Sally Beauty Hldgs Stock Price, News & Analysis

Sally Beauty has announced the winners of its third annual Cultivate accelerator program, which supports small businesses by connecting them with consumers. The selected brands, LUXXI and Juices & Botanics, will be available in stores and online starting January 2023. LUXXI specializes in vegan press-on nails, while Juices & Botanics focuses on innovative hair care products. Each winner receives $15,000 in funding and a 12-month mentorship. This initiative reinforces Sally Beauty's commitment to championing emerging brands in the beauty industry.

Sally Beauty Holdings (SBH) reported Q3 fiscal 2022 results with a net sales decrease of 6.0% to $961 million and a comparable sales decline of 3.6%. While GAAP diluted EPS stood at $0.43, the adjusted EPS was $0.55. Gross margin improved to 51.0%, up 70 basis points year-over-year. The company repaid $300 million in senior secured notes, enhancing financial flexibility. However, ongoing inflation and supply chain issues impacted performance. The updated guidance forecasts a 2% decline in net sales for the fiscal year.

Sally Beauty Holdings, Inc. (NYSE:SBH) will host a conference call and webcast on August 4, 2022, at 7:30 a.m. Central Time to discuss its third quarter financial results. The press release detailing these results is expected to be available before U.S. markets open on the same day. Investors can join the call by dialing (844) 867-6169 or via the webcast at sallybeautyholdings.com/investor-relations. A replay of the call will be accessible from August 4 to August 18, 2022.

Sally Beauty Holdings, Inc. (NYSE: SBH) has successfully repaid the full balance of $300 million on its 8.75% senior secured notes due 2025. The repayment was made using excess cash and $150 million borrowed from its ABL credit facility. CFO Marlo Cormier highlighted that these senior notes, issued during the pandemic, were no longer necessary. Since September 2020, the company has managed to pay down over $1 billion in debt, reflecting significant progress on its balance sheet and leverage ratio.

Nailboo, a leading DTC brand in the nail category, has partnered with Sally Beauty as its first retail partner, expanding its presence in the market. The partnership includes the exclusive launch of the Nailboo Dip Starter Kit, Dip Powder Shades, and Max Gloss Polish, now available across 2,700 stores in the U.S. and Canada. Since its launch in 2020, Nailboo has grown over 100% each year and attracted more than 400,000 customers. This collaboration marks a significant milestone for Nailboo as it aims to enhance its retail footprint while catering to the growing DIY beauty trend.

Sally Beauty Holdings (NYSE: SBH) reported Q2 2022 financial results, showing a 1.6% decrease in consolidated net sales at $911 million. Despite supply chain pressures, Adjusted Diluted EPS was $0.47, down from $0.57 YoY. Gross margin improved to 51.1%, while operating margin was 9.5%. The company repurchased 3.2 million shares for $55 million. Future guidance indicates flat to 2% decline in net sales, with an expected operating margin of 11.0% for FY 2022.

Sally Beauty, a leader in the beauty supply industry, has expanded its product range with the launch of the Strawberry Leopard hair care line tailored for vivid hair. This follows the successful introduction of its hair color line last Fall, comprising 18 customizable shades. The new care products, enriched with Provitamin B5, Mango Oil, and Rice Protein, aim to protect and maintain vibrant colors. The line includes shampoo, conditioner, color sealing spray, and UV & heat protector cream. All products are vegan and cruelty-free, reflecting consumer demand for quality ingredients.

Sally Beauty Holdings, Inc. (NYSE: SBH) will host a conference call and webcast on May 5, 2022, at 7:30 a.m. Central Time to discuss its second quarter financial results. The press release containing these results will be available before the U.S. markets open on the same day. Investors can participate in the call via telephone or live webcast, with a replay available until May 19, 2022. Sally Beauty, a leader in professional hair color, operates through its Sally Beauty Supply and Beauty Systems Group divisions, offering a wide range of beauty products.

The 2022 Cultivate Accelerator Program by Sally Beauty Holdings aims to support diversity and growth in the beauty industry by empowering entrepreneurs through mentorship and funding. Launched in 2018, the program focuses on scaling small businesses with innovative hair care and styling products. This year, it has expanded to include a broader group of beauty innovators. Winners receive $30,000 in funding and guidance in key business areas, while applications are open until April 22, 2022. The initiative aligns with Sally Beauty's commitment to fostering entrepreneurship in the beauty sector.