Segment Reporting (Tables)

3 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of segment data

Segment data for the three months ended December 31, 2024 and 2023, is as follows (in thousands):

	Three Months Ended December 31,
	2024		2023
Net sales:
SBS	$	525,446	$	523,238
BSG		412,449		408,064
Total	$	937,895	$	931,302
Earnings before provision for income taxes:
Segment operating earnings:
SBS	$	79,874	$	77,629
BSG		50,469		44,627
Segment operating earnings		130,343		122,256
Unallocated expenses (a)		30,023		53,218
Restructuring		—		(85	)
Consolidated operating earnings		100,320		69,123
Interest expense		17,442		17,314
Earnings before provision for income taxes	$	82,878	$	51,809

(a)Unallocated expenses consist of corporate and shared costs and are included in selling, general and administrative expenses in our consolidated statements of earnings. For the three months ended December 31, 2024, unallocated expenses include a $26.6 million gain related to the sale of our corporate headquarters. See Note 7, Property and Equipment, Net, for more information.

Schedule of disaggregation of segment revenues by merchandise category and sales channels

Disaggregation of net sales by segment

Periodically, we make minor adjustments to our product hierarchy, which impacts the roll-up of our merchandise categories. As a result, certain prior year amounts have been reclassified to conform to current year presentation. The following tables disaggregate our segment revenues by merchandise category.

	Three Months Ended December 31,
SBS	2024			2023
Hair color		40.5	%		39.1	%
Hair care		23.8	%		24.6	%
Styling tools and supplies		17.3	%		18.2	%
Nail		10.1	%		10.1	%
Skin and cosmetics		7.7	%		7.4	%
Other beauty items		0.6	%		0.6	%
Total		100.0	%		100.0	%

	Three Months Ended December 31,
BSG	2024			2023
Hair care		42.8	%		42.9	%
Hair color		40.1	%		39.4	%
Styling tools and supplies		10.7	%		10.7	%
Skin and cosmetics		3.8	%		4.3	%
Nail		2.4	%		2.4	%
Other beauty items		0.2	%		0.3	%
Total		100.0	%		100.0	%

The following tables disaggregate our segment revenue by sales channels:

	Three Months Ended December 31,
SBS	2024			2023
Company-operated stores		92.1	%		93.3	%
E-commerce		7.9	%		6.7	%
Total		100.0	%		100.0	%

	Three Months Ended December 31,
BSG	2024			2023
Company-operated stores		69.4	%		68.6	%
E-commerce		14.0	%		13.8	%
Distributor sales consultants		9.6	%		10.6	%
Franchise stores		7.0	%		7.0	%
Total		100.0	%		100.0	%