Sally Splendor Holdings Announces Leadership Transition

DENTON, Texas–(Enterprise WIRE)–Sally Elegance Holdings, Inc. (NYSE: SBH) (“the Company”) currently declared that Denise Paulonis will be appointed President and Chief Executive Officer, successful Oct 1, 2021. Ms. Paulonis succeeds Chris Brickman who will be stepping down. Mr. Brickman will keep on to provide as President and Chief Executive Officer of the Organization and as a member of the Board until eventually September 30, 2021, when he will stage down from both equally positions. Thereafter, Mr. Brickman will serve in a consulting capability by way of March 31, 2022, to guidance an orderly changeover. This leadership transition is the end result of the Board of Directors’ and Mr. Brickman’s deliberate and collaborative strategy to succession planning.

Ms. Paulonis has been a member of the Company’s Board of Directors since 2018 and is the present Chair of the Audit Committee. Most a short while ago she served as Main Fiscal Officer of Sprouts Farmers Current market. From 2014 to 2020, Ms. Paulonis served in numerous executive roles at The Michaels Corporations, including as Government Vice President and CFO, Senior Vice President of Finance and Treasurer, and Vice President of Corporate Finance, Trader Relations and Treasury. From 2000 to 2014, Ms. Paulonis held a variety of senior stage positions with PepsiCo, McKinsey & Firm and Bank of The usa. She acquired a Bachelor of Science in finance and economics from Miami College and a Masters of Enterprise Administration from The Wharton University at the University of Pennsylvania.

Robert McMaster, Chair

Sally Beauty Holdings Reports Strong Sales and Profit Growth for Fiscal 2021 Third Quarter

DENTON, Texas–(BUSINESS WIRE)–Sally Beauty Holdings, Inc. (NYSE: SBH) (“the Company”), the leader in professional hair color, today announced financial results for its third quarter ended June 30, 2021. The Company will hold a conference call today at 7:30 a.m. Central Time to discuss the results.

Fiscal 2021 Third Quarter Summary

  • Consolidated net sales of $1.02 billion with a same store sales increase of 44.7%, primarily reflecting strong consumer demand in the U.S. and the easing of COVID-19 restrictions globally;
  • Global e-commerce sales were $71 million, representing 7.0% of net sales;
  • Gross margin of 50.3%, up 470 basis points compared to the prior year;
  • GAAP operating earnings of $127 million and GAAP operating margin of 12.5%, Adjusted Operating Earnings of $129 million and Adjusted Operating Margin of 12.6%;
  • GAAP diluted net earnings per share of $0.66 and Adjusted Diluted Net Earnings Per Share of $0.68, up 414% and 718%, respectively, compared to the prior year;
  • Strong liquidity position, cash and cash equivalents of $270 million, reduced debt levels by $205 million with a zero balance outstanding under the $500 million asset-based revolving line of credit at quarter end.

We are pleased to report another strong quarter, which was driven by strengthening consumer demand and solid execution by our teams,” said Chris Brickman, president and chief executive officer. “The combination of improving macro factors in the U.S. and the easing of COVID-19 restrictions across our international territories, drove net sales over $1 billion. Our top line performance,