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EZCORP, Inc. reports developments tied to its pawn transaction business in the United States, Latin America and the Caribbean. The company provides pawn loans and buys and sells pre-owned and recycled merchandise, including goods forfeited from pawn lending operations and merchandise purchased from customers.
News about EZCORP commonly covers operating results, pawn loans outstanding, merchandise sales, pawn service charges, store growth and acquisitions, including the completed Founders One and Simple Management Group transaction. Updates also include customer-facing tools such as EZPAWN Instant Quote, annual meeting matters, capital actions and governance disclosures.
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EZCORP, traded on NASDAQ under the symbol EZPW, has announced its Annual Meeting of Stockholders scheduled for March 2, 2023, at 9:00 a.m. Central time. The meeting will include a discussion on business operations followed by a Q&A session and will be accessible via a conference call and a live webcast. EZCORP has also filed its Annual Report on Form 10-K for fiscal 2022 with the Securities and Exchange Commission, available on its website. The company, a leader in pawn transactions in the U.S. and Latin America, focuses on catering to cash-constrained consumers.
EZCORP reported robust first-quarter results for fiscal 2023, with pawn loans outstanding increasing 19% to $209.9 million. Total revenue rose by 20% to $264.3 million, while gross profit climbed 15% to $152.5 million. Net income reached $16.8 million, up from $15.7 million year-over-year. Diluted earnings per share (EPS) increased to $0.25, with an adjusted EPS of $0.28. The company continues to expand, adding 10 stores in the U.S. and Latin America. CEO Lachie Given emphasized a focus on customer service and operational excellence to drive growth despite macroeconomic challenges.
EZCORP, Inc. will report its first quarter fiscal 2023 financial results for the period ended December 31, 2022, on February 1, 2023, after market close. The company will host a conference call and webcast on February 2, 2023, at 9:00 a.m. ET to discuss the outcomes. Investors can access presentation slides on their Investor Relations website following the earnings release. EZCORP, a leading provider of pawn transactions in the U.S. and Latin America, focuses on catering to cash-constrained consumers while providing a superior customer experience.