Upbound Group Inc

Earnings data Q1 2021

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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. (the "Company" or "Upbound") (NASDAQ:UPBD) today announced results for the quarter ended June 30, 2024. The earnings 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 of the second quarter. Interested.

Upbound Group, Inc. Reports Second Quarter 2024 Results

Upbound Group (UPBD) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Upbound Group (UPBD) Expected to Beat Earnings Estimates: Should You Buy?

PLANO, Texas--(BUSINESS WIRE)--Acima Leasing (“Acima”), one of the leading providers of lease-to-own solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD) (“Upbound” or the “Company”), today filed a lawsuit against the U.S. Consumer Financial Protection Bureau (the “CFPB”) in the United States District Court for the Eastern District of Texas. Acima seeks to halt what it contends is the CFPB's illegal attempt to expand its authority as limited by federal law and usurp the long-standing,.

Upbound Group's Acima Leasing Files Lawsuit Challenging CFPB Regulatory Overreach

Upbound Group (UPBD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Upbound Group (UPBD) Beat Estimates Again in Its Next Earnings Report?

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 2024 before the market open on August 1, 2024, followed by a conference call beginning at 9:00 a.m. ET to discuss the results. Interested parties can access a live webcast.

Upbound Group, Inc. Announces Timing of Second Quarter 2024 Financial Results

Shares are down more than 10% this year despite solid business performance in a tough macro environment. Acima is demonstrating strong performance, with growth rates approaching 20%. Shares are trading at an attractive valuation and at a discount to peers, despite delivering superior performance.

Upbound Group: Strong Growth In Acima Provides Upside Potential

Acima Leasing opens the door for more Slumberland Furniture by offering financial inclusion and flexibility with lease-to-own PLANO, Texas , June 18, 2024 /PRNewswire/ -- Acima Leasing, one of the leading providers of lease-to-own (LTO) solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD), is announcing its newest partnership with the "Top 30" 1 furniture retailer, Slumberland Furniture. This exclusive, multi-year agreement will make Acima Leasing available at Slumberland corporate stores in Iowa, Illinois, Kansas, South Dakota and Nebraska.

Acima Leasing is Named the Exclusive LTO Partner for Top Furniture Retailer, Slumberland Furniture Customers

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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 its Board of Directors has approved a quarterly cash dividend of $0.37 for the third quarter of 2024. The dividend will be paid on July 9, 2024, to the Company's common stockholders of record as of the close of business on June 18,.

Upbound Group, Inc. Declares Quarterly Cash Dividend of $0.37 for the Third Quarter of 2024

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 Fahmi Karam, CFO, will participate in a virtual Fireside Chat presentation at the 2024 TD Cowen Financial Services & Fintech Summit on Friday, June 7, at 10:55 AM ET. A live webcast of the presentation will be available at http.

Upbound Group, Inc. to Participate in the 2024 TD Cowen Financial Services & Fintech Summit

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 $125,000 in scholarships through the Make a Difference Scholarship program. Through the program, a total of 50 qualified current and prospective students were each awarded with $2,500 for their higher education expenses; this was the co.

Upbound Group Awards $125,000 to Qualified Recipients through Make a Difference Scholarship Program

PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ: UPBD), a leading provider of technology-driven, flexible leasing solutions for consumers, announced the opening of a new Rent-A-Center store in Espanola, New Mexico. Rent-A-Center Store Manager Casey Montoya and his customer support team are pleased to offer the residents of Espanola a flexible lease-to-own option for high-quality furniture, appliances, electronics, computers and a wide range of other durab.

Rent-A-Center Opens Store in Espanola, New Mexico

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Why Upbound Group (UPBD) is a Top Momentum Stock for the Long-Term

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Here's Why Upbound Group (UPBD) is a Strong Value Stock

White Paper Highlights the Significant Customer Benefits and the Retailer Necessity of Selecting and Partnering with a Lease-to-Own Provider PLANO, Texas , May 7, 2024 /PRNewswire/ -- Acima Leasing, one of the nation's leading providers of lease-to-own solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD), announced the release of its white paper addressing the importance of having a best-in-class lease-to-own (LTO) partner to  provide flexible and transparent shopping options for customers and help retailers enhance customer loyalty. In an LTO transaction, with a provider such as Acima Leasing, the retail partner benefits from the additional sale to the LTO provider and increased customer satisfaction, and the customer benefits from access to the products they want under flexible lease terms that include options to obtain ownership or return the product to the LTO provider and terminate their lease.

Acima Leasing Emphasizes the Importance of Inclusive Shopping Options with New White Paper

Upbound's (UPBD) Q1 results demonstrate resilience and optimism despite market challenges.

Upbound (UPBD) Q1 Earnings Beat Estimates, Sales Increase Y/Y

Upbound Group, Inc. (NASDAQ:UPBD ) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Jeff Chesnut - Head of Investor Relations Mitch Fadel - Chief Executive Officer Fahmi Karam - Chief Financial Officer Conference Call Participants Bobby Griffin - Raymond James Brad Thomas - KeyBanc Capital Markets Hoang Nguyen - TD Cowen Derek Sommers - Jefferies Alex Fuhrman - Craig-Hallum Capital Group. Anthony Chukumba - Loop Capital Markets Operator Good day, and thank you for standing by.

Upbound Group, Inc. (UPBD) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Upbound Group (UPBD) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Upbound Group (UPBD) Q1 Earnings: A Look at Key Metrics

Upbound Group (UPBD) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.83 per share a year ago.

Upbound Group (UPBD) Tops Q1 Earnings and Revenue Estimates

PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ:UPBD) today announced results for the quarter ended March 31, 2024. The earnings 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 of the first quarter. Interested.

Upbound Group, Inc. Reports First Quarter 2024 Results

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SEATTLE--(BUSINESS WIRE)--Upbound, the control plane company behind the popular open source project Crossplane, today announced the newest release of Upbound available everywhere, with several enterprise features bringing faster time-to-value to companies building cloud native platforms. This leap-forward release offers a unified managed Crossplane experience that's available for customers anywhere–whether that's Upbound's multi-tenant SaaS or single-tenant on customers' own infrastructure. Alo.

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Acima Leasing's lease-to-own solution offers financial inclusion and flexibility to iFIT customers to obtain iFIT's fitness products PLANO, Texas , April 30, 2024 /PRNewswire/ -- Acima Leasing, one of the nation's leading providers of lease-to-own ("LTO") solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD), announced an exclusive LTO partnership with iFIT Inc. for iFIT's interactive fitness products on nordictrack.com and proform.com. As a global leader in exercise equipment and fitness content, iFIT will now be able to provide its growing community of members with flexible and convenient access to its suite of industry-leading brands, such as NordicTrack® and ProForm®, by integrating Acima Leasing's proprietary technology solution.

Acima Leasing Announces Exclusive LTO Partnership with Global Fitness Leader, iFIT

Acima Leasing now provides lease-to-own options at Levin Furniture & Mattress with multi-year agreement PLANO, Texas , April 16, 2024 /PRNewswire/ -- Acima Leasing, one of the nation's leading providers of lease-to-own ("LTO") solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD), signed an exclusive multi-year agreement with a leading, top 501 home furnishings retailer, Levin Furniture & Mattress. Acima Leasing provides consumers with flexible shopping options to obtain access to furniture, mattresses, and accessories without any long-term obligation.

Acima Leasing Secures Exclusive Lease-to-Own Agreement with Levin Furniture & Mattress

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 first quarter of 2024 before the market open on May 2, 2024, followed by a conference call beginning at 9:00 a.m. ET to discuss the results. Interested parties can access a live webcast of t.

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