Sally Beauty Hldgs Stock Price, News & Analysis

Sally Beauty Holdings, Inc. (NYSE: SBH) will host a conference call on February 2, 2022, at 7:30 a.m. Central Time 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 join via telephone or through a live webcast. A replay of the call will be accessible from February 2 until February 16, 2022. Sally Beauty, a leader in professional hair color, operates globally through its Sally Beauty Supply and Beauty Systems Group brands.

Sally Beauty (NYSE: SBH) has entered an exclusive relationship with NielsenIQ to enhance analytics and partnerships in the beauty industry. This collaboration aims to create a strategic data-sharing program, enabling manufacturers to assess online and offline sales while optimizing pricing strategies. The partnership is expected to extend NielsenIQ’s reach by measuring an additional $2 billion in beauty sales, enhancing Sally Beauty's operational capabilities through a modern visualization platform. This initiative aligns with the industry's focus on consumer-led growth.

Sally Beauty announced a partnership with DoorDash to provide free, 2-hour delivery from over 1,100 stores across the U.S. throughout December 2021. This initiative aims to enhance the shopping experience during the holiday season, offering convenience amid shipping delays. Orders placed by 4:00 PM qualify for same-day delivery with no minimum spend required. Sally Beauty is focusing on consumer demand and omni-channel retailing, expanding options like Buy Online Pickup In-Store to meet customer needs during this busy period.

Sally Beauty Holdings, Inc. (NYSE: SBH) announced the withdrawal of its proposed public offering of $780 million in Senior Notes due 2030 due to unfavorable market conditions. CFO Marlo Cormier indicated that while there was significant interest, the market terms were not attractive enough to proceed. The earlier conditional redemption notice for its existing 5.625% senior notes due 2025 has been rescinded, as the necessary conditions were not met before the December 13, 2021 deadline.

Sally Beauty has launched the Ion Luxe Supercharged Hair Dryer, retailing at $249.99. This new dryer features a supersonic motor for ultra-fast drying, 20 million ions for reduced frizz, and memory recovery for personalized settings. It emphasizes a balance between luxury and affordability, aiming to meet demand for effective hairstyling tools without high costs. The dryer is available exclusively at Sally Beauty, adding to the brand's extensive product lineup.

Sally Beauty Holdings, Inc. (NYSE: SBH) plans to raise $780 million through a public offering of Senior Notes due 2030, guaranteed by the company and its subsidiaries. The proceeds will be used to redeem $679.96 million of existing senior notes due 2025 at a premium, alongside covering related fees and general corporate purposes. The redemption is expected on December 13, 2021, contingent upon the successful completion of the offering. J.P. Morgan, BofA Securities, and Truist Securities are the joint book-running managers for this offering.

Sally Beauty Holdings, Inc. (NYSE: SBH) reported its Q4 fiscal 2021 financial results, highlighting a 3.4% increase in consolidated net sales to $990 million, with GAAP diluted EPS of $0.59 and adjusted diluted EPS of $0.64. The company achieved a 10.3% growth in annual net sales, amounting to $3.87 billion, driven by a strong e-commerce performance of $281 million. Operating cash flow for Q4 stood at $164 million, and the company reduced its debt by approximately $420 million during the fiscal year. Guidance for fiscal 2022 anticipates a 3% to 4% increase in net sales.

Sally Beauty Holdings, Inc. (NYSE:SBH) will hold a virtual annual meeting for stockholders on January 27, 2022, at 9:00 a.m. Central Time. A conference call to discuss the fourth quarter and full year financial results is scheduled for November 11, 2021, at 7:30 a.m. Central Time. The earnings press release will precede the call. Investors can access the call through a dedicated phone line or via webcast on the company's investor relations page.

Sally Beauty, a leader in professional hair color, continues to expand its offerings in DIY beauty to solidify its position as the go-to retailer. With over 1,200 hair color shades and a significant focus on nails, Sally Beauty has introduced 95 dip powder shades and plans to add 200 new nail polish shades to its inventory. The retailer aims to meet consumer demand for self-expression and innovation, featuring tools and starter kits for at-home manicures. Additionally, its DIY University platform offers valuable tutorials to enhance customer experience.