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Thoughts Following Virtual NDR with Sally Beauty

  • Oppenheimer & Co. Inc.
  • January 7, 2021

Oppenheimer analysts recently spent time virtually with senior management of Sally Beauty Holding including CEO and President Chris Brickman, CFO Marlo Cormier and VP of Investor Relations & Treasurer Jeff Harkins. The company does not comment on business trends intraquarter. Following our meetings, we overall walked away still confident in our anticonsensus views on Sally Beauty Holding's shares.

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Our analysts believe the company remains well positioned to drive an earnings recovery north of $2.00 in a post COVID-19 environment. We include our top ten takeaways inside. Sally Beauty Holding continues to rank as a favorite reopening play, but we do expect volatility along the way driven by COVID-19 headwinds that likely weigh on Sally Beauty Holding's business, at least through June, in our view.

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