Sally Beauty Hldgs - SBH STOCK NEWS

Sally Beauty Holdings, Inc. (NYSE: SBH) announced key leadership changes, appointing Marlo Cormier as Chief Financial Officer, John Goss as Senior Vice President and President of Sally Beauty Supply, and Mary Beth Edwards as Chief Information Officer and Chief Transformation Officer. Aaron Alt will leave the company effective November 27, 2020. The appointments align with the company’s succession planning and are part of its ongoing transformation plan, which remains on track for success.

Sally Beauty Holdings (NYSE: SBH) reported its fourth-quarter results for fiscal 2020, ending September 30. Consolidated net sales were $957.8 million, a 0.8% drop year-over-year, despite a 1.3% increase in same-store sales. Noteworthy growth of 69% in global e-commerce sales was reported. GAAP diluted earnings per share rose to $0.62, a 6.9% increase, while adjusted EPS increased 8.6% to $0.63. The company reduced debt by $445 million and reported operating free cash flow of $131 million. The key focus moving forward is on digital transformation and maintaining liquidity amid ongoing pandemic uncertainties.

Sally Beauty Supply has launched its inaugural group of brand ambassadors, the SallyCrew, featuring diverse beauty influencers and educators. This initiative aims to enhance beauty accessibility through education, leveraging platforms like Instagram and YouTube. The SallyCrew will support Sally Beauty's new DIY University, offering practical beauty education to empower consumers. Notable ambassadors include Asea Gilmore, Charity LeBlanc, Emily Boulin, and Zenita Collie, who bring expertise in hair care and styling. Sally Beauty Holdings generates approximately $3.9 billion in annual revenue across 5,089 stores globally.

Sally Beauty Holdings, Inc. (NYSE:SBH) announced a conference call on November 12, 2020, at 7:30 a.m. Central Time to discuss its fourth quarter financial results. The earnings release will be available before U.S. markets open on the same day. Additionally, the company will hold its annual meeting of stockholders virtually on January 28, 2021, with a record date set for November 30, 2020. Sally Beauty is a leading retailer in professional beauty supplies, generating approximately $3.9 billion in annual revenue across over 5,000 stores.

Sally Beauty Holdings (NYSE: SBH) announces the appointment of three new executives to enhance its marketing leadership: Frances Lukban as VP of Content & Media Strategy, Mindy Torrey as VP of Creative, and Dorothy Jones as VP of Category and Field Marketing. This move is part of Sally Beauty's strategy to transition into an omni-channel retailer, focusing on personalized content and solutions. With extensive backgrounds in marketing and brand strategy, the new leaders are expected to play crucial roles in driving growth and success for the company.

Sally Beauty Supply and Cosmo Prof have selected four female-owned beauty brands for the 2020 Cultivate Cohort, aimed at empowering these entrepreneurs. The program includes business grants totaling $60,000, online distribution at the companies' websites, and a 4-week virtual boot camp focusing on essential business areas. The inaugural program in 2018 saw brands like Curlanista and PuffCuff achieve significant growth, further establishing Sally Beauty's commitment to supporting female and Black-founded businesses. The four selected brands cater to diverse hair care needs.

Sally Beauty Holdings (NYSE: SBH) has announced the acquisition of La Maison Ami-Co Inc., enhancing its presence in Quebec. This acquisition involves 10 stores and 17 direct sales consultants, alongside exclusive distribution rights for top brands like Wella and Goldwell. With existing operations of 122 wholesale stores under the CosmoProf and Chalut brands and 140 retail stores, this move aims to bolster BSG's offerings and market position in Canada. The company also expanded its online retail product selection to 4,100 items, improving e-commerce efficiencies.

Sally Beauty Supply and Cosmo Prof have launched their inaugural credit card programs, enhancing customer rewards. The Sally Beauty Rewards Credit Card is open to all shoppers, while the Cosmo Prof Rewards Credit Card caters specifically to beauty professionals. Both cards offer unique benefits, including discounts and bonus reward opportunities. New cardholders can enjoy an immediate $20 off their purchase over $50. The launch aims to facilitate shopping and rewards for customers and professionals in the evolving post-COVID landscape.

Sally Beauty Supply and CosmoProf announced the launch of the second edition of the Cultivate program, aimed at supporting female beauty entrepreneurs. Starting from August 17 to September 7, 2020, the program will accept entries from women-owned hair care, hair color, and nail brands. The top four brands will receive a business grant, online distribution, and training in areas such as marketing and ecommerce. The initiative highlights Sally Beauty's commitment to lifting female-owned brands, following the success of past participants like Curlanista and PuffCuff.