Upbound Group Inc

Earnings data Q4 2020

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Upbound Group Inc reports Q4 2022 results, focuses on growth

Upbound Group Inc's Q4 2022 performance showed revenue of $990 million, with a full-year 2022 revenue decrease of 11%. Loss rates increased, impacting margins, but Acima segment's losses decreased significantly.
The company faces challenges with GMV declines and revenue projections for 2023. However, opportunities lie in underwriting discipline, cost control, and new financial solutions.
With a focus on approval rates and new loan products, Upbound aims to drive growth and optimize performance. Acima's mix shift towards profitable categories is offsetting GMV declines.
Overall, Upbound Group Inc is navigating challenges while leveraging strengths to position for growth and improved performance in the coming quarters.

Upbound Group Inc reports robust Q1 earnings and growth opportunities

Upbound Group Inc demonstrated strong financial performance in Q1 2023, with revenue surpassing $1 billion and improved profitability metrics.
While facing challenges such as macro uncertainty and evolving consumer behavior, the company is well-positioned to leverage opportunities for growth.
By focusing on operational efficiency, underwriting standards, and market expansion, Upbound Group aims to achieve its guidance for 2023 and drive shareholder value.
The company's emphasis on customer engagement, digital capabilities, and financial flexibility underscores its commitment to sustainable growth and market leadership.

Upbound Group Inc surpasses Q2 expectations, eyes strategic growth

Upbound Group Inc's Q2 performance exceeded expectations, with a focus on disciplined underwriting and cost management for future growth. Strengths include segment improvements and diversified business performance, while challenges include managing underwriting amid market uncertainties. Opportunities exist in expanding digital business and forming strategic partnerships for further growth.

Upbound Group Inc surpasses Q3 expectations, eyes growth opportunities

Upbound Group Inc excelled in Q3, focusing on growth and efficiency amidst economic challenges. Strong performance in Acima segment offset challenges in Rent-A-Center. Company poised for future growth through strategic initiatives and disciplined underwriting.

Upbound Group Inc reports robust Q4 earnings and growth strategies

Upbound Group Inc (UPBD) delivered strong financial results, driven by Acima's GMV growth and Rent-A-Center's customer experience enhancements.
The company's focus on scalability, market share expansion, and strategic investments positions it well for future growth opportunities.
Challenges include maintaining growth momentum, managing evolving customer behavior, and potential impacts of credit card fee changes on the private label opportunity.

Upbound Group Inc reports solid Q1 performance amidst margin challenges

Upbound Group Inc's Q1 results reflect a mixed performance with strong revenue growth but margin and EBITDA challenges. The company's customer-centric approach and focus on profitable outcomes position it well for future opportunities amidst market dynamics.

Upbound Group Inc (UPBD) reports robust Q2 performance and growth opportunities

Upbound Group's Q2 performance reflects strong financial results and strategic investments in digital capabilities.
While facing challenges such as a regulatory lawsuit and potential macroeconomic impacts, the company remains confident in its growth trajectory.
Opportunities for growth lie in optimizing operational strategies, leveraging digital channels, and managing risks effectively.
With a focus on sustained profitability and customer-centric initiatives, Upbound Group aims to navigate market dynamics and drive long-term value.

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Upbound Group, Inc. engages in the provision of furniture, electronics, appliances, computers, and smartphones through flexible rental purchase agreements. It operates through the following segments: Rent-A-Center Business, Preferred Lease, Mexico, and Franchising. The Rent-A-Center Business segment consists of company-owned rent-to-own stores in the United States and Puerto Rico. The Preferred Lease segment offers an on-site rent-to-own option at a third-party retailer's location. The Mexico segment consists of its company-owned rent-to-own stores in Mexico. The Franchising segment sells rental merchandise to its franchisees. The company was founded by Mark E. Speese on September 16, 1986 and is headquartered in Plano, TX.

PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (NASDAQ: UPBD), a leading provider of technology-driven, flexible leasing solutions for consumers, recently partnered with Scholarship America to award customers, customers' children and coworkers' children with $100,000 in scholarships through the Make a Difference Scholarship program. This was company's 19th year working with Scholarship America to award 40 qualified current and prospective students each with $2,500 for their higher education.

Upbound Group Awards $100,000 to Qualified Recipients through Make a Difference Scholarship Program

PLANO, Texas--(BUSINESS WIRE)--Coworkers at Upbound Group, Inc., recently joined forces for their annual family and youth empowerment fundraiser, Spring for Kids, to support Boys & Girls Clubs of America, a national nonprofit organization that provides safe places, positive mentors and life-enhancing programs to over three million youth across the nation. During the course of the campaign, coworkers across all stores under the Upbound umbrella — including Rent-A-Center, Get It Now!/Home Cho.

Upbound Donates Nearly $149,000 to Boys & Girls Clubs of America

Retailers Can Easily Implement Lease-to-Own Solutions and Increase Sales Opportunities Through Acima's Shopify App PLANO, Texas , Aug. 8, 2023 /PRNewswire/ -- Acima Leasing , one of the nation's leading providers of virtual lease-to-own ("LTO") solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD), announced the launch of its new Shopify app to serve retailers that use Shopify as their e-commerce platform. Through its innovative technology platform, Acima offers seamless LTO solutions to increase sales opportunities and help attract a larger customer base for its retail partners.

Acima Releases New Shopify App, Making Retailer Integration Easier Than Ever

Upbound Group reported a stellar Q2, surpassing analyst expectations and raising their guidance for the year. It has reported strong margins driven by Acima segment and has been able to consistently bring down the loss rate. UPBD is positioned to benefit from credit tightening and is trading at a discount to its peers, making it an attractive investment opportunity.

Upbound Group: Strong Beat And Raise, Reiterate Buy

Upbound Group, Inc. (NASDAQ:UPBD ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Brendan Metrano - Head of Investor Relations Mitchell Fadel - Chief Executive Officer Fahmi Karam - Executive Vice President and Chief Financial Officer Conference Call Participants Robert Griffin - Raymond James Kyle Joseph - Jefferies LLC Anthony Chukumba - Loop Capital Markets LLC Bradley Thomas - KeyBanc Capital Markets Alex Fuhrman - Craig-Hallum Capital Group Operator Good day, and thank you for standing by. Welcome to the Upbound Group, Inc's Second Quarter Earnings Call.

Upbound Group, Inc. (UPBD) Q2 2023 Earnings Call Transcript

Upbound (UPBD) posts second-quarter 2023 results, wherein the top and bottom lines surpassed the Zacks Consensus Estimate.

Upbound (UPBD) Q2 Earnings Surpass Estimates, Sales Down

While the top- and bottom-line numbers for Upbound Group (UPBD) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Upbound Group (UPBD) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Upbound Group (UPBD) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $1.15 per share a year ago.

Upbound Group (UPBD) Tops Q2 Earnings and Revenue Estimates

PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ:UPBD) today announced its second quarter 2023 results for the period ending June 30, 2023. The earnings news release, financial tables and related materials can be found on the company's investor relations website at https://investor.upbound.com. Today at 9 a.m. ET, Mitch Fadel, Chief Executive Officer, and Fahmi Karam, Chief Financial Officer, will host a conference call to review the financial results and.

Upbound Group, Inc. Reports Second Quarter 2023 Results

PLANO, Texas--(BUSINESS WIRE)--Rent-A-Center, Inc., an Upbound Group, Inc. company (NASDAQ UPBD), and a leading provider of technology driven and flexible leasing solutions with over 2,100 storefronts, celebrates its 50th anniversary in 2023 with a 50-day campaign aimed to engage and energize coworkers, celebrate customers and invite new customers to experience the rent-to-own industry. The campaign, called “50 Days, 50 Drops,” is set to begin Monday, July 24 and will showcase the Rent-A-Center.

Rent-A-Center Celebrates 50th Anniversary with “50 Days, 50 Drops” Campaign

PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ: UPBD), a leading provider of technology-driven, flexible leasing solutions for consumers through its operating brands that include Rent-A-Center® and Acima®, today announced that it will report financial results for the second quarter of 2023 before the market open on August 3, 2023, followed by a conference call beginning at 9:00 a.m. ET to discuss the results. Interested parties can access the conference.

Upbound Group, Inc. Announces Timing of Second Quarter 2023 Financial Results

PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ: UPBD), a leading provider of technology driven and flexible leasing solutions for consumers through its operating brands including Rent-A-Center® and Acima®, continued our partnership and donated $100,000 to Hire Heroes USA for the second consecutive year. The organization is dedicated to support veterans and military spouses get hired and retain their jobs. Upbound supports charities and organizations that.

Upbound Donates $100,000 to Hire Heroes USA

CLINTON, Utah--(BUSINESS WIRE)--Rent-A-Center Store Manager Jeremy Schwenk and his sales team are pleased to offer the residents of Clinton an option when it comes to acquiring ownership of high-quality furniture, appliances, electronics and computers. The new Rent-A-Center store is located at 1933 N 2000 W, Ste. 5 in Clinton, Utah. To welcome Rent-A-Center to its new neighborhood, members of the Clinton community are invited to attend a grand opening celebration on Friday, July 7 at 10 a.m. MD.

Rent-A-Center Opens Store in Clinton, Utah

Upbound Group (UPBD) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Upbound Group, Inc. (UPBD) Soars to 52-Week High, Time to Cash Out?

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PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ: UPBD), a leading provider of technology driven and flexible leasing solutions for consumers through its operating brands including Rent-A-Center® and Acima®, today announced that its Board of Directors has approved a quarterly cash dividend of $0.34 for the third quarter of 2023. The dividend will be paid on July 11, 2023, to the Company's common stockholders of record as of the close of business on June 20.

Upbound Group, Inc. Declares Quarterly Cash Dividend of $0.34 for the Third Quarter of 2023

Acima Collaborates with Big Brand & Tire Service to Provide Customers with Flexible and Convenient Access to Top-Quality Tires PLANO, Texas , June 6, 2023 /PRNewswire/ -- Acima Leasing, a leading provider of lease-to-own ("LTO") solutions for merchants and consumers and the virtual financial solutions platform of Upbound Group, Inc. (NASDAQ: UPBD), announces a multi-year agreement renewal with Big Brand Tire & Service. Acima will serve as the exclusive LTO provider for Big Brand Tire & Service's 200+ locations in Arizona, California, Colorado and Nevada.

Acima Named Exclusive Lease-to-Own Provider by Big Brand Tire & Service

Does Upbound Group (UPBD) have what it takes to be a top stock pick for momentum investors? Let's find out.

Are You Looking for a Top Momentum Pick? Why Upbound Group (UPBD) is a Great Choice

Upbound Group (UPBD) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Despite Fast-paced Momentum, Upbound Group (UPBD) Is Still a Bargain Stock

UPBD is a lease-to-own operator which outperforms during economic downturns as banks tighten credit, pushing consumers into LTO. It has shown resilient performance during 2008 recession and had also expanded margins.

Upbound Group: Recession Resistant Stock, Initiate At Buy

Upbound Group, Inc. (UPBD) Hits Fresh High: Is There Still Room to Run?

PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ: UPBD), a leading provider of technology driven, flexible leasing solutions for consumers, and Genesis Financial Solutions, Inc., a leader in near-prime consumer financial services, today announced an agreement to provide credit solutions to qualified customers from Upbound's platform of consumer leasing brands Rent-A-Center® and Acima®. The agreement will include general purpose and private label credit car.

Upbound Group, Inc. Announces Agreement with Genesis Financial Solutions, Inc. to Provide Consumer Credit Solutions to Upbound Customers and Retailers

Upbound Group (UPBD) Is Attractively Priced Despite Fast-paced Momentum

Acima's Mobile App Puts Lease-to-Own Options at Customer Fingertips PLANO, Texas , May 9, 2023 /PRNewswire/ -- Acima Leasing, one of the nation's leading providers of virtual lease-to-own solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD), has surpassed a milestone of one million installs of its Acima mobile app in less than two years since its original launch. Acima's app enables customers to easily manage their leases and payments, shop in-store or online with retail partners, see their open-to-lease amount, and easily contact customer support.

News for Upbound Group Inc Stock (UPBD)