UPBOUND GRP INC Stock Price, News & Analysis

Upbound Group (NASDAQ: UPBD) has announced the opening of a new Rent-A-Center franchise store in Harlan, Kentucky. The store, operated by Raintree franchisee, is located at 168 Village Center Rd. and will celebrate its grand opening on May 30, 2025. The event will feature a ribbon-cutting ceremony, prize drawings for an Ashley Furniture recliner and PlayStation 5, and a donation to Christ's Hands, Inc. to address food insecurity.

The new location expands Raintree's presence in Kentucky and Virginia, offering lease-to-own options for furniture, appliances, and electronics with no long-term debt obligations. Rent-A-Center currently operates approximately 2,300 locations across the United States, Puerto Rico, and Mexico through company-owned and franchise stores, website, and mobile app.

Upbound Group (NASDAQ:UPBD) has released its Q1 2025 financial results, reporting total revenue of $1,176 million. The company achieved GAAP diluted earnings per share of $0.42 and Non-GAAP diluted EPS of $1.00. The difference between GAAP and Non-GAAP EPS is attributed to several special items, including Acima and Brigit-related depreciation and amortization, legal matters, and transaction costs. Upbound operates through well-known brands including Acima®, Brigit™, and Rent-A-Center®, with approximately 2,300 company-branded retail units across the United States, Mexico, and Puerto Rico. The company focuses on providing technology and data-driven financial solutions for underserved consumers.

Upbound Group (NASDAQ: UPBD), a technology and data-driven company specializing in accessible financial solutions for underserved consumers, has scheduled its first quarter 2025 financial results announcement. The company will release its Q1 2025 results before market opening on May 1, 2025, followed by a conference call at 9:00 a.m. ET to discuss the performance.

A live webcast of the conference call will be available for interested parties, with presentation materials accessible through the company's investor relations website. A replay of the call will be made available starting May 1 at 1:00 p.m. ET.

Upbound Group (NASDAQ: UPBD) has announced a quarterly cash dividend of $0.39 per share for the second quarter of 2025. The dividend will be distributed on April 22, 2025, to shareholders of record as of April 2, 2025.

The company, which operates as a technology and data-driven leader in accessible financial solutions for underserved consumers, made this announcement following approval from its Board of Directors.

Upbound Group's subsidiary Acima Leasing announced that the U.S. Consumer Financial Protection Bureau (CFPB) has voluntarily dismissed its lawsuit against the company with prejudice. The lawsuit, filed in 2024 in Utah's District Court, followed a multi-year investigation that began before Upbound's acquisition of Acima in 2021.

The dismissal comes with no financial penalties, required business practice changes, or other relief measures for Acima. In return, Acima agreed to dismiss its own lawsuit against the CFPB filed in Texas, which challenged the bureau's authority to pursue claims against the company.

Acima, a leading lease-to-own solutions provider, had strongly contested the CFPB's allegations, arguing that the investigation represented an illegal attempt to expand beyond federal law limitations and interfere with state-level lease-to-own industry regulations.

Upbound (NASDAQ: UPBD), a technology and data-driven leader in accessible financial solutions for underserved consumers, has announced its participation in the 46th Annual Raymond James Institutional Investors Conference.

The company's CFO, Fahmi Karam, will engage in a Fireside Chat presentation at the conference, scheduled for Tuesday, March 4, at 2:15 PM ET in Orlando, Florida. Investors and interested parties can access a live webcast of the presentation through the company's investor relations website at https://investor.upbound.com.

Upbound Group (NASDAQ: UPBD) announced a significant leadership transition as CEO Mitch Fadel will retire after 40 years with the company, effective June 1, 2025. Current Executive Vice President and CFO Fahmi Karam will succeed Fadel as CEO and join the Board of Directors.

Under Fadel's leadership, the company transformed from Rent-A-Center's brick-and-mortar focus into Upbound's omni-channel lease-to-own platform, expanding to over 35,000 merchant locations and national e-commerce partners. The company also recently acquired Brigit, a financial health app.

The Board has initiated an internal and external search for a new CFO. Karam brings nearly 25 years of strategic and financial experience to the role. The transition is the result of a deliberate succession planning process, with the Board unanimously selecting Karam as the next CEO.

Upbound Group (NASDAQ: UPBD) has reported its financial results for the fourth quarter and full year ending December 31, 2024. The company achieved total revenue of $1,079 million for the fourth quarter and $4.3 billion for the full year.

GAAP diluted EPS was $0.55 for the fourth quarter and $2.21 for the full year, while Non-GAAP diluted EPS reached $1.05 for the fourth quarter and $3.83 for the full year.

The company, known for its brands Acima®, Brigit™, and Rent-A-Center®, operates over 2,300 retail units across the United States, Mexico, and Puerto Rico. A conference call to discuss these results and the 2025 outlook will be hosted by CEO Mitch Fadel and CFO Fahmi Karam.

Upbound emphasizes the use of non-GAAP financial measures to provide a consistent basis for performance evaluation, although these measures are not a substitute for GAAP metrics.

Full details, including financial tables, are available on Upbound's investor relations website.

Upbound Group (NASDAQ: UPBD) has announced it will release its fourth quarter and full year 2024 financial results before market open on February 20, 2025. The company will host a conference call at 9:00 a.m. ET on the same day to discuss the results. A webcast of the call will be available live and for replay starting at 1:00 p.m. ET. The presentation materials will be accessible on the company's investor relations website.