Sally Beauty Holdings, Inc. - SBH STOCK NEWS

Sally Beauty Holdings, Inc. (NYSE: SBH) reported Q3 GAAP Operating Margin of 9.7% and Adjusted Operating Margin of 9.6%. Q3 GAAP Diluted EPS was $0.46; Adjusted Diluted EPS was $0.49. The company introduced a new store concept - Happy Beauty Co. The financial results for Q3 showed a decrease in net sales by 3.2% compared to the prior year, with consolidated comparable sales increasing by 0.6%. Global e-commerce sales increased by 3% to $83 million. The company's GAAP gross margin was at 51.0% and Adjusted Gross Margin at 50.9%. The company's GAAP operating earnings were $90 million with an operating margin of 9.7%, and Adjusted Operating Earnings of $90 million with an Adjusted Operating Margin of 9.6%. The company is updating its full fiscal year 2023 guidance by revising its Adjusted Operating Margin to the higher end of the original guidance.

Sally Beauty Holdings, Inc. (NYSE:SBH) will host a conference call and webcast on August 3, 2023, at 7:30 a.m. Central Time to discuss third quarter financial results. The press release will be available on the company's website before the U.S. financial markets open on August 3, 2023. Investors can listen to the conference call via telephone or live webcast. A replay will be available starting on August 3, 2023, until August 17, 2023.

Sally Beauty Holdings, Inc. (NYSE: SBH) has announced a conference call and webcast scheduled for May 4, 2023, at 7:30 a.m. Central Time to discuss its second quarter financial results. The press release detailing these results will be published prior to the U.S. market opening on the same day. Investors can join the conference call via phone or through a live webcast available on the company's investor relations website. A replay of the call will be accessible from May 4 at 11:30 a.m. Central Time until May 18 at 11:59 p.m. Central Time.

Sally Beauty, a leader in professional hair color, offers a wide range of beauty products through its Sally Beauty Supply and Beauty Systems Group divisions, catering to both retail consumers and salons.

Sally Beauty has announced the grand opening of Studio By Sally, a DIY hair salon and retail concept, on March 23, 2023, in Denton, Texas. The initiative responds to a growing consumer trend for at-home hair care and education. Studio By Sally emphasizes an education-first approach, offering professional-quality products and hands-on learning guided by licensed stylist-educators. The concept aims to empower consumers, making hair coloring and styling accessible and confident. Alongside its launch, Sally Beauty plans to open five additional locations by the end of 2023, showcasing its commitment to consumer education and engagement.

Denton, Texas - On February 23, 2023, Cosmo Prof announced its commitment to textured hair care education through the return of its World of Texture summit on February 27, 2023. The event aims to bridge the education gap for Curl Type 4 stylists, featuring classes on styling techniques and business strategies. Over 1,227 CE hours were earned at last year's summit, and this year forecasts record attendance. Cosmo Prof is also introducing more than 80 new textured hair products, including offerings from Black-owned brands. This initiative supports the rapidly growing textured hair community and helps stylists better serve their clients.

Sally Beauty Holdings reported $957 million in consolidated net sales for Q1, down 2.4% year-over-year. However, comparable sales increased by 1.1%, and global e-commerce sales surged 14% to $91 million. The GAAP operating margin was 9.0% with GAAP diluted EPS at $0.46. The company successfully executed its distribution center consolidation plan, which is projected to save approximately $50 million. Despite ongoing challenges, including store closures and foreign exchange impacts, management maintains its fiscal 2023 guidance, anticipating low-single-digit growth in comparable sales and net sales declines by low-single digits due to strategic initiatives.

Sally Beauty has announced the expansion of its Bondbar hair care line, adding six new products to the original four following a successful initial launch that exceeded consumer expectations. The expanded lineup aims to offer deeper customization for diverse hair concerns, with products priced as low as $9.99. Key features include significant improvements in hair strength and manageability, with Bondbar products reducing breakage during combing by 70% and improving wet detangling by 90%. The new collection addresses specific hair issues, allowing consumers to create personalized hair repair systems.