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INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Sally Beauty Holdings, Inc. (SBH) Investors

BENSALEM, PA / ACCESSWIRE / February 10, 2020 / Law Offices of Howard G. Smith announces an investigation on behalf of Sally Beauty Holdings, Inc. ("Sally Beauty" or the "Company") (NYSE:SBH) investors concerning the Company and its officers' possible violations of federal securities laws.

On February 6, 2020, Sally Beauty announced its first quarter 2020 financial results in a press release. Therein, the Company reported net sales of $980.2 million, a 0.9% decline over the prior year period. According to Sally Beauty's Chief Executive Officer ("CEO") Chris Brickman, the shortfall was due, in part, to "implementation-related technology disruptions" which "led to product pricing issues, the misapplication and unintended increase of promotional discounts, and a resulting disruption of [the Company's] planned marketing activities during the quarter."

On this news, the Company's share price fell $2.48, or over 15%, to close at $13.50 per share on February 7, 2020, on unusually heavy trading volume.

If you purchased Sally Beauty securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

SOURCE: Law Offices of Howard G. Smith



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https://www.accesswire.com/575999/INVESTOR-ALERT-Law-Offices-of-Howard-G-Smith-Announces-Investigation-on-Behalf-of-Sally-Beauty-Holdings-Inc-SBH-Investors

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