Core Viewpoint - Upbound Group (UPBD) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a solid history of exceeding expectations [1][4]. Company Performance - Upbound Group has a track record of surpassing earnings estimates, particularly in the last two quarters, with an average surprise of 3.90% [2]. - In the last reported quarter, the company achieved earnings of $0.79 per share, exceeding the Zacks Consensus Estimate of $0.77 per share, resulting in a surprise of 2.60% [3]. - For the previous quarter, Upbound Group was expected to earn $0.77 per share but delivered $0.81 per share, yielding a surprise of 5.19% [3]. Earnings Estimates - Estimates for Upbound Group have been trending upward, aided by its history of earnings surprises [4]. - The company currently has an Earnings ESP (Expected Surprise Prediction) of +1.63%, indicating a bullish sentiment among analysts regarding its earnings prospects [7]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat in the upcoming report scheduled for August 1, 2024 [7]. Earnings ESP Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [5]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions prior to earnings releases [6].

The headwinds due to high LCOs should reduce in upcoming quarters, which should lead to improving margins for the Acima business. The business is also expected to continue its strong growth, supported by recent merchant signings as it leverages its sizeable sales force. The company ended the first quarter with $1.31 billion in debt, of which around $850 million has been financed at floating rates. Its net debt to 2024 EBITDA ratio is 2.6. Quarterly net interest expenses are running at approximately $29 mill ...

Acima Leasing opens the door for more Slumberland Furniture by offering financial inclusion and flexibility with lease-to-own PLANO, Texas, June 18, 2024 /PRNewswire/ -- Acima Leasing, one of the leading providers of lease-to-own (LTO) solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD), is announcing its newest partnership with the "Top 30" 1 furniture retailer, Slumberland Furniture. This exclusive, multi-year agreement will make Acima Leasing available at Slumberland corporate stores in Iowa, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38047 Upbound Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employ ...

Financial Data and Key Metrics Changes - The company reported revenues of nearly $1.1 billion, with adjusted EBITDA of $109 million and non-GAAP earnings per share of $0.79, indicating a strong start to the year [40][41] - Consolidated gross margin decreased by 150 basis points year-over-year to 48.3%, with a 190 basis point decrease in the Acima segment partially offset by a 110 basis point increase in the Rent-A-Center segment [24] - The consolidated lease charge-off rate was 7.4%, a 30 basis point increase from the prior year, but decreased by 10 basis points sequentially [25] - Adjusted EBITDA margin decreased by approximately 100 basis points year-over-year to 10% [26] Business Line Data and Key Metrics Changes - Acima achieved a nearly 20% year-over-year increase in GMV for the first quarter, marking the single largest first quarter GMV recorded by Acima [13][60] - Rent-A-Center reported a same-store sales growth of 80 basis points, representing the first increase in same-store sales in eight quarters [16] - Total segment revenues for Rent-A-Center returned to growth, increasing by 20 basis points year-over-year [29] Market Data and Key Metrics Changes - The direct-to-consumer channel for Rent-A-Center represented over 26% of total revenue in the first quarter, showing growth from both year-ago and sequential periods [49] - The asset value of inventory under lease was up mid-teens year-over-year, indicating a positive trend in inventory management [28] Company Strategy and Development Direction - The company is focused on enhancing underwriting capabilities and expanding its direct-to-consumer e-commerce channels, which are expected to drive growth [3][4] - A commitment to customer centricity is emphasized, aiming to build relationships with consumers and retailers to increase market share [44][45] - The integration of Acceptance Now into Acima is nearing completion, which is expected to improve lease charge-off rates and overall performance [43] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's durable business model, which is expected to succeed in various macroeconomic environments, particularly with stable employment metrics and consumer spending [9][41] - The company anticipates continued GMV growth and positive same-store sales, supported by strong execution and strategic initiatives [17][91] - Management acknowledged the impact of persistent inflation on consumer discretionary spending but remains optimistic about the company's ability to adapt and grow [41][42] Other Important Information - The company generated $33.6 million of free cash flow in the first quarter, a decrease from $95.9 million in the prior year period [27] - A quarterly dividend of $0.37 per share was distributed, an increase from $0.34 per share in the prior year [27] Q&A Session Summary Question: What would it take for the company to be more constructive on guidance going forward? - Management indicated that the current quarter's performance was in line with expectations, and they would consider revisiting guidance if margin improvements and GMV growth continue [83] Question: How does the company view the impact of trade-down on GMV growth? - Management acknowledged that while trade-down is not fully included in forecasts, they expect it to contribute positively to growth later in the year [101] Question: Can you provide insights on the approval rates and their impact on growth? - Management noted that lower approval rates are a cautious approach to underwriting, but the company still achieved significant GMV growth, indicating resilience in consumer behavior [125] Question: What is the outlook for Rent-A-Center's same-store sales? - Management expressed confidence in maintaining slightly positive same-store sales for the remainder of the year, supported by strong consumer engagement and e-commerce growth [108]

™ • Cash flow from operations of $45.4 million and Free Cash Flow1 of $33.6 million, compared to $105.4 million and $95.9 million in the prior year period May 2, 2024 Use of Non-GAAP Financial Measures Note that all sources in this presentation are from Company reports and Company estimates unless otherwise noted. • Consolidated revenues of $1,096.0 million, +7.9% y/y • Diluted EPS of $0.50, compared to diluted earnings per share of $0.84 in the prior year period • Consolidated revenue increased y/y and seq ...

upbound " Upbound Group, Inc. Earnings Release May 2, 2024 First Quarter 2024 Results & Key Metrics $0.79 28M 60.50 Adiuster Total GAAF Non-GAAP Net Earnings EBITDA Revenue Diluted EPS1 Diluted FPS Exceeds Mid-Point of Targets for Q1 Revenue, Growth Momentum Continues: Revenue, Acima GMV, Adjusted EBITDA, and Non-GAAP Diluted EPS and Rent-A-Center U.S. Same Store Sales Increase Y/Y First Quarter Consolidated Results upbound (1)Non-GAAP financial measure. Refer to the explanations and reconciliations elsewhe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38047 Upbound Group, Inc. (Exact name of registrant as specified in its charter) Delaware 45-0491516 (State or other jurisdiction of ...

Upbound Group, Inc. (NASDAQ:UPBD) Q4 2023 Results Conference Call February 22, 2024 9:00 AM ET Company Participants Jeff Chesnut - Head of Investor Relations Mitch Fadel - Chief Executive Officer Fahmi Karam - Chief Financial Officer Conference Call Participants Kyle Joseph - Jefferies Bobby Griffin - Raymond James Bradley Thomas - KeyBanc Capital Markets Anthony Chukumba - Loop Capital Markets Alex Fuhrman - Craig-Hallum Hale Holden - Barclays Operator Good day and thank you for standing by. Welcome to the ...

upbound" Fourth Quarter & 2023 Earnings February 22, 20 home choice Get It Now! (7) a mejo Franchising International, Inc. Disclosures Forward-Looking Statements This communication contains forward-looking statements within the measing of the Private Securities Liligation Reform Act of 1995, including, among others, statements rega with respect to our operations, financial position and business strategy. Such forward-looking statements generally can be identlied by the use of forward-looking terminolo l'int ...