Sally Beauty Holdings, Inc. (Name to be changed from Sally Holdings, Inc.) (SBH)
9.5700
-0.1900 (-1.95%)
Sally Beauty Holdings is a prominent retailer and distributor of professional beauty supplies, catering to both salon professionals and individual consumers
The company operates a vast network of retail locations and an online platform, offering a wide array of products, including hair care, skin care, nail care, and various salon tools and accessories. By providing high-quality professional brands alongside education and resources for beauty enthusiasts, Sally Beauty aims to empower customers to achieve their beauty goals at home or in a salon setting. With its dual focus on accessibility and professional-grade products, the company has established itself as a go-to destination in the beauty industry.
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Sally Beauty has followed the market’s trajectory closely, rising in tandem with the S&P 500 over the past six months. The stock has climbed by 8.3% to $11.25 per share while the index has gained 10.4%.
Beauty, cosmetics, and personal care retailer Ulta Beauty (NASDAQULTA)
will be announcing earnings results tomorrow after market hours. Here’s what you need to know.
Shares of beauty supply retailer Sally Beauty (NYSESBH) jumped 11.9% in the afternoon session after TD Cowen analyst Oliver Chen upgraded the stock's rating from Hold to Buy and raised the price target from $14 to $16. The analyst highlighted SBH's "modest valuation" and consistent comps. Chen also cited SBH's "hair color and care category leadership and innovation, marketing and store enhancements, and attractive free cash flow to drive further debt reduction and upside from buybacks.".
Personal care and home fragrance retailer Bath & Body Works (NYSEBBWI)
will be announcing earnings results tomorrow before the bell. Here’s what you need to know.
Beauty supply retailer Sally Beauty (NYSESBH) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 1.5% year on year to $935 million. On the other hand, next quarter’s revenue guidance of $930.6 million was less impressive, coming in 0.9% below analysts’ estimates. Its non-GAAP profit of $0.50 per share was 5.6% above analysts’ consensus estimates.
SBH stock results show that Sally Beauty Holdings missed analyst estimates for earnings per share and missed on revenue for the second quarter of 2024.
Shares of C.H. Robinson Worldwide, Inc. (NASDAQCHRW) fell sharply during Thursday’s session after the company reported worse-than-expected fourth-quarter financial results.
