Company: SBH
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019869
Chunk: 57

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 8
Chunk 57
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    51,809

    31,069

    60.0
    %

    Provision for income taxes

    21,865

    13,419

    8,446

    62.9
    %

    Net earnings
     
    $
    61,013

    $
    38,390

    $
    22,623

    58.9
    %

    .

    Comparable sales growth (decline):

    SBS

    1.7
    %

    (1.9
    )%
     
    360

     bps

    BSG

    1.4
    %

    0.7
    %
     
    70

     bps

    Consolidated

    1.6
    %

    (0.8
    )%
     
    240

     bps

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

    SBS

    3,123

    3,143

    (20
    )

    (0.6
    )%

    BSG

    1,330

    1,332

    (2
    )

    (0.2
    )%

    Consolidated

    4,453

    4,475

    (22
    )

    (0.5
    )%

(a)Unallocated expenses consist of corporate and shared costs and are included in selling, general and administrative expenses in our condensed consolidated statements of earnings. Additionally, unallocated expenses include costs associated with our Fuel for Growth initiative as well as the $26.6 gain related to the sale of our corporate headquarters during the three months ended December 31, 2024. See Note 7, Property and Equipment, Net, for more information related to the sale of our corporate headquarters. 

17

Results of Operations

The Three Months Ended December 31, 2024, compared to the Three Months Ended December 31, 2023

Net Sales 

SBS. The increase in net sales for SBS was primarily driven by the following (in thousands): 

    Comparable sales
     
    $
    8,716

    Sales outside comparable sales (a)

    (1,795
    )

    Foreign currency exchange

    (4,713
    )

    Total
     
    $
    2,208

(a)Includes closed stores