Sally Beauty Holdings, Inc. - SBH STOCK NEWS

Sally Beauty Holdings, Inc. (NYSE: SBH) has successfully repaid the full balance of $300 million on its 8.75% senior secured notes due 2025. The repayment was made using excess cash and $150 million borrowed from its ABL credit facility. CFO Marlo Cormier highlighted that these senior notes, issued during the pandemic, were no longer necessary. Since September 2020, the company has managed to pay down over $1 billion in debt, reflecting significant progress on its balance sheet and leverage ratio.

Nailboo, a leading DTC brand in the nail category, has partnered with Sally Beauty as its first retail partner, expanding its presence in the market. The partnership includes the exclusive launch of the Nailboo Dip Starter Kit, Dip Powder Shades, and Max Gloss Polish, now available across 2,700 stores in the U.S. and Canada. Since its launch in 2020, Nailboo has grown over 100% each year and attracted more than 400,000 customers. This collaboration marks a significant milestone for Nailboo as it aims to enhance its retail footprint while catering to the growing DIY beauty trend.

Sally Beauty Holdings (NYSE: SBH) reported Q2 2022 financial results, showing a 1.6% decrease in consolidated net sales at $911 million. Despite supply chain pressures, Adjusted Diluted EPS was $0.47, down from $0.57 YoY. Gross margin improved to 51.1%, while operating margin was 9.5%. The company repurchased 3.2 million shares for $55 million. Future guidance indicates flat to 2% decline in net sales, with an expected operating margin of 11.0% for FY 2022.

Sally Beauty, a leader in the beauty supply industry, has expanded its product range with the launch of the Strawberry Leopard hair care line tailored for vivid hair. This follows the successful introduction of its hair color line last Fall, comprising 18 customizable shades. The new care products, enriched with Provitamin B5, Mango Oil, and Rice Protein, aim to protect and maintain vibrant colors. The line includes shampoo, conditioner, color sealing spray, and UV & heat protector cream. All products are vegan and cruelty-free, reflecting consumer demand for quality ingredients.

Sally Beauty Holdings, Inc. (NYSE: SBH) will host a conference call and webcast on May 5, 2022, at 7:30 a.m. Central Time to discuss its second quarter financial results. The press release containing these results will be available before the U.S. markets open on the same day. Investors can participate in the call via telephone or live webcast, with a replay available until May 19, 2022. Sally Beauty, a leader in professional hair color, operates through its Sally Beauty Supply and Beauty Systems Group divisions, offering a wide range of beauty products.

The 2022 Cultivate Accelerator Program by Sally Beauty Holdings aims to support diversity and growth in the beauty industry by empowering entrepreneurs through mentorship and funding. Launched in 2018, the program focuses on scaling small businesses with innovative hair care and styling products. This year, it has expanded to include a broader group of beauty innovators. Winners receive $30,000 in funding and guidance in key business areas, while applications are open until April 22, 2022. The initiative aligns with Sally Beauty's commitment to fostering entrepreneurship in the beauty sector.

New Flag has launched a customizable hair care line named Urban Alchemy, focusing on both salon professionals and consumers. This innovative line includes the hero collection, Prescription Care, which offers three base products and seven customizable alchemies to suit individual hair needs. Available exclusively at Sally Beauty and distributed through Cosmo Prof, Urban Alchemy aims to cater to various hair types with products designed to improve shine, hydration, and overall hair health. The brand emphasizes personalization in hair care as a key market trend.

Sally Beauty Holdings (NYSE: SBH) announces its commitment to addressing the skills gap for textured hair care among stylists. With 65% of the population having wavy, curly, or coily hair, Cosmo Prof is launching educational programs and events, including the 'World of Texture' masterclass on February 28, 2022. This initiative aims to provide essential training and resources for stylists to meet the needs of this growing market. Additionally, the new Cosmo Prof GO service enables fast delivery of beauty supplies to salons, enhancing convenience for stylists.

Sally Beauty Holdings, Inc. (NYSE: SBH) reported a strong Q1 for fiscal 2022, with a 4.7% increase in consolidated net sales to $980 million. Comparable sales rose 6.1%, while GAAP diluted EPS increased 26% year-over-year to $0.60. Gross margin improved to 51.0%, marking a 70 basis points increase. The company repurchased 3.7 million shares for $75 million. Despite challenges like supply chain issues, SBH reiterated full-year guidance for a 3% to 4% sales increase and gross margin expansion of 40 to 60 basis points.