Sally Beauty Hldgs Stock Price, News & Analysis

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.

Cosmo Prof (NYSE: SBH) is set to host its largest virtual summit, 'Color the World', on September 26-27, 2021. The event will feature over 30 classes from 26 leading brands, focusing on color trends and techniques. Attendees can gain continuing education credits and learn from industry experts like Olaplex and Matrix. Tickets are priced at $50, with a discounted rate of $40 for students, offering access to classes for two weeks post-event. This summit aims to meet the evolving educational needs of stylists.

Denise Paulonis has been appointed as President and Chief Executive Officer of Sally Beauty Holdings (NYSE: SBH), effective October 1, 2021. She succeeds Chris Brickman, who will step down after leading the company through a transformative period. Ms. Paulonis, who has served on the Board since 2018 and has extensive experience in finance and operations, aims to enhance the company's growth trajectory. Mr. Brickman will assist in the transition until March 31, 2022. This change is part of a strategic succession plan to position SBH for continued success.

Sally Beauty Holdings reported a strong fiscal Q3 2021, achieving consolidated net sales of $1.02 billion, up 45% year-over-year. Same store sales increased 44.7%, primarily due to rising consumer demand and easing COVID-19 restrictions. E-commerce sales reached $71 million, making up 7% of total sales. Gross margin improved to 50.3%, and GAAP diluted EPS rose to $0.66, a 414% increase year-over-year. The company also reduced its debt by $205 million, ending the quarter with a cash balance of $270 million.

Sally Beauty Holdings, Inc. (NYSE: SBH) has appointed Erin Nealy Cox to its Board of Directors. Bob McMaster, Chair of the Board, expressed enthusiasm about her return as an independent director, emphasizing her leadership qualities. Nealy Cox has a strong background as a trial attorney and cybersecurity expert, previously serving on the Board from August 2016 to November 2017 before taking the role of U.S. Attorney for the Northern District of Texas until January 2021. She brings valuable experience from positions at McKinsey & Co. and Stroz Friedberg.

Sally Beauty Holdings (NYSE:SBH) will host a conference call and webcast on July 29, 2021, at 7:30 a.m. Central Time to discuss its third quarter financial results. A press release detailing these results will be available prior to the market opening on the Company's investor relations website. The call will include discussions on strategy, financial results, and future expectations. A replay will be accessible from July 29 at 10:30 a.m. until August 5, 2021. Sally Beauty operates around 5,000 stores globally, offering a wide range of beauty products.

It's A 10 Haircare announces the launch of its Coily Miracle Collection, specifically designed for textured hair types. The new line includes a Leave-In Product, Hair Mask, Curl Cream, Gelled Oil, and Hydrating Shampoo, formulated with superfood ingredients like avocado oil and shea butter. This launch, exclusive to Sally Beauty, aims to enhance hair care for diverse textures. The company emphasizes inclusivity and plans to introduce celebrity ambassadors in the upcoming months. It's A 10, a professional hair care brand, is recognized for offering high-quality products catered to various hair types.

Sally Beauty has launched a new campaign, YOU by Sally, aimed at promoting self-expression through hair color. The campaign highlights the rise of vivid hair colors, which grew by 53% in Q1 2021, making up 27% of total color sales. Partnering with TikTok creator Heather Chelan, the campaign features her viral video and a new anthem titled Colored Hair. It aims to normalize colored hair in professional settings and showcases a diverse cast of influencers. The campaign was launched on June 4, 2021, across various digital platforms.