Welcome to our dedicated page for UPBOUND GRP news (Ticker: UPBD), a resource for investors and traders seeking the latest updates and insights on UPBOUND GRP stock.
Upbound Group Inc (UPBD) maintains this dedicated news hub for investors and stakeholders tracking developments in lease-to-own financial solutions and omnichannel retail innovation. Our curated collection provides immediate access to official communications, including earnings disclosures, strategic partnerships, and operational updates across all business segments.
This resource serves analysts and institutional investors seeking to monitor UPBD's Acima platform growth, Rent-A-Center store expansions, and Mexico market penetration. Content spans SEC filings, leadership announcements, technology initiatives, and franchising developments – all essential for understanding the company's position in alternative consumer finance.
Key updates include quarterly financial results, merchant network expansions, digital platform enhancements, and regulatory compliance matters. Bookmark this page for streamlined tracking of UPBD's progress in empowering underserved consumers through flexible leasing solutions across physical and digital channels.
Upbound Group (NASDAQ: UPBD), a provider of flexible leasing solutions through brands like Rent-A-Center and Acima, has announced a 5% increase in its quarterly cash dividend. The new dividend of $0.39 per share will be paid on January 7, 2025, to stockholders of record as of December 18, 2024.
Upbound Group (NASDAQ: UPBD) has partnered with Google Cloud to implement advanced AI solutions across its Acima Leasing and Rent-A-Center businesses. The collaboration will utilize Google Cloud's Vertex AI to enhance product accessibility, personalization, and service quality. The AI roadmap focuses on improving customer conversion through website enhancement, expanding leasable goods catalog through real-time identification on retailer websites, and increasing operational efficiency in customer service. The partnership aims to establish a data ecosystem for scaling AI initiatives while ensuring data security and compliance.
Upbound Group (NASDAQ:UPBD) has released its third quarter 2024 financial results, reporting total revenue of $1,069 million. The company achieved GAAP diluted earnings per share of $0.55 and Non-GAAP diluted EPS of $0.95. Upbound operates through brands like Rent-A-Center® and Acima®, managing over 2,300 retail units across the United States, Mexico, and Puerto Rico. The Non-GAAP EPS includes adjustments for special items such as Acima acquired assets depreciation, legal matters, and accelerated stock compensation.
Upbound Group, Inc. (NASDAQ: UPBD), a leading provider of technology-driven, flexible leasing solutions, has announced the timing for its third quarter 2024 financial results. The company, which operates brands including Rent-A-Center® and Acima®, will release its financial report before the market opens on October 31, 2024. This will be followed by a conference call at 9:00 a.m. ET to discuss the results. Interested parties can access a live webcast of the conference call through a provided link. The webcast and presentation materials will also be available on Upbound's investor relations website. A replay of the call will be available from 1:00 p.m. ET on October 31.
Upbound Group, Inc. (NASDAQ: UPBD), a leading provider of flexible leasing solutions through brands like Rent-A-Center® and Acima®, has declared a quarterly cash dividend of $0.37 for the fourth quarter of 2024. The dividend is payable on October 22, 2024, to stockholders of record as of October 1, 2024. This announcement demonstrates Upbound's commitment to returning value to shareholders and suggests confidence in the company's financial stability. The consistent dividend payout may attract income-focused investors and potentially support the stock price.
Upbound Group, Inc. (NASDAQ: UPBD) has appointed Charu Jain as a new independent director to its Board, effective September 10, 2024. Ms. Jain, currently serving as the senior vice president of merchandising and innovation at Alaska Air Group (NASDAQ: ALK), brings extensive experience in technology-driven solutions and digital transformation. Her background includes leadership roles at IBM, Pacific Gas & Electric, United Airlines, and PwC. Ms. Jain holds an MBA in International Management and is recognized for her contributions to STEM talent development. Upbound CEO Mitch Fadel expressed excitement about Ms. Jain's potential contributions to the company's technology-driven initiatives in serving retail partners and enhancing customer experiences.
Acima Leasing, a subsidiary of Upbound Group (NASDAQ: UPBD), is facing a lawsuit from the New York Attorney General's office (NYAG) despite ongoing cooperation and settlement discussions. The company plans to vigorously defend against the allegations, many of which relate to periods before Upbound's acquisition of Acima. The NYAG is attempting to recharacterize lease-to-own transactions as lending transactions, which Acima argues is contrary to established law.
Upbound CEO Mitchell Fadel emphasized Acima's commitment to transparency, fairness, and providing value to customers. The company, celebrating its 50th anniversary, has served millions of customers with lease-to-own solutions, particularly those with less-than-perfect credit scores. Upbound remains dedicated to financial inclusion and empowerment for underserved consumers.
Upbound Group, Inc. (NASDAQ: UPBD) reported its second quarter 2024 results, with total revenue reaching $1,077 million. The company's GAAP Diluted EPS was $0.61, while Non-GAAP Diluted EPS stood at $1.04. Upbound Group operates through brands like Rent-A-Center® and Acima®, facilitating consumer transactions across over 2,300 company-branded retail units in the United States, Mexico, and Puerto Rico. The company's focus is on providing innovative financial solutions through its omni-channel platform. The earnings report includes non-GAAP financial measures to assist management in evaluating performance and liquidity across periods.
Acima Leasing, a subsidiary of Upbound Group (NASDAQ: UPBD), has filed a lawsuit against the U.S. Consumer Financial Protection Bureau (CFPB) in the Eastern District of Texas. The lawsuit aims to stop what Acima claims is the CFPB's illegal attempt to expand its authority beyond federal law limitations and override existing state regulations for the lease-to-own industry.
Acima argues that the CFPB lacks statutory authority to bring enforcement action against it, as its flexible lease-to-own transactions do not qualify as credit, loans, or financing under relevant federal statutes. The company asserts that its transactions are already comprehensively regulated by state laws and that the CFPB's efforts conflict with these regulations.
The lawsuit follows a previously disclosed CFPB investigation of Acima that began before Upbound's acquisition in 2021. Acima maintains an A+ rating with the Better Business Bureau and a strong net promoter score of 70 for returning customers, highlighting the value of its lease-to-own solutions.
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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