Sally Beauty Hldgs - SBH STOCK NEWS

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.

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 $2 billion in beauty sales, enhancing Sally Beauty's operational capabilities through a modern visualization platform. This initiative aligns with the industry's focus on consumer-led growth.

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.