Company: FCFS
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0000840489-25-000061
Chunk: 84

Company: FirstCash Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 8
Chunk 84
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579 24 %$222,201 $225,910 (2)%$267,644 18 %Average outstanding pawn loan amount  (in ones)$86 $97 (11)%$104 7 %Composition of pawn collateral:General merchandise58 %63 %Jewelry42 %37 %100 %100 %Composition of inventories:General merchandise62 %66 %Jewelry38 %34 %100 %100 %Percentage of inventory aged greater than one year2 %1 %Inventory turns (trailing twelve months cost of merchandise sales divided by average inventories)4.2 times4.4 timesStore count1,826 1,818 — %Weighted-average store count for the three months ended March 31,1,826 1,823 — %

Retail Merchandise Sales Operations

Latin America retail merchandise sales decreased 8% (9% increase on a constant currency basis) to $120.5 million during the first quarter of 2025 compared to $130.8 million for the first quarter of 2024. Same-store retail sales decreased 9% (9% increase on a constant currency basis) during the first quarter of 2025 compared to the first quarter of 2024. The increase in constant currency total and same-store retail sales was primarily due to increased inventory levels during the first quarter of 2025 compared to the first quarter of 2024. The gross profit margin on retail merchandise sales was 35% during the first quarter of 2025 compared to 36% during the first quarter of 2024.

Latin America inventories increased 3% (24% increase on a constant currency basis) to $88.5 million at March 31, 2025 compared to $85.6 million at March 31, 2024. The increase in constant currency inventories was primarily due to increases in pawn loan receivable balances over the past several quarters creating more forfeited inventory and a slightly increased mix of 

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higher value jewelry inventory. Inventories aged greater than one year in Latin America were 2% at March 31, 2025 compared to 1% at March 31, 2024.

Pawn Lending Operations

Latin America pawn loan receivables decreased 5% (15% increase on a constant currency basis) as of March 31, 2025 compared to March 31,