earnings
confidence high
sentiment neutral
materiality 0.60
Upbound Group Q1 revenue $1.096B (+7.9% YoY); non-GAAP EPS $0.79 vs $0.83; reaffirms FY guidance
UPBOUND GROUP, INC.
2024-Q1 EPS reported
$0.50
revenue$1,095,967,000
- Total revenue $1.096B (+7.9% YoY); GAAP operating profit $61.8M vs $(35.1)M prior year.
- Non-GAAP diluted EPS $0.79 (vs $0.83); GAAP diluted EPS $0.50 (vs $0.84); Adj. EBITDA $109.1M.
- Acima GMV +19.9% YoY to $417.6M; Rent-A-Center same store sales +0.8%; LCO rate 7.4%.
- Quarterly dividend increased to $0.37/share from $0.34; net debt $1.2B, leverage 2.7x.
- FY 2024 guidance reaffirmed: revenue $4.0-$4.2B, Non-GAAP EPS $3.55-$4.00, FCF $100-$130M.