As lipstick and other makeup sales plummeted, shoppers channeled money toward self-care items, such as hair masks, and supplies to color hair at home. Hair has been one of the few bright spots in the beauty industry during the pandemic. Same-store sales rose by 6.5% versus the year-earlier period, as shoppers spent stimulus checks, salons increased capacity and stylists stocked up on products for returning customers. In the second quarter, the retailer showed strength. She rated it neutral, but doubled its price target from $13 to $26 after its fiscal second-quarter earnings report. Weiser said she wants to see the company perform consistently. But since January, its shares are up nearly 64% to $21.37 as of Thursday's close, giving it a market cap is $2.41 billion. Sally Beauty's stock hit an all-time high of $35.27 in 2015 but has been largely trending downward for the past five years, bottoming at $8.28 in October. Same-store sales growth, a key metric the retailer uses to compare stores open for 14 months or longer, has risen and fallen instead of showing steady upward momentum - and that has spooked some investors. Yet over the past several years, it has faced challenges familiar to many brick-and-mortar retailers: Falling foot traffic and a struggle to adapt to online shopping, said Linda Bolton Weiser, a senior research analyst who tracks health and beauty companies for D.A. Altogether, the Denton, Texas-based company has more than 5,000 stores in 12 countries. Its core business is professional hair color, along with related accessories like capes, clippers and deep conditioner. It has two sides of the business: Sally Beauty Supply, a chain of stores that draw customers and independent stylists, and Beauty Systems Group, which caters to salon professionals. Sally Beauty has long been known for selling hair color, styling tools and other beauty products. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit For more information about Sally Beauty Holdings, Inc., please visit. Beauty Systems Group stores, branded as CosmoProf® or Armstrong McCall® stores, along with its outside sales consultants, sell up to 8,000 professionally branded products including Paul Mitchell®, Wella®, Matrix®, Schwarzkopf®, Kenra®, Goldwell®, Joico® and Olaplex®, intended for use in salons and for resale by salons to retail consumers. Sally Beauty Supply stores offer up to 7,000 products for hair color, hair care, nails, and skin care through proprietary brands such as Ion®, Generic Value Products®, Beyond the Zone® and Silk Elements® as well as professional lines such as Wella®, Clairol®, OPI®, Conair® and L’Oreal®. (NYSE: SBH), as the leader in professional hair color, sells and distributes professional beauty supplies globally through its Sally Beauty Supply and Beauty Systems Group businesses. In addition, a website replay will be available on /investor-relations. Central Time and replay access may be dialed from the United States by using (866) 207-1041 or from international locations by using (402) 970-0847 and referencing the access code 6468365. The teleconference will be held in a "listen-only" mode for all participants other than the Company's sell-side and buy-side investment professionals.Ī replay of the earnings conference call will be available on May 4, 2023, starting at 11:30 a.m. To listen to the conference call or live webcast, please join via telephone by dialing from the United States, (877) 226-8143 (International: (234) 720-6981) and reference the access code 5883157# or follow this link to the live webcast /investor-relations. This conference call and live webcast, which may include discussion of the Company's strategy, financial results and expectations, and other matters relating to its business, will be available to all investors. The earnings conference call and webcast will follow at 7:30 a.m. financial markets open on May 4, 2023, on the Company's website /investor-relations. Central Time to discuss second quarter financial results.Ī copy of the press release announcing the second quarter financial results is expected to be made available before the U.S. (NYSE:SBH) (“the Company”), the leader in professional hair color, today announced that it will host a conference call and webcast on May 4, 2023, at 7:30 a.m. DENTON, Texas-( BUSINESS WIRE)-Sally Beauty Holdings, Inc.
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