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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 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.
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.