earnings
confidence high
sentiment positive
materiality 0.85
Upbound Group Q1 beat: EPS $0.84 vs $0.74; raises full-year guidance
UPBOUND GROUP, INC.
2023-Q1 EPS reported
$0.84
revenue$1,016,061,000
- Q1 revenue $1.016B (-12.4% YoY); GAAP diluted EPS $0.84, non-GAAP $0.83.
- Adjusted EBITDA $111.5M (+12.1% YoY); margin 11.0% (+240 bps).
- Skip/stolen loss rate improved 150 bps to 7.1% overall; Acima loss rate down 370 bps to 8.9%.
- Rent-A-Center segment revenue $485.0M (-6.5%), same-store sales -6.6%.
- Raises FY2023 Adj. EBITDA guidance to $395M-$435M, Non-GAAP EPS to $2.70-$3.20.