secwatch.observer — SEC 8-K summary
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Issuer:     UPBOUND GROUP, INC. (UPBD)
CIK:        0000933036
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0000933036-22-000140
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rent-A-Center Q2 revenue $1.1B (-10% YoY); GAAP EPS $0.33; lowers FY2022 guidance
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- GAAP diluted EPS $0.33 vs $0.90 YoY; Non-GAAP diluted EPS $1.15 vs $1.63 YoY.
- Adjusted EBITDA $128.9M, down 31% YoY; margin contracted to 12.0% from 15.7%.
- Acima revenue down 16.5% YoY, GMV down 24.2%; skip/stolen losses 11.6% vs 8.7% last year.
- Full-year guidance lowered: revenue $4.265-4.385B, Adj. EBITDA $480-525M, Non-GAAP EPS $4.00-4.50.
- Cash from operations $287M YTD; free cash flow $256M; net debt to Adj. EBITDA 2.4x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933036/000093303622000140/0000933036-22-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933036/000093303622000140/rcii-20220803.htm
  HTML page:      https://secwatch.observer/filing/0000933036-22-000140

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer