Welcome to our dedicated page for Sally Beauty Holdings news (Ticker: SBH), a resource for investors and traders seeking the latest updates and insights on Sally Beauty Holdings stock.
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 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.
FAQ
What is the current stock price of Sally Beauty Holdings (SBH)?
What is the market cap of Sally Beauty Holdings (SBH)?
What does Sally Beauty Holdings, Inc. do?
What products does Sally Beauty Supply offer?
What is Beauty Systems Group?
Which brands are available at Sally Beauty Supply?
Where does Sally Beauty Holdings operate?
What is the World of Texture event by Cosmo Prof?
What is the significance of the Better Natured® brand launch at Sally Beauty?
How does Sally Beauty support beauty professionals?
What recent financial strategies has Sally Beauty Holdings implemented?
Who are the key target customers for Sally Beauty Holdings?
