Company: FCFS
Filing Date: 2025-07-28
Form Type: 10-Q
Source: 0000840489-25-000098
Chunk: 47

Company: FirstCash Holdings, Inc.
Filing Date: 2025-07-28
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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,385 11 %$259,967 14 %Average outstanding pawn loan amount  (in ones)$96 $89 8 %$98 10 %Composition of pawn collateral:General merchandise57 %63 %Jewelry43 %37 %100 %100 %Composition of inventories:General merchandise59 %69 %Jewelry41 %31 %100 %100 %Percentage of inventory aged greater than one year1.5 %1.2 %Inventory turns (trailing twelve months cost of merchandise sales divided by average inventories)4.1 times4.3 timesStore count1,833 1,817 1 %Weighted-average store count for the three months ended June 301,830 1,814 1 %Weighted-average store count for the six months ended June 301,828 1,819 — %

Retail Merchandise Sales Operations

Latin America retail merchandise sales increased 1% (14% on a constant currency basis) to $136.0 million during the second quarter of 2025 compared to $134.4 million for the second quarter of 2024. Same-store retail sales were flat (13% increase on a constant currency basis) during the second quarter of 2025 compared to the second quarter of 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 second quarter of 2025 compared to the second quarter of 2024. The gross profit margin on retail merchandise sales was 36% during both the second quarter of 2025 and 2024.

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Latin America inventories increased 12% (15% on a constant currency basis) to $102.8 million at June 30, 2025 compared to $92.0 million at June 30, 2024. The increase in constant currency inventories was primarily due to increases in pawn loan receivable balances over the past several quarters creating more forfeited inventory and a slightly increased mix of higher value jewelry inventory. Inventories aged greater than one year in Latin America were 1.5% at both June 30, 2025 and 2024.

Pawn Lending Operations

Latin America pawn loan receivables increased 11% (14% increase on a constant currency basis) as of June 30, 2025 compared to June 30,