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.
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Acima Leasing, part of Upbound Group, Inc. (NASDAQ: UPBD), has formed a partnership with Hank’s Fine Furniture, now serving as the exclusive lease-to-own (LTO) provider for Hank’s 19 locations in Arkansas, Florida, Alabama, and Texas. This collaboration aims to enhance access to quality furniture for customers with varying credit histories, leveraging Acima's innovative technology. Hank's CFO, Adam Jordan, emphasized the partnership's role in expanding customer service and financial flexibility. Acima's platform simplifies integration for retailers, enhancing their operational capabilities. With thousands of retail partners, Acima’s approach is centered on improving customer experiences through technology-driven solutions.
Upbound Group, Inc. (NASDAQ: UPBD) announced it will release its financial results for Q1 2023 on May 4, 2023, before market opening. A conference call will follow at 9:00 a.m. ET to discuss these results. Interested parties can join via a registration link or through the Company’s investor relations website. A replay of the call will be accessible starting at 1:00 p.m. ET on the same day. Upbound offers technology-driven leasing solutions via brands like Rent-A-Center and Acima, with over 2,400 retail units in the U.S., Mexico, and Puerto Rico.
Upbound Group, Inc. (NASDAQ: UPBD) has declared a quarterly cash dividend of $0.34 for Q2 2023. This dividend will be distributed on April 24, 2023, to stockholders recorded as of the end of business on April 5, 2023. Based in Plano, Texas, Upbound operates popular brands like Rent-A-Center® and Acima®, providing innovative leasing solutions across the United States, Mexico, and Puerto Rico. The company's focus on technology-driven financial solutions aims to enhance consumer experiences and opportunities.
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.