Upbound Q2 adj EPS $1.11 beats; raises FY 2023 adj EPS to $3.25-$3.55

UPBOUND GROUP, INC.

2023-Q2 EPS reported $0.03 revenue$1,995,224,000

Revenue $979.2M (-8.6% YoY); GAAP diluted loss per share $(0.83) vs. $0.33 EPS prior year.
Non-GAAP diluted EPS $1.11 vs. $1.15 prior year; Adjusted EBITDA $130.6M (+1.3% YoY).
Skip/stolen loss rate improved to 6.9% from 8.0%; Acima segment margin surged to 16.8% from 10.0%.
Raised FY 2023 targets: Non-GAAP EPS $3.25-$3.55 (from $2.70-$3.20); Adj. EBITDA $440-$465M.
Paid down $90M on revolving credit facility; ended quarter with zero balance outstanding.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UPBOUND GROUP, INC. reported the quarter ended June 30, 2023 results: revenue $979.2M, EPS $(0.83). Guidance raised.

Period: the quarter ended June 30, 2023
Revenue: $979.2M
EPS: $(0.83)
Guidance: raised
Result: reported results

Exact text from the filing

deemed incorporated by reference in any filing under the Securities Act of 1933. --- EX-99.1 (EX-99.1) --- upboundq22023earningsrel Total Revenue GAAP Diluted Loss Per Share $979.2M $(0.83) Non-GAAP Diluted EPS1 CEO Commentary “We are pleased by the Company’s second quarter performance. While external conditions remained challenging, our resilient

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Source: SEC EDGAR

accession 0000933036-23-000138

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