Welcome to our dedicated page for Sally Beauty Hldgs news (Ticker: SBH), a resource for investors and traders seeking the latest updates and insights on Sally Beauty Hldgs stock.
Sally Beauty Holdings, Inc. (SBH) provides professional beauty supplies and salon products through its global retail and distribution networks. This news hub offers investors and industry professionals centralized access to official updates impacting the company's market position and operational developments.
Find timely information on financial performance, product innovations, and strategic partnerships that shape SBH's role in the beauty retail sector. The curated collection includes press releases related to store expansions, leadership changes, and responses to evolving beauty industry demands.
Regular updates ensure stakeholders stay informed about developments across both Sally Beauty Supply consumer stores and the Beauty Systems Group serving salon professionals. Bookmark this page for efficient tracking of material events affecting SBH's operations in North America, Europe, and key international markets.
Sally Beauty Holdings (NYSE:SBH) has announced two key events: its fourth quarter and full year financial results conference call scheduled for November 14, 2024, at 7:30 a.m. Central Time, and its virtual annual meeting of stockholders set for January 24, 2025, at 9:00 a.m. Central. The financial results press release will be available before market open on November 14. The earnings call will be accessible via telephone and webcast, with replay options available until November 28. The company has set November 25, 2024, as the record date for stockholder voting eligibility at the annual meeting.
Sally Beauty launches the ion Luxe 8-In-1 Airstyler Pro, expanding its award-winning styling tool collection. The device features negative ion technology and Coanda effect technology for gentle air styling, minimizing heat damage. Priced at $199.99, it includes eight attachments for various styling options, from curls to sleek blowouts. The tool offers four heat settings with a maximum temperature of 190°F and a cool shot button. Initially available exclusively in the SALLY app, it will expand to stores and online at SallyBeauty.com on November 1, 2024.
Infosys (NSE: INFY, BSE: INFY, NYSE: INFY) has announced a strategic collaboration with Sally Beauty Holdings, Inc. (SBH) to implement enterprise-scale IT transformation. The partnership aims to bring efficiencies through IT service delivery optimization and implement AI-driven hyper-automation using Infosys Topaz.
Key aspects of the collaboration include:
- Standardizing and simplifying SBH's IT systems and services
- Enabling 24/7 predictive and proactive monitoring
- Consolidating support services
- Driving process improvements
- Optimizing costs over a five-year period
This transformation aligns with SBH's 'Fuel for Growth' initiative and is expected to enhance customer experiences while improving operational efficiency.
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.
