Company: SBH
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019869
Chunk: 19

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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    Cash and cash equivalents
     
    $
    30,806

    $
    32,817

    Inventory
     
    $
    772,207

    $
    781,512

    Current assets
     
    $
    897,374

    $
    914,686

    Total assets
     
    $
    2,062,286

    $
    2,085,179

    Intercompany payable
     
    $
    10,748

    $
    6,939

    Current liabilities
     
    $
    451,548

    $
    479,052

    Total liabilities
     
    $
    1,865,473

    $
    1,951,874

The following table presents the summarized statement of earnings information for the Issuers and the Guarantors for the three months ended December 31, 2024 (in thousands):

    Net sales
     
    $
    751,779

    Gross profit
     
    $
    388,176

    Earnings before provision for income taxes
     
    $
    73,272

    Net Earnings
     
    $
    54,931

Share Repurchase Programs

Under our current share repurchase program, we may from time to time repurchase our common stock on the open market. During the three months ended December 31, 2024 and 2023, we repurchased 0.8 million shares and 1.9 million shares of our common stock for $10.0 million and $20.0 million, respectively, under our share repurchase program, excluding the impact of excise taxes. See Note 5, Stockholders’ Equity, for more information about our share repurchase program. 

Contractual Obligations

Other than our debt, as discussed above, there have been no material changes outside the ordinary course of our business to our contractual obligations since September 30, 2024. 

Off-Balance Sheet Financing Arrangements

At December 31, 2024, and September 30, 2024, we had no off-balance sheet financing arrangements other than outstanding letters of credit related to inventory purchases and self-insurance programs. 

Critical Accounting Estimates

There have been no material changes to our critical accounting estimates or assumptions since September 30, 2024.

Recent Accounting Pronouncements 

See Note 2 of the Notes to