Company: SBH
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019869
Chunk: 27

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 2
Chunk 27
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2024, compared to $51.0 million for the three months ended December 31, 2023; and

•During the three months ended December 31, 2024, we sold our corporate headquarters located in Denton, Texas to Denton County, Texas for $45.5 million, excluding $1.5 million in closing costs, and recognized a gain of $26.6 million which is included in selling, general and administrative expenses within our condensed consolidated statement of earnings.

Comparable Sales

We believe that comparable sales is an appropriate performance indicator to measure our sales growth compared to the prior period. Our comparable sales include sales from stores that have been operating for 14 months or longer as of the last day of a month and from e-commerce revenue. Additionally, comparable sales include sales to franchisees and full service sales. Our comparable sales excludes the effect of changes in foreign exchange rates and sales from stores relocated until 14 months after the relocation. Revenue from acquired stores is excluded from our comparable sales calculation until 14 months after the acquisition. Our calculation of comparable sales might not be the same as other retailers as the calculation varies across the retail industry.

16

Overview

Key Operating Metrics

The following table sets forth, for the periods indicated, information concerning key measures on which we rely to evaluate our operating performance (dollars in thousands):

    Three Months Ended December 31,

    2024

    2023

    Increase (Decrease)

    Net sales:

    SBS
     
    $
    525,446

    $
    523,238

    $
    2,208

    0.4
    %

    BSG

    412,449

    408,064

    4,385

    1.1
    %

    Consolidated
     
    $
    937,895

    $
    931,302

    $
    6,593

    0.7
    %

    Gross profit:

    SBS
     
    $
    313,255

    $
    306,559

    $
    6,696

    2.2
    %

    BSG

    163,585

    160,617

    2,968

    1.8
    %

    Consolidated
     
    $
    476,840

    $
    467,176

    $
    9,664