secwatch.observer — SEC 8-K summary
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Issuer:     UPBOUND GROUP, INC. (UPBD)
CIK:        0000933036
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0000933036-24-000097
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upbound Group Q1 revenue $1.096B (+7.9% YoY); non-GAAP EPS $0.79 vs $0.83; reaffirms FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933036/000093303624000097/0000933036-24-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933036/000093303624000097/upbd-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000933036-24-000097

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