Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 58

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 58
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 Cost of retail merchandise sold166,318 170,459 (2)%192,333 13 %Cost of wholesale scrap jewelry sold16,770 15,296 10 %19,491 27 %Total cost of revenue183,088 185,755 (1)%211,824 14 %Net revenue206,946 214,867 (4)%236,567 10 %Segment expenses:   Operating expenses125,831 135,327 (7)%144,841 7 %Depreciation and amortization8,730 10,523 (17)%10,008 (5)%Total segment expenses134,561 145,850 (8)%154,849 6 %Segment pre-tax operating income$72,385 $69,017 5 %$81,718 18 %Operating metrics:Retail merchandise sales margin35 %36 %35 %Net revenue margin53 %54 %53 %Segment pre-tax operating margin19 %17 %18 %

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Retail Merchandise Sales Operations

Latin America retail merchandise sales decreased 3% (12% increase on a constant currency basis) to $256.5 million during the six months ended June 30, 2025 compared to $265.3 million for the six months ended June 30, 2024. Same-store retail sales decreased 4% (11% increase on a constant currency basis) during the six months ended June 30, 2025 compared to the six months ended June 30, 2024. The increase in constant currency total and same-store retail sales was primarily due to strong demand for value priced merchandise and increased inventory levels during the six months ended June 30, 2025 compared to six months ended June 30, 2024. The gross profit margin on retail merchandise sales was 35% during the six months ended June 30, 2025 and 36% during the six months ended June 30, 2024. 

Pawn Lending Operations

Latin America pawn loan fees decreased 3% (12% increase on a constant currency basis) totaling $113.8 million during the six months ended June 30, 2025 compared to $117.3 million for the six months ended June 30, 2024. Same-store pawn fees decreased 4% (12% increase on a constant currency basis) during the six