Sally Beauty Holdings, Inc. - SBH STOCK NEWS

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.

Sally Beauty Holdings (NYSE:SBH) will host a conference call and webcast on July 29, 2021, at 7:30 a.m. Central Time to discuss its third quarter financial results. A press release detailing these results will be available prior to the market opening on the Company's investor relations website. The call will include discussions on strategy, financial results, and future expectations. A replay will be accessible from July 29 at 10:30 a.m. until August 5, 2021. Sally Beauty operates around 5,000 stores globally, offering a wide range of beauty products.

It's A 10 Haircare announces the launch of its Coily Miracle Collection, specifically designed for textured hair types. The new line includes a Leave-In Product, Hair Mask, Curl Cream, Gelled Oil, and Hydrating Shampoo, formulated with superfood ingredients like avocado oil and shea butter. This launch, exclusive to Sally Beauty, aims to enhance hair care for diverse textures. The company emphasizes inclusivity and plans to introduce celebrity ambassadors in the upcoming months. It's A 10, a professional hair care brand, is recognized for offering high-quality products catered to various hair types.

Sally Beauty has launched a new campaign, YOU by Sally, aimed at promoting self-expression through hair color. The campaign highlights the rise of vivid hair colors, which grew by 53% in Q1 2021, making up 27% of total color sales. Partnering with TikTok creator Heather Chelan, the campaign features her viral video and a new anthem titled Colored Hair. It aims to normalize colored hair in professional settings and showcases a diverse cast of influencers. The campaign was launched on June 4, 2021, across various digital platforms.

Sally Beauty Holdings (NYSE: SBH) announced the appointment of Matt McAdam as Group Vice President of Beauty Systems Group Merchandising on May 13, 2021. McAdam brings over 30 years of merchandising experience, previously serving as Senior Vice President at Family Dollar. His role includes enhancing the Cosmo Prof brand to meet professional stylists' needs, utilizing data analytics for product distribution, and focusing on exclusive offerings. The introduction of the Express Color Category aims to improve service efficiency for stylists, addressing increased demand post-pandemic.

Sally Beauty Holdings (NYSE: SBH) has appointed Ellery Fisher as Group Vice President of E-commerce & Digital, effective May 11, 2021. Fisher aims to enhance the omni-channel shopping experience by fostering engagement and interaction among digital shoppers. He previously served as Vice President of E-commerce for H-E-B, where he achieved profitability and market share growth. His extensive background includes leadership roles at major companies like Amazon and Walmart. CEO Chris Brickman emphasized the importance of a seamless digital experience for customers.

Sally Beauty Holdings, Inc. (NYSE: SBH) reported strong financial results for Q2 2021, ending March 31. Consolidated same-store sales rose by 6.5%, driven by increased consumer confidence and government stimulus. Global e-commerce sales surged 56%. GAAP gross margin reached 50.4%, with adjusted operating earnings increasing 83% to $112 million. Diluted EPS rose to $0.34, reflecting a 183% year-over-year growth. The company maintains a solid liquidity position with $408 million in cash and no outstanding debt on its credit line. Future strategic focus includes enhancing customer engagement and loyalty.