Company: SBH
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0000950170-25-019869
Chunk: 1

Company: Sally Beauty Holdings, Inc.
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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-term operating lease liabilities

    456,672

    479,616

    Other liabilities

    21,767

    22,066

    Deferred income tax liabilities, net

    89,161

    91,758

    Total liabilities

    2,054,279

    2,164,364

    Stockholders’ equity:

    Common stock, $0.01 par value. Authorized 500,000 shares; 101,871 and   101,854 shares issued and shares outstanding at December 31, 2024, and   September 30, 2024, respectively

    1,019

    1,019

    Preferred stock, $0.01 par value. Authorized 50,000 shares; none issued

    —

    —

    Accumulated earnings

    792,620

    740,685

    Accumulated other comprehensive loss, net of tax

    (137,150
    )

    (113,169
    )

    Total stockholders’ equity

    656,489

    628,535

    Total liabilities and stockholders’ equity
     
    $
    2,710,768

    $
    2,792,899

The accompanying notes are an integral part of these condensed consolidated financial statements.

4

SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Earnings

(In thousands, except per share data)

(Unaudited)

    Three Months Ended

    December 31,

    2024

    2023

    Net sales
     
    $
    937,895

    $
    931,302

    Cost of goods sold

    461,055

    464,126

    Gross profit

    476,840

    467,176

    Selling, general and administrative expenses

    376,520

    398,138

    Restructuring

    —

    (85
    )

    Operating earnings

    100,320

    69,123

    Interest expense

    17,442

    17,314

    Earnings before provision for income taxes

    82,878

    51,809

    Provision for income taxes

    21,865

    13,419

    Net earnings