earnings
confidence high
sentiment negative
materiality 0.75
Rent-A-Center Q1 2022: GAAP loss $0.08/share, Adj EBITDA down 42.9%, reiterates FY guidance
UPBOUND GROUP, INC.
2022-Q1 EPS reported
-$0.08
revenue$1,159,722,000
- Total revenues $1.2B, up 11.9% YoY; GAAP net loss $4.2M ($0.08 loss per share) vs net income $42.6M ($0.64 EPS) a year ago.
- Non-GAAP diluted EPS $0.74, down from $1.32 prior year; Adjusted EBITDA $99.5M, down 42.9% on a pro-forma basis.
- Acima segment revenue $599.4M (+31% YoY) but GMV down 21.2%; skip/stolen losses 12.6% of revenue vs 8.6% pro-forma prior year.
- Rent-A-Center Business revenue $518.5M (-1.2% YoY); same-store sales -1.1%, lease portfolio value +5.6%.
- Full-year 2022 guidance reiterated: revenues $4.45-4.60B, Adjusted EBITDA $515-565M, Non-GAAP EPS $4.50-$5.00.