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Sally Beauty Holdings, Inc. (NYSE: SBH) is a leading specialty retailer and distributor of professional beauty supplies. The company operates through two primary segments: Sally Beauty Supply and Beauty Systems Group.
The Sally Beauty Supply segment caters to retail customers, salons, and salon professionals, offering a wide range of beauty products including hair color and care, skin and nail care, and styling tools. This segment features products from renowned third-party brands such as Wella, Clairol, OPI, Conair, and Hot Shot Tools, as well as exclusive-label brand merchandise.
The Beauty Systems Group segment targets professional beauty products directly to salons and salon professionals through professional-only stores, e-commerce websites, and a sales force. This segment also operates franchised stores under the Armstrong McCall store names and sells products from notable brands including Paul Mitchell.
Sally Beauty Holdings has a significant international presence, operating in the United States, Puerto Rico, the United Kingdom, Belgium, Canada, Chile, Colombia, Mexico, Peru, France, Ireland, Spain, Germany, and the Netherlands.
In recent developments, Cosmo Prof, part of the Beauty Systems Group, continues to support beauty professionals through educational initiatives. Notably, Cosmo Prof’s World of Texture event serves as a hub for students and professionals to deepen their understanding of textured hair, addressing an important gap in cosmetology education.
Additionally, Sally Beauty has recently launched Better Natured®, a vegan at-home hair color and care brand, into its stores nationwide. This launch aligns with Sally Beauty's mission to offer accessible, professional-quality products using naturally-derived ingredients.
Financially, Sally Beauty remains focused on maintaining a strong market position by expanding its product offerings, enhancing e-commerce capabilities, and continually investing in educational programs for beauty professionals. These strategies aim to bolster its reputation as a leader in the professional beauty supply industry.
Sally Beauty, a leading beauty retailer, announces its latest Rooted in Success initiative celebrating Hispanic heritage in Miami this October. The company is collaborating with Miami-based Latin American artist Disem305 to create a mural in Wynwood, showcasing beauty across multiple generations and backgrounds within the Hispanic community. The mural will be unveiled on October 1, 2024.
From October 16-20, 2024, Sally Beauty ambassadors will distribute gift cards and free products from Hispanic-owned or founded brands in Miami. The company is also partnering with the US Latinx Art Forum (USLAF) to amplify diverse voices and provide greater accessibility to art-based learning within the Hispanic community.
Sally Beauty Holdings is extending Hispanic heritage programming in-office with events led by SOMOS, the Hispanic Employee Resource Group. The initiative aims to celebrate Hispanic heritage, drive community and inclusion, and showcase the impactful influence of the Hispanic community on beauty and art.
Sally Beauty Holdings (NYSE: SBH) reported Q3 fiscal 2024 results with positive performance:
- Consolidated net sales increased 1.2% to $942 million
- Consolidated comparable sales up 1.5%
- GAAP gross margin at 51.0%
- GAAP operating earnings of $72 million (7.6% margin)
- Adjusted Operating Earnings of $84 million (8.9% margin)
- GAAP diluted EPS of $0.36, Adjusted EPS of $0.45
- Cash flow from operations of $48 million
The company maintained its full-year fiscal 2024 guidance, expecting flat net sales and comparable sales, gross margin of 50.5-51.0%, and adjusted operating margin of approximately 8.5%.
Underlining, a beauty brand developer, has launched Freewill, a customizable haircare brand co-developed with Sally Beauty (SBH). Freewill offers 32 salon-quality products designed for hair cycling, covering categories like Scalp & Detox, Volume Boost, Smooth & Sleek, and Color Care. The products are part of Sally Beauty's 'Mindful At Sally' program, emphasizing sustainability and excluding parabens, sulfates, and phthalates.
Freewill provides a Hair Routine Quiz for personalized recommendations and guidance on adjusting haircare routines. Priced from $16.99 to $22.99, the products will be available from August 1st on freewillhair.com, in Sally Beauty stores, and through online platforms like Amazon and TikTok Shop.
Sally Beauty Holdings (NYSE:SBH) has announced a conference call and webcast scheduled for August 8, 2024, at 7:30 a.m. Central Time to discuss its third quarter financial results. The company, a leader in professional hair color, will release the financial results press release before U.S. markets open on the same day. Investors can access the call by dialing (877) 336-4440 from the U.S. or (409) 207-6984 internationally, using the access code 2198500#. A live webcast will also be available on the company's investor relations website. A replay of the call will be accessible from 11:30 a.m. Central Time on August 8 until 11:59 p.m. Central Time on August 22, 2024.
Cosmo Prof announces its second annual Iconic Blonde Virtual Event on July 14, 2024, from 9:00 a.m. to 5:00 p.m. CT, dedicated to educating and inspiring beauty professionals. This event builds on last year's success, offering various classes and sessions focusing on the latest blonding techniques. It features industry experts from brands like Schwarzkopf Professional, Wella, Joico, John Paul Mitchell, and Olaplex.
The event introduces the Iconic Bright Spots Awards on Instagram, recognizing top blonding specialists. Cosmo Prof also provides Continuing Education (CE) Hours, with an expected increase in participation compared to last year's 7,682 hours earned. Registration is open until July 14, 2024, at https://www.cosmoprofbeauty.com/iconic-blonde, with attendees accessing the curriculum for two weeks post-event.
Sally Beauty has partnered with Instacart to offer nationwide same-day delivery in as fast as an hour from over 2,200 store locations. Customers can now choose from more than 7,000 beauty products, including hair color, hair care, and skincare items, delivered directly to their doorstep. This collaboration expands on a successful initial trial earlier this year and integrates Instacart's delivery network with Sally Beauty's product range. This move aligns with Sally Beauty's omni-channel strategy to enhance customer convenience and accessibility.
Sally Beauty is celebrating Pride Month with a series of events and partnerships aimed at supporting the LGBTQIA+ community. From June 27 to June 29, 2024, the company will host interactive pop-up experiences in iconic New York City locations, including Chelsea and The Seaport. Attendees can enjoy giveaways, free hairstyling, and appearances by celebrities like Brad Mondo and RuPaul's Drag Race alums Joey Jay and Jackie Cox. The events are part of Sally Beauty's broader 'Rooted In Success' series, which also supports Black History Month and Women's History Month. Partnering with Free Mom Hugs, Sally Beauty aims to create a welcoming environment through visibility, education, and conversation. The events are free for members of Sally Beauty’s loyalty program.
Sally Beauty Holdings, Inc. (NYSE: SBH) reported Q2 net sales of $908 million, a 1.1% decrease YoY, with GAAP gross margin at 51.0%. Adjusted Operating Earnings were $69 million, GAAP net earnings per share at $0.27, and $37 million cash flow from operations. The Company completed a $20 million share repurchase, refinanced a $680 million note, and updated fiscal 2024 guidance.
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