secwatch.observer — SEC 8-K summary
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Issuer:     UPBOUND GROUP, INC. (UPBD)
CIK:        0000933036
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000933036-23-000138
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933036/000093303623000138/0000933036-23-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933036/000093303623000138/upbd-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000933036-23-000138

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