Upbound Q3 revenue $979M; non-GAAP EPS $0.79; raises FY2023 guidance

UPBOUND GROUP, INC.

2023-Q3 EPS reported $0.11 revenue$2,974,322,000

Consolidated revenue $979.1M (-4.4% YoY); GAAP diluted EPS $0.08 vs $(0.10) prior year.
Adjusted EBITDA $106.0M (-7.8% YoY); margin 10.8% vs 11.2% prior year.
Non-GAAP diluted EPS $0.79 vs $0.94 prior year; FY2023 guidance raised: revenue $3.95-$4.00B, adj. EBITDA $450-$460M, non-GAAP EPS $3.45-$3.55.
Rent-A-Center revenue -4.2% YoY; skip-stolen loss rate improved to 4.3% from 5.8%.
Acima GMV -1.4% YoY; adjusted EBITDA margin 15.3% vs 12.6% prior year.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UPBOUND GROUP, INC. reported the quarter ended September 30, 2023 results: revenue $979.1 million, EPS $0.08.

Period: the quarter ended September 30, 2023
Revenue: $979.1 million
EPS: $0.08
Result: reported results

Exact text from the filing

Quarter 2023 Results & Key Metrics Operating Cash Flow Year-to-Date $219.9M Free Cash Flow Year-to-Date(1) $183.8M Third Quarter Consolidated Results • Consolidated revenues of $979.1 million decreased 4.4% year- over-year with lower rentals and fees revenue and merchandise sales revenue, primarily due to a decrease in lease portfolio value compared to the prior year

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Source: SEC EDGAR

accession 0000933036-23-000170

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