Company: SBH
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019869
Chunk: 12

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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        7.9
        %

        6.7
        %

        Total

        100.0
        %

        100.0
        %

        Three Months Ended December 31,

        BSG
         
        2024

        2023

        Company-operated stores

        69.4
        %

        68.6
        %

        E-commerce

        14.0
        %

        13.8
        %

        Distributor sales consultants

        9.6
        %

        10.6
        %

        Franchise stores

        7.0
        %

        7.0
        %

        Total

        100.0
        %

        100.0
        %

15

Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations 

This section discusses management’s view of the financial condition, results of operations and cash flows of Sally Beauty for the periods covered by this Quarterly Report. This section should be read in conjunction with the information contained in our Annual Report on Form 10-K for the fiscal year ended September 30, 2024, including the Risk Factors sections therein, and information contained elsewhere in this Quarterly Report, including the condensed consolidated interim financial statements and notes to those financial statements.

Financial Summary for the Three Months Ended December 31, 2024 

•Consolidated net sales for the three months ended December 31, 2024, increased $6.6 million, or 0.7%, to $937.9 million, compared to the three months ended December 31, 2023. Consolidated net sales included a net negative impact from changes in foreign currency exchange rates of $5.7 million;

•Consolidated comparable sales increased 1.6% for the three months ended December 31, 2024;

•Consolidated gross profit for the three months ended December 31, 2024, increased $9.7 million, or 2.1%, to $476.8 million, compared to the three months ended December 31, 2023. Consolidated gross margin increased 60 bps to 50.8% for the three months ended December 31, 2024, compared to the three months ended December 31, 2023;

•Consolidated operating earnings for the three months ended December 31, 2024, increased $31.2 million,