secwatch.observer — SEC 8-K summary
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Issuer:     UPBOUND GROUP, INC. (UPBD)
CIK:        0000933036
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000933036-23-000100
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upbound Group Q1 beat: EPS $0.84 vs $0.74; raises full-year guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933036/000093303623000100/0000933036-23-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933036/000093303623000100/upbd-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000933036-23-000100

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