Sally Beauty Hldgs - SBH STOCK NEWS

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 December 13, 2021, contingent upon the successful completion of the offering. J.P. Morgan, BofA Securities, and Truist Securities are the joint book-running managers for this offering.

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 January 27, 2022, at 9:00 a.m. Central Time. A conference call to discuss the fourth quarter and full year financial results is scheduled for November 11, 2021, at 7:30 a.m. Central Time. The earnings press release will precede the call. Investors can access the call through a dedicated phone line or via webcast on the company's investor relations page.

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.

Cosmo Prof (NYSE: SBH) is set to host its largest virtual summit, 'Color the World', on September 26-27, 2021. The event will feature over 30 classes from 26 leading brands, focusing on color trends and techniques. Attendees can gain continuing education credits and learn from industry experts like Olaplex and Matrix. Tickets are priced at $50, with a discounted rate of $40 for students, offering access to classes for two weeks post-event. This summit aims to meet the evolving educational needs of stylists.

Denise Paulonis has been appointed as President and Chief Executive Officer of Sally Beauty Holdings (NYSE: SBH), effective October 1, 2021. She succeeds Chris Brickman, who will step down after leading the company through a transformative period. Ms. Paulonis, who has served on the Board since 2018 and has extensive experience in finance and operations, aims to enhance the company's growth trajectory. Mr. Brickman will assist in the transition until March 31, 2022. This change is part of a strategic succession plan to position SBH for continued success.

Sally Beauty Holdings reported a strong fiscal Q3 2021, achieving consolidated net sales of $1.02 billion, up 45% year-over-year. Same store sales increased 44.7%, primarily due to rising consumer demand and easing COVID-19 restrictions. E-commerce sales reached $71 million, making up 7% of total sales. Gross margin improved to 50.3%, and GAAP diluted EPS rose to $0.66, a 414% increase year-over-year. The company also reduced its debt by $205 million, ending the quarter with a cash balance of $270 million.

Sally Beauty Holdings, Inc. (NYSE: SBH) has appointed Erin Nealy Cox to its Board of Directors. Bob McMaster, Chair of the Board, expressed enthusiasm about her return as an independent director, emphasizing her leadership qualities. Nealy Cox has a strong background as a trial attorney and cybersecurity expert, previously serving on the Board from August 2016 to November 2017 before taking the role of U.S. Attorney for the Northern District of Texas until January 2021. She brings valuable experience from positions at McKinsey & Co. and Stroz Friedberg.