sleek, and Color Care. The products are part of Sally Beauty's 'Mindful At Sally' program, emphasizing sustainability and excluding parabens, sulfates, and phthalates.

Freewill provides a Hair Routine Quiz for personalized recommendations and guidance on adjusting haircare routines. Priced from $16.99 to $22.99, the products will be available from August 1st on freewillhair.com, in Sally Beauty stores, and through online platforms like Amazon and TikTok Shop.