Sally Beauty Holdings (NYSE:SBH) stock surged in the current trading session; here’s why

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In the current trading session, Sally Beauty Holdings Inc. (SBH) stock had surged by 19.69% to $24.25 at the time of writing. SBH stock previously closed at $20.26. The SBH stock volume traded 4.18 million shares. In the past year up to date, SBH stock surged by109.73%. In the past three and six months, the stock jumped by 26.94% and 129.19% respectively. Furthermore, Sally Beauty Holdings is currently valued at $2.32 billion and has 112.47 million outstanding shares.

What you need to know about Sally Beauty Holdings

Sally Beauty Holdings, Inc. is a specialty retail company that focuses on operating as distributor of professional beauty supplies. The organization works through two sections, Sally Beauty Supply and Beauty Systems Group.


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The Sally Beauty Supply segment offers beauty items, including hair tone and care, skin and nail care, styling apparatuses, and other excellence items for retail clients, salons, and salon experts. This portion likewise gives items under third-party brands, like Wella, Clairol, OPI, Conair, and Hot Shot Tools, exclusive-label brand merchandise.

The Beauty Systems Group segment offers professional beauty products, for example, hair tone and care, skin and nail care, styling devices, and other beauty products directly to salons and salon experts through its franchised stores, ecommerce Websites, and sales for, just as through diversified stores under the Armstrong McCall store names.

Sally’s performance in the fiscal Q2 2021

Sally Beauty Holdings reported solid financial results in the fiscal second quarter of 2021 across all of SBH stock’s critical measures in spite of broad store closures in parts of Sally’s worldwide domains and salon terminations in California in January. In the U.S., SBH saw a speedy increase in consumer demand in the last part of the quarter, which drove a net sales increment of 6.3%. SBH stock’s top-line execution, combined with continued strength in Gross Margin, brought about huge Earnings per Share development contrasted with the earlier year.

In the second half of the year, SBH states that it will zero in on developing customer engagement and loyalty, utilizing their new abilities on the side of the mission to enlist and hold color customers, and implementing the remaining steps in the organization’s effective transformation, which stays on target to be significantly finished before the year’s over. It is obvious from the SBH’s monetary report and earnings call that the organization puts stock in building capacities across advanced, client commitment and production networks which are proving to be fruitful and are in a position to drive feasible sustainable growth and development.

Financial Highlights of fiscal Q2 2021

Here are the financial highlights of the Q2 fiscal 2021:

  • Sally’s sales from same-store consolidated into an increased 6.5%
  • Sally reported that e-commerce sales for fiscal Q2 2021 increased 56%
  • The company’s GAAP gross margin for Fiscal Q2 2021 is 50.4%, which has increased 110 points compared to the prior year
  • Company’s Fiscal Q2 2021 GAAP diluted net earnings per share was $0.34 an 183% increase from the prior year same period
  • Adjusted Diluted Net Earnings Per Share of $0.57 were up by 148% compared to the prior year same period
  • The company reported cash and cash equivalents of $408 million for the Q2 fiscal year 2021
  • Sally Beauty Holdings held null debt on its $600 million asset-based lines of credit at quarter-end

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