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Upbound Group, Inc. reports news on an omnichannel platform focused on accessible consumer financial solutions, including lease-to-own offerings and financial health tools. The company’s recurring updates center on its Rent-A-Center Business, Acima, Mexico operations and Brigit, with coverage of revenue trends, same-store sales, gross merchandise volume, lease charge-off rates, paying subscribers and ARPU.
Company announcements also include quarterly and annual earnings materials, financial outlooks, cash dividends, investor conference participation and commercial initiatives that use the Rent-A-Center store footprint or the company’s technology-driven consumer finance channels.
Upbound Group (NASDAQ: UPBD), a leader in technology-driven leasing solutions, announced its participation in four upcoming investment conferences in March 2023. These include the Raymond James 44th Annual Institutional Investors Conference on March 6 in Orlando, the J.P. Morgan High Yield & Leveraged Finance Conference on March 7 in Miami, the Loop Capital Markets Investor Conference on March 14 in New York City, and the Bank of America Consumer & Retail Technology Conference on March 15 in Miami. The management team will engage in fireside chats and one-on-one meetings to discuss the company's strategy and growth opportunities.
Upbound Group, Inc. (formerly Rent-A-Center) reported a Q4 2022 revenue of $990 million, down 15.4% YoY, and full-year revenue of $4.2 billion, down 7.4%. Q4 GAAP EPS was $0.05, a decline from $0.15 in Q4 2021, while non-GAAP EPS was $0.86, down from $1.08. Despite challenges like inflation, the company's initiatives in automation and data analytics aim to improve performance. The corporate name change to Upbound Group reflects a new strategy to unify its services. Key management changes include new executives in finance and technology roles. Guidance for 2023 projects revenue between $3.8 to $4.0 billion.
Rent-A-Center, Inc. has rebranded as Upbound Group, Inc., effective February 27, 2023, and will trade under the ticker UPBD. This change reflects the Company's evolution into an omni-channel platform that offers a broader range of financial solutions. Since acquiring Acima Holdings two years ago, Rent-A-Center has expanded significantly, integrating various consumer brands. Upbound aims to leverage existing resources to innovate and provide inclusive financial services through its established brands, including Rent-A-Center and Acima, which have over 2,400 retail locations across the U.S., Mexico, and Puerto Rico.