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. (NASDAQ: UPBD) regularly issues news and updates that reflect its role as a technology and data-driven provider of accessible and inclusive financial solutions for underserved consumers. Company announcements describe how its brands, including Acima, Brigit and Rent-A-Center, facilitate consumer transactions across store-based and digital channels in the United States, Mexico and Puerto Rico.
On this news page, readers can find press releases related to Upbound’s financial performance, such as quarterly earnings results and associated conference calls. Recent items include announcements of second and third quarter results, where the company highlights consolidated revenue trends, segment performance for Acima, Brigit and Rent-A-Center, and the use of non-GAAP financial measures like non-GAAP diluted earnings per share, along with explanations of those measures.
Upbound’s news flow also covers corporate actions and capital allocation decisions. The company has announced quarterly cash dividends approved by its board of directors for specified quarters, providing details on dividend amounts and record and payment dates. These releases give investors insight into Upbound’s approach to returning capital to shareholders.
In addition, the company issues news on strategic and organizational developments. Examples include the appointment of a Chief Growth Officer to lead an integrated growth organization focused on marketing, data, analytics, customer experience and product development, and the appointment of a new Executive Vice President – Chief Financial Officer. Upbound also publicizes key partnerships, such as Acima’s exclusive lease-to-own collaboration with Bob’s Discount Furniture, which illustrates how the company extends its financial solutions through retail partners.
Investors, analysts and other interested readers can use this page to follow Upbound’s corporate communications over time, including conference participation announcements, leadership updates, dividend declarations, and information about the performance and expansion of its operating units.
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.
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.
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.
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.
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.
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.
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.
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®.
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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