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.
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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.