Our Sally Beauty Holdings, Inc. (SBH) ESG Review
| Symbol | SBH |
| Price | $11.26 |
| 52 Week High 📈 | $14.79 |
| 52 Week Low 📉 | $9.06 |
| Earnings Per Share 💵 | 1.43 |
| Dividend Yield 🔁 |
Our Take
Sally Beauty Holdings, Inc. stands as a robust entity in the beauty sector, boasting a solid market presence and a competitive edge. The company offers a wide array of products and services, such as hair care, skin care, and nail care, which enables it to serve a diverse customer base effectively. Financially, Sally Beauty Holdings, Inc. is in a strong position, characterized by a solid balance sheet, a low debt-to-equity ratio, and steady profitability. The company has promising growth prospects, including the expansion of its e-commerce operations and the exploration of new markets. Furthermore, Sally Beauty Holdings, Inc. is dedicated to environmental, social, and governance (ESG) principles, underscoring its commitment to sustainability and responsible business practices. In summary, Sally Beauty Holdings, Inc. represents a compelling investment opportunity for long-term investors looking for a stable, profitable, and socially responsible company.
Strong commitment to sustainable packaging and waste reduction
Impressive diversity metrics in workforce and leadership
Robust community engagement initiatives
Need to expand sustainable and natural product offerings
More aggressive targets for reducing overall environmental impact Expansion of sustainable and natural product offerings Enhanced transparency in supply chain practices and product ingredients
| Company | Sally Beauty Holdings, Inc. |
| Exchange | NYSE |
| Address | 3001 Colorado Boulevard,, Denton, USA |
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FAQ
How much is Sally Beauty Holdings, Inc. (SBH) stock?
The current stock price of Sally Beauty Holdings, Inc. (SBH) is $11.26.
The Environmental Dimension: Beautifying the Planet
Sally Beauty Holdings has recognized the urgent need to address environmental concerns in its operations and product offerings. Let’s explore the key areas where the company is making an impact:
- Sustainable Packaging Initiatives: Sally Beauty has set ambitious goals to reduce its environmental footprint through packaging innovations. By 2024, the company will make 80% of its private-label packaging recyclable or reusable. This initiative reduces waste and encourages customers to participate in sustainable practices.
- Energy Efficiency and Carbon Footprint Reduction: The company has implemented energy-efficient lighting and HVAC systems across its stores and distribution centers. In 2020, Sally Beauty reported a 5% reduction in energy consumption compared to the previous year. Additionally, the company is exploring renewable energy options for its facilities.
- Waste Reduction and Recycling: Sally Beauty has launched recycling programs in its stores, encouraging customers to return empty product containers. The company partnered with TerraCycle to recycle hard-to-recycle beauty packaging, diverting tons of waste from landfills annually.
- Sustainable Product Offerings: Recognizing the growing demand for eco-friendly beauty products, Sally Beauty has expanded its range of sustainable and natural beauty offerings. The company now carries over 250 certified organic, vegan, or cruelty-free products.
The Social Aspect: Empowering People and Communities
Sally Beauty Holdings’ social initiatives focus on positively impacting its employees, customers, and communities. Here are the key areas of focus:
- Diversity and Inclusion: The company has significantly promoted workplace diversity. As of 2021, 87% of Sally Beauty’s workforce comprised women, and 45% were people of color. The company has also established employee resource groups to support underrepresented communities.
- Employee Development and Well-being: Sally Beauty invests in its employees through comprehensive training programs and career development opportunities. The company offers tuition reimbursement and has implemented wellness programs to support employee health and work-life balance.
- Community Engagement: Through its “Leap into Education” program, Sally Beauty provides aspiring beauty professionals scholarships and professional development opportunities. In 2020, the company awarded over $100,000 in scholarships to students pursuing careers in cosmetology.
- Product Safety and Transparency: Sally Beauty is committed to ensuring the safety of its products and providing transparent information to customers. The company has implemented rigorous quality control measures and works closely with suppliers to maintain high standards.
Governance: Steering Towards Ethical Leadership
Sally Beauty Holdings’ governance structure reflects its commitment to ethical business practices and stakeholder accountability:
- Board Diversity: As of 2021, 44% of Sally Beauty’s board members were women, and 33% were ethnically diverse, demonstrating the company’s commitment to diverse leadership.
- Ethics and Compliance: The company has established a comprehensive Code of Business Conduct and Ethics, which applies to all employees and board members. Regular training sessions ensure that ethical standards are maintained throughout the organization.
- Supply Chain Management: Sally Beauty has implemented a Supplier Code of Conduct, which outlines expectations for ethical sourcing, labor practices, and environmental responsibility. The company conducts regular audits to ensure compliance.
- Transparency and Reporting: Sally Beauty publishes an annual Corporate Social Responsibility Report, providing stakeholders with detailed information on its ESG performance and initiatives.