When Will Sally Beauty Open Again

Sally Dazzler Holdings, Inc. Provides COVID-19 Related Updates and Pre-Release of Select Preliminary Fiscal Third Quarter Intra-Flow (May) Unaudited Financial Details

• Aggressive Cash Management and Ample Liquidity Maintained; More Than $650 Million of Cash On-mitt at the Terminate of May
• Strong Consumer and Professional Demand in Reopened Stores - May Enterprise-wide Estimated Sales of $262 Million; April Sales of $95 Million
• Shop Network Reopening Reaches Critical Mass
  • Sally Beauty Supply U.S. and Canada Began May with 37% of Stores Open to Public; Ended May with 84% of Stores Open up to Public
  • Beauty Systems Group Began May with 31% of Stores Open to Public; Concluded May with 82% of Stores Open to Public
  • All Continental European Stores Open; Stores in the United kingdom and Ireland to Reopen by June 15; Latin American Stores Forecast to Open Over Side by side 45 Days
• Due east-commerce Growth Continues: Compared to the Prior Twelvemonth, SBH +52% in March, +353% in April, and +317% in May
• Company Executes Field and HQ Reorganization, Investing in Digital Business and Analytics Functions
• Company Recalls All Remaining Field and HQ Team in U.S. and Canada from Furlough Constructive June 8

DENTON, Texas--(Concern WIRE)-- Emerge Dazzler Holdings, Inc. (NYSE: SBH) ("the Company") today provided several updates on the impact of COVID-nineteen on its business organization operations and the ambitious actions taken by the Company in response, forth with the release of select preliminary intra-menstruum unaudited fiscal details for part of its fiscal third quarter.

Cash and Liquidity Direction

The Company continues its efforts to aggressively manage cash and to ensure ample liquidity. Every bit of May 31, the Visitor estimates that it had more than $650 million of cash on-hand, with an additional $200 meg of undrawn chapters on its nugget-based line of credit, field of study to the atmospheric condition of its credit agreement.

Pre-release of Select Preliminary Tertiary Quarter Intra-Flow Financial Metrics, Following COVID-19 Concern Interruption

The Visitor has seen strong demand from consumers and professionals in reopened stores. Enterprise-broad sales are estimated to exist $262 million in May, still substantial elements of the store base beingness closed during the month. Sales in April were $95 million. The Company expects to release its full third quarter fiscal results in late July.

Restart of Shop Public-Facing Operations Reaches Critical Mass

The Company has achieved critical mass in its store reopening procedure. Shop reopenings are triggered by local regulation, the adoption of the Company's new COVID-19 related prophylactic protocols involving store cleaning, masks, gloves, limiting customer numbers in stores, and in-shop social distancing guidelines, besides as the call back from furlough of sufficient store staff.

Land	Open to Public Week of May four (Q2 earnings release engagement) / % of Total Open	Open to Public as of June 2 / % of Total Open
Sally U.South. & Canada (function of SBS)	1,100 (37%)	2,458 (84%)
Sally Europe (office of SBS)	48 (10%)	202 (44%)
Beauty Systems Group U.Due south. & Canada	375 (31%) *	1,009 (82%) *
	* Does not include Armstrong McCall Franchises

Digital Commerce Transformation Continues

The Company continues to experience growth in its e-commerce operations as compared to the prior twelvemonth, notwithstanding meaning store openings beyond its fleet.

Growth vs Prior Year	March (part of Q2)	April (part of Q3)	May (office of Q3)
Sally Beauty Holdings	52%	353%	317%
Sally U.S. & Canada (part of SBS)	118%	872%	585%
Sally Europe (part of SBS)	46%	155%	165%
Beauty Systems Group U.S. & Canada	12%	129%	219%

Redeployment and Recall of Personnel

The Company has executed a restructuring which results in a consolidation of field operations for Emerge Beauty Supply and Dazzler Systems Group too as a consolidation of certain corporate functions. Approximately 190filled and open positions in the field and at headquarters are impacted by this restructuring. The Visitor expects to hire more than 120 personnel supporting east-commerce, digital product development, technology and analytics.

All furloughed assembly in the field and at the headquarters in the U.S. and Canada accept been recalled by the Company, effective as of June 8, except for associates working in the limited number of stores which remain closed. Additional associates in Europe and Latin America will return in the Company'south quaternary quarter.

About Sally Beauty Holdings, Inc.

Sally Beauty Holdings, Inc. (NYSE: SBH) is an international specialty retailer and distributor of professional beauty supplies with revenues of approximately $three.nine billion annually. Through the Emerge Beauty Supply and Dazzler Systems Group businesses, the Company sells and distributes through v,075 stores, including 158 franchised units, and has operations throughout the United States, Puerto Rico, Canada, United mexican states, Chile, Republic of peru, the United kingdom, Ireland, Kingdom of belgium, France, holland, Espana and Germany. Emerge Beauty Supply stores offering upwards to 8,000 products for hair color, hair intendance, peel care, and nails through proprietary brands such equally Ion^®, Generic Value Products^®, Across the Zone^® and Silk Elements^® besides as professional person lines such equally Wella^®, Clairol^®, OPI^®, Conair^® and Hot Shot Tools^®. Dazzler Systems Grouping stores, branded as CosmoProf or Armstrong McCall stores, along with its exterior sales consultants, sell up to 10,500 professionally branded products including Paul Mitchell^®, Wella^®, Matrix^®, Schwarzkopf^®, Kenra^®, Goldwell^®, Joico^® and CHI^®, intended for use in salons and for resale by salons to retail consumers. For more than information about Sally Beauty Holdings, Inc., please visit sallybeautyholdings.com.

Cautionary Note Regarding Preliminary Results

The preliminary results described in a higher place for the Company are estimated, preliminary, subject to completion and may modify. Because the Company has non completed its normal quarterly closing and review procedures for the quarter ended June 30, 2020, and subsequent events may occur that require adjustments to these results, there can be no assurance that the final results for the quarter concluded June thirty, 2020 will non differ materially from these estimates.

Cautionary Notice Regarding Forrard-Looking Statements

Statements in this news release and the schedules hereto which are not purely historical facts or which depend upon futurity events may be forward-looking statements within the pregnant of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Human activity of 1934, every bit amended. Forrard-looking statements, as that term is defined in the Private Securities Litigation Reform Human activity of 1995, can be identified by the use of forrad-looking terminology such as "believes," "projects," "expects," "tin," "may," "estimates," "should," "plans," "targets," "intends," "could," "volition," "would," "anticipates," "potential," "confident," "optimistic," or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy, objectives, estimates, guidance, expectations and futurity plans. Forwards-looking statements tin also be identified by the fact these statements do not relate strictly to historical or current matters.

Readers are cautioned not to place undue reliance on forward-looking statements as such statements speak only every bit of the date they were fabricated. Whatsoever forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements, including, only not limited to, the risks and uncertainties related to COVID-19 and those described in our filings with the Securities and Exchange Commission, including our virtually recent Annual Written report on Course 10-One thousand for the year ended September 30, 2019, and our most contempo Quarterly Report on Class 10-Q for the quarter ended March 31, 2020, as filed with the Securities and Exchange Commission. Consequently, all forrad-looking statements in this release are qualified past the factors, risks and uncertainties independent therein. We assume no obligation to publicly update or revise any forward-looking statements.

View source version on businesswire.com: https://world wide web.businesswire.com/news/home/20200602005354/en/

Jeff Harkins

Investor Relations

940-297-3877

Source: Sally Beauty Holdings, Inc.

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Source: https://www.sallybeautyholdings.com/investor-relations/press-releases/2020/06-02-2020-114513823

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