Sally Beauty appoints Max Rangel to its Board of Directors
Rangel brings over three decades of experience in the consumer goods sector.
USA – Sally Beauty, an American international speciality retailer and distributor of professional beauty supplies, has appointed Max Rangel to its Board of Directors, effective immediately.
According to the company, Rangel will serve on both the Nominating, Governance and Corporate Responsibility Committee and the Compensation and Talent Committee.
Rangel, a seasoned executive with over three decades of experience in the consumer goods sector, currently serves as Global President and CEO of Spin Master Corporation, a leading global children’s toy and entertainment company.
Rangel’s appointment brings a wealth of expertise to Sally Beauty’s boardroom, drawing from his leadership roles at Procter & Gamble, The Hershey Company, and S.C. Johnson & Son.
His track record spans global brand transformation, innovative marketing, and supply chain optimization, capabilities that align with Sally Beauty’s ongoing efforts to modernize its retail experience and accelerate digital growth.
Q2 FY25 financial highlights
Sally Beauty recently announced the financial performance of Q2 fiscal year 2025, reporting consolidated net sales of USD 883.1 million, marking a decrease of 2.8% compared to the prior year.
According to the company, the drop included a 110-basis-point negative impact from foreign currency translation.
Global e-commerce sales totalled USD 94 million for the quarter at constant currency, representing 10.7% of overall consolidated net sales.
Consolidated comparable sales declined by 1.3%, largely due to external challenges such as severe weather, a harsh flu season, and broader economic uncertainty, which affected consumer spending at Sally Beauty and reduced stylist appointments at Beauty Systems Group.
However, strong performance in hair colour, digital marketplaces, and brand innovation helped partially offset the downturn.
The company reported a slight decline in gross profit for the second quarter, totalling USD 458.8 million, down 0.9% from the previous year’s USD 463.1 million.
The adjusted EBITDA saw a 5.3% year-over-year increase to USD 104.8 million, compared to the previous year.
The net sales for the beauty supply segment reached USD 500.6 million, reflecting a 2.5% decline compared to the same period last year.
Beauty Systems Group reported quarterly net sales of USD 382.6 million, down 3.2% from the prior year, impacted by foreign currency and a reduced store count.
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