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, located in Denton, Texas, is enhancing its offerings for textured hair customers by expanding its product assortment and educational initiatives. The retailer now features over 50 Black-founded brands and over 100 textured hair brands. Notable launches include TPH by Taraji and Mielle Organics' new Oats & Honey line. As part of its commitment to the textured hair community, Sally Beauty is also launching a video series during Black History Month to highlight Black-founded brands. The company emphasizes the importance of understanding diverse hair types and providing valuable DIY educational content.
Sally Beauty Holdings, Inc. (NYSE: SBH) will host a conference call on February 2, 2022, at 7:30 a.m. Central Time to discuss its first quarter financial results. The press release detailing these results will be available before U.S. markets open on the same day. Investors can join via telephone or through a live webcast. A replay of the call will be accessible from February 2 until February 16, 2022. Sally Beauty, a leader in professional hair color, operates globally through its Sally Beauty Supply and Beauty Systems Group brands.
Sally Beauty (NYSE: SBH) has entered an exclusive relationship with NielsenIQ to enhance analytics and partnerships in the beauty industry. This collaboration aims to create a strategic data-sharing program, enabling manufacturers to assess online and offline sales while optimizing pricing strategies. The partnership is expected to extend NielsenIQ’s reach by measuring an additional
Sally Beauty announced a partnership with DoorDash to provide free, 2-hour delivery from over 1,100 stores across the U.S. throughout December 2021. This initiative aims to enhance the shopping experience during the holiday season, offering convenience amid shipping delays. Orders placed by 4:00 PM qualify for same-day delivery with no minimum spend required. Sally Beauty is focusing on consumer demand and omni-channel retailing, expanding options like Buy Online Pickup In-Store to meet customer needs during this busy period.
Sally Beauty Holdings, Inc. (NYSE: SBH) announced the withdrawal of its proposed public offering of $780 million in Senior Notes due 2030 due to unfavorable market conditions. CFO Marlo Cormier indicated that while there was significant interest, the market terms were not attractive enough to proceed. The earlier conditional redemption notice for its existing 5.625% senior notes due 2025 has been rescinded, as the necessary conditions were not met before the December 13, 2021 deadline.
Sally Beauty has launched the Ion Luxe Supercharged Hair Dryer, retailing at $249.99. This new dryer features a supersonic motor for ultra-fast drying, 20 million ions for reduced frizz, and memory recovery for personalized settings. It emphasizes a balance between luxury and affordability, aiming to meet demand for effective hairstyling tools without high costs. The dryer is available exclusively at Sally Beauty, adding to the brand's extensive product lineup.
Sally Beauty Holdings, Inc. (NYSE: SBH) plans to raise $780 million through a public offering of Senior Notes due 2030, guaranteed by the company and its subsidiaries. The proceeds will be used to redeem $679.96 million of existing senior notes due 2025 at a premium, alongside covering related fees and general corporate purposes. The redemption is expected on
Sally Beauty Holdings, Inc. (NYSE: SBH) reported its Q4 fiscal 2021 financial results, highlighting a 3.4% increase in consolidated net sales to $990 million, with GAAP diluted EPS of $0.59 and adjusted diluted EPS of $0.64. The company achieved a 10.3% growth in annual net sales, amounting to $3.87 billion, driven by a strong e-commerce performance of $281 million. Operating cash flow for Q4 stood at $164 million, and the company reduced its debt by approximately $420 million during the fiscal year. Guidance for fiscal 2022 anticipates a 3% to 4% increase in net sales.
Sally Beauty Holdings, Inc. (NYSE:SBH) will hold a virtual annual meeting for stockholders on
Sally Beauty, a leader in professional hair color, continues to expand its offerings in DIY beauty to solidify its position as the go-to retailer. With over 1,200 hair color shades and a significant focus on nails, Sally Beauty has introduced 95 dip powder shades and plans to add 200 new nail polish shades to its inventory. The retailer aims to meet consumer demand for self-expression and innovation, featuring tools and starter kits for at-home manicures. Additionally, its DIY University platform offers valuable tutorials to enhance customer experience.
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