Sally Beauty Holdings, Inc. Earnings Per Share Disclosure
The following table sets forth the computations of basic and diluted earnings per share (in thousands):
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Fiscal Year Ended September 30, |
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2025 |
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2024 |
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2023 |
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Weighted-average basic shares |
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100,662 |
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103,939 |
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107,332 |
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Dilutive securities: |
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Stock option and stock award programs |
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3,159 |
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2,994 |
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2,004 |
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Weighted-average diluted shares |
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103,821 |
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106,933 |
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109,336 |
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At September 30, 2025, 2024 and 2023, options to purchase approximately 1.5 million, 1.6 million, and 1.9 million shares, respectively, of our common stock were outstanding but not included in the computation of diluted earnings per share, due to the options being anti-dilutive.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 13, 2025 | Showing above |
| 2018 | Nov 14, 2018 | |
| 2017 | Nov 15, 2017 | |
| 2016 | Nov 15, 2016 | |
| 2015 | Nov 12, 2015 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.