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Upbound Group, Inc. - UPBD STOCK NEWS

Welcome to our dedicated page for Upbound Group news (Ticker: UPBD), a resource for investors and traders seeking the latest updates and insights on Upbound Group stock.

Upbound Group, Inc. (NASDAQ: UPBD) is a leading omnichannel platform company dedicated to enhancing financial opportunities for consumers through innovative and inclusive financial solutions. The company’s mission is to address the evolving financial needs and aspirations of its customers using technology-driven approaches. Upbound Group operates through four primary segments:

  • Rent-A-Center Business: This segment operates lease-to-own stores across the United States, providing customers with flexible payment options for big-ticket items.
  • Acima: A prominent part of Upbound's operations, Acima offers lease-to-own transactions for consumers who do not qualify for traditional financing. Its services are available through various channels, including e-commerce, digital, and mobile platforms.
  • Mexico Segment: This segment operates lease-to-own stores in Mexico, further expanding Upbound Group's reach and influence.
  • Franchising Segment: This segment focuses on the sale of rental merchandise to franchisees, helping them grow their businesses under the Rent-A-Center brand.

Headquartered in Plano, Texas, Upbound Group employs approximately 17,000 people nationwide and operates over 2,400 stores in 50 states, Washington D.C., Canada, and Puerto Rico. The company's core brands include Rent-A-Center and Acima, both of which facilitate consumer transactions across a wide range of retail channels, both physical and digital.

Recently, Upbound Group has made significant strides through strategic partnerships and innovative solutions:

  • In April 2024, Acima Leasing announced an exclusive multi-year agreement with Levin Furniture & Mattress, a top 501 home furnishings retailer. This partnership aims to provide flexible shopping options for consumers with credit challenges, enabling them to access high-quality furniture and mattresses.
  • In April 2024, Upbound Group's Acima Leasing also partnered with iFIT Inc., integrating lease-to-own options for iFIT's interactive fitness products. This collaboration allows customers from diverse financial backgrounds to access premium fitness equipment through flexible leasing solutions.
  • In May 2024, Acima Leasing released a comprehensive white paper highlighting the benefits of having a best-in-class lease-to-own partner. The paper emphasized the importance of LTO options in enhancing customer loyalty and satisfaction, while providing growth opportunities for retail partners.

Upbound Group’s commitment to financial inclusivity and cutting-edge technology continues to drive its success and expansion. For more information about Upbound Group, Inc., visit their website at www.upbound.com.

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Upbound Group announced it will release its Q2 2024 financial results on August 1, 2024, before the market opens. The company, known for its technology-driven leasing solutions via brands like Rent-A-Center and Acima, will also host a conference call at 9:00 a.m. ET on the same day to discuss the results. A live webcast and presentation materials will be accessible on Upbound's investor relations website. Additionally, a replay of the webcast will be available starting at 1:00 p.m. ET on August 1.

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Acima Leasing, a division of Upbound Group (NASDAQ: UPBD), has announced an exclusive, multi-year partnership with Slumberland Furniture, a top 30 U.S. furniture retailer. The agreement will see Acima Leasing's lease-to-own (LTO) solutions offered at Slumberland's corporate stores in Iowa, Illinois, Kansas, South Dakota, and Nebraska, as well as its franchise locations. This partnership aims to provide financial inclusion for credit-challenged customers, enabling them to lease and potentially own brand-name furniture and mattresses. Acima's flexible, point-of-sale platform allows consumers to shop without using credit, enhancing customer satisfaction for Slumberland by offering more inclusive purchasing options.

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Upbound Group (NASDAQ: UPBD), a provider of tech-driven, flexible leasing solutions, has opened a new Rent-A-Center store in Dania Beach, Florida.

Store Manager Wilfri Alvarez-Toribio and his team offer flexible lease-to-own options for furniture, appliances, electronics, computers, and other durable goods.

The store is located at 322 E. Dania Beach Blvd., and a grand opening celebration will be held on June 7 at 10 a.m. with a ribbon-cutting at 11 a.m.

Rent-A-Center will give away a pair of AirPods Pro during the event and contribute $2,000 to the Boys and Girls Club of Broward County.

This Dania Beach store is one of 81 Rent-A-Center locations in Florida.

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Upbound Group, a prominent provider of technology-driven leasing solutions, has announced a quarterly cash dividend of $0.37 for the third quarter of 2024.

The dividend will be distributed on July 9, 2024, to shareholders recorded by June 18, 2024.

Upbound operates under brands like Rent-A-Center and Acima.

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Upbound Group, a prominent provider of technology-driven leasing solutions, announced that their CFO, Fahmi Karam, will join a virtual Fireside Chat at the 2024 TD Cowen Financial Services & Fintech Summit on June 7 at 10:55 AM ET. The presentation will be available via live webcast on the company's investor relations website. Upbound operates under brands such as Rent-A-Center and Acima, offering flexible leasing options to consumers.

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Upbound Group (NASDAQ: UPBD), a leader in technology-driven leasing solutions, has awarded $125,000 in scholarships through its Make a Difference Scholarship program. In partnership with Scholarship America, 50 students each received $2,500 to support their higher education expenses. This marks the 20th year of this collaboration. The recipients were selected based on academic achievements, leadership, community involvement, and personal circumstances. The scholarships were distributed across Upbound's brands, including Rent-A-Center and Acima. Since 2004, Upbound has granted over $1.3 million in scholarships, aiming to empower youth and support their educational aspirations.

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Upbound Group (NASDAQ: UPBD) announced the opening of a new Rent-A-Center store in Espanola, New Mexico. The store, managed by Casey Montoya, will offer flexible lease-to-own options for furniture, appliances, electronics, and more. Located at 1116 N. Riverside Drive Suite C, the store will hold a grand opening celebration on May 31 at 1 p.m., featuring a ribbon-cutting ceremony and giveaways, including a 65-inch LED TV and a recliner chair. The store will also donate $2,000 to the Boys and Girls Club of Santa Cruz. Rent-A-Center has 18 locations in New Mexico, with the Espanola store open Monday to Saturday, 10 a.m. to 6 p.m.

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Acima Leasing, a business of Upbound Group, Inc. (NASDAQ: UPBD), released a white paper highlighting the benefits of lease-to-own solutions for retailers and customers. The paper emphasizes the financial flexibility and customer loyalty enhancement that LTO options provide, benefiting both parties involved.

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Upbound Group, Inc. reported its first-quarter 2024 results, showcasing a total revenue of $1,096 million. The company disclosed a GAAP Diluted EPS of $0.50 and a Non-GAAP Diluted EPS of $0.79. Upbound Group, Inc. is a platform company focused on innovative financial solutions through industry-leading brands like Rent-A-Center® and Acima®.

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Acima Leasing, a subsidiary of Upbound Group, Inc. (NASDAQ: UPBD), announced an exclusive lease-to-own partnership with iFIT Inc., a global fitness leader, to offer iFIT's fitness products to customers. This partnership provides financial inclusivity and flexibility through Acima Leasing's LTO solution, catering to customers with varying credit histories. By integrating Acima's technology, iFIT can offer NordicTrack® and ProForm® brands to a wider audience, enhancing brand loyalty and customer reach.

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FAQ

What does Upbound Group, Inc. do?

Upbound Group, Inc. is an omnichannel platform company that offers innovative and inclusive financial solutions through brands like Rent-A-Center and Acima. They provide lease-to-own options and other flexible financial services to meet the needs of consumers.

What are the main operating segments of Upbound Group?

The main operating segments of Upbound Group are Rent-A-Center Business, Acima, Mexico Segment, and Franchising Segment. Each segment caters to different aspects of lease-to-own and financial service operations.

Where is Upbound Group headquartered?

Upbound Group is headquartered in Plano, Texas.

How many people does Upbound Group employ?

Upbound Group employs approximately 17,000 people nationwide.

What recent partnerships has Upbound Group announced?

Recently, Upbound Group's Acima Leasing announced partnerships with Levin Furniture & Mattress and iFIT Inc. Both partnerships aim to provide flexible lease-to-own options for a broader range of consumers.

What is the focus of Acima Leasing?

Acima Leasing focuses on providing lease-to-own solutions for consumers who do not qualify for traditional financing, available across e-commerce, digital, and mobile channels.

How does Upbound Group support financial inclusivity?

Upbound Group supports financial inclusivity by offering technology-driven financial solutions that cater to consumers with diverse financial backgrounds, helping them access big-ticket items and improve their quality of life.

How many stores does Upbound Group operate?

Upbound Group operates over 2,400 stores across 50 states, Washington D.C., Canada, and Puerto Rico.

What brands are part of Upbound Group?

The primary brands under Upbound Group are Rent-A-Center and Acima, both of which facilitate consumer transactions through various retail channels.

Where can I find more information about Upbound Group?

For more information about Upbound Group, you can visit their website at www.upbound.com.

Upbound Group, Inc.

Nasdaq:UPBD

UPBD Rankings

UPBD Stock Data

1.79B
54.63M
11.48%
86.33%
3.77%
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