Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 44

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 44
---
Average outstanding pawn loan amount (in ones)$286 $260 10 %Composition of pawn collateral:General merchandise28 %30 %Jewelry72 %70 % 100 %100 %Composition of inventories:General merchandise39 %43 %Jewelry61 %57 %100 %100 %Percentage of inventory aged greater than one year1.9 %1.3 %Inventory turns (trailing twelve months cost of merchandise sales divided by average inventories)2.8 times2.8 timesStore count1,194 1,201 (1)%Weighted-average store count for the three months ended June 301,196 1,199 — %Weighted-average store count for the six months ended June 301,198 1,190 1 %

Retail Merchandise Sales Operations

U.S. retail merchandise sales increased 9% to $249.9 million during the second quarter of 2025 compared to $230.1 million for the second quarter of 2024. Same-store retail sales increased 7% in the second quarter of 2025 compared to the second quarter of 2024. The increase in total and same-store retail sales was primarily due to continued strong demand for value priced merchandise and increased inventory levels during the second quarter of 2025 compared to the second quarter of 2024. The gross profit margin on retail merchandise sales in the U.S. was 43% during the second quarter of 2025 compared to 42% during the second quarter of 2024.

U.S. inventories increased 13% to $252.9 million at June 30, 2025 compared to $223.4 million at June 30, 2024. The increase was primarily due to increases in pawn loan receivable balances creating more forfeited inventory. Inventories aged greater than one year in the U.S. were 1.9% at June 30, 2025 compared to 1.3% at June 30, 2024.

Pawn Lending Operations

U.S. pawn loan receivables as of June 30, 2025 increased 12% in total and 13% on a same-store basis compared to June 30, 2024. The Company believes the increase in same-store pawn receivables was primarily due to higher gold prices, which increased customers’ collateral value to borrow against.

28

U.S. pawn