Sally Beauty Hldgs - SBH STOCK NEWS

Sally Beauty Holdings (NYSE: SBH) announced the appointment of Kim McIntosh as Group Vice President, Controller, and Chief Accounting Officer. McIntosh brings extensive experience from her prior role at Tailored Brands, Inc., where she served as Chief Accounting Officer and Vice President, Corporate Controller. Her background includes general accounting, financial reporting, and payroll management. CFO Marlo Cormier expressed confidence that McIntosh's retail industry knowledge will support the company's growth strategy.

Sally Beauty Holdings (NYSE: SBH) announced its participation in the Raymond James Institutional Investors Conference, scheduled for March 2, 2021, at 10:00 AM ET. Key executives, including CEO Chris Brickman and CFO Marlo Cormier, will present insights on the company’s performance and future outlook. The presentation will be available via livestream. Sally Beauty is a leading distributor of professional beauty supplies, operating over 5,000 stores globally, including renowned proprietary and professional brands.

Sally Beauty (NYSE: SBH) launched a platform to connect the Black and textured hair community, starting in Black History Month. The initiative features over 100 brands, including 50 Black-founded brands in various beauty categories. Sally Beauty has been proactive in distributing textured hair care brands and supporting emerging companies through its Cultivate program. Additionally, the company will expand its DIY University platform with virtual classes, enhancing consumer engagement and education in textured hair care.

Sally Beauty Holdings, Inc. (NYSE: SBH) reported its first-quarter financial results for fiscal 2021, showing a 3.7% decline in same-store sales, primarily due to COVID-19 impacts, including store closures and capacity restrictions. Global e-commerce sales surged 48%, and gross margin improved to 50.3%, up 190 basis points year-over-year. GAAP diluted EPS rose 11% to $0.50, while adjusted EPS increased 6%. The company maintained a robust liquidity position with $538 million in cash and no outstanding debt on its credit line.

Sally Beauty Holdings, Inc. (NYSE: SBH) announced the election of James M. Head to its Board of Directors during the Annual Meeting of stockholders. Bob McMaster, Chairman of the Board, expressed confidence in Head's financial and strategic experience to enhance the Company’s direction. Mr. Head has been a Partner at BDT & Company since 2016 and previously worked at Morgan Stanley for 22 years in various executive roles, including in Mergers and Acquisitions. Sally Beauty operates over 5,000 stores globally, offering a wide range of beauty products.

Sally Beauty Holdings (NYSE:SBH) will host a conference call and webcast on February 4, 2021, at 7:30 a.m. CT 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 access the call via telephone or through a webcast. A replay of the earnings call will also be available from February 4, starting at 10:30 a.m. CT until February 11, 2021. The company operates over 5,000 stores and is a leading distributor of professional beauty supplies.

Salesforce (NYSE: CRM) announced a partnership with Sally Beauty Holdings (NYSE: SBH) to enhance digital shopping experiences amid rising demand for DIY beauty products. This collaboration focuses on implementing Salesforce's cloud solutions, including Commerce Cloud, Marketing Cloud, and Service Cloud, to streamline online shopping, improve inventory management, and enhance customer engagement. Sally Beauty's swift response to changing consumer behavior during the pandemic includes digital options like buy online and curbside pick-up, supporting both customers and salon professionals.

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.