Company: SBH
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001193125-25-280122
Chunk: 18

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 6
Chunk 18
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,092

     27.7
     %

     Provision for income taxes

     67,539

     52,911

     14,628

     27.6
     %

     Net earnings
      
     $
     195,878

     $
     153,414

     $
     42,464

     27.7
     %

     Number of stores at end-of-period (including franchises):

     Sally

     3,096

     3,129

     (33
     )

     (1.1
     )%

     BSG

     1,326

     1,331

     (5
     )

     (0.4
     )%

     Consolidated

     4,422

     4,460

     (38
     )

     (0.9
     )%

     Comparable sales growth (decline)

     Sally

     0.4
     %

     (0.7
     )%

     110

     bps

     BSG

     0.2
     %

     1.6
     %

     (140
     )
      
     bps

     Consolidated

     0.3
     %

     0.3
     %

     —

     bps

    (a)Unallocated expenses represent certain corporate costs, including share-based compensation expense, that have not been charged to our segments and are included in SG&A expenses in our consolidated statements of earnings. Additionally, unallocated includes certain costs related to our Fuel for Growth initiative.

- 32 -

The Fiscal Year Ended September 30, 2025, compared to the Fiscal Year Ended September 30, 2024Net SalesSally.  The decrease in net sales for Sally was primarily driven by the following (in thousands):

     Comparable sales
      
     $
     7,908

     Sales outside comparable sales (a)

     (12,770
     )

     Foreign currency exchange

     (7,864
     )

     Total
      
     $
     (12,726
     )
    
   (a)Includes closed stores, including the divesture of Spain, net of stores opened for less than 14 months.Sally's net sales decrease was primarily driven by net stores closed during the fiscal year and negative impacts from foreign exchange rates, partially offset by an increase in comparable sales. The increase in comparable sales was primarily driven