secwatch.observer — SEC 8-K summary
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Issuer:     UPBOUND GROUP, INC. (UPBD)
CIK:        0000933036
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0000933036-22-000100
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rent-A-Center Q1 2022: GAAP loss $0.08/share, Adj EBITDA down 42.9%, reiterates FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933036/000093303622000100/0000933036-22-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933036/000093303622000100/rcii-20220504.htm
  HTML page:      https://secwatch.observer/filing/0000933036-22-000100

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