FirstCash Discontinues Unsecured Consumer Loan Products in Ohio; Reaffirms Full Year Earnings Guidance; Unsecured Consumer Lending Anticipated to be Less than 1% of Future Revenues
FirstCash Holdings, Inc. (FCFS)
Last firstcash holdings, inc. earnings: 4/22 06:00 am
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Source: GlobeNewswire
FORT WORTH, Texas, May 03, 2019 (GLOBE NEWSWIRE) -- FirstCash, Inc. (the “Company”) (Nasdaq: FCFS), the leading international operator of more than 2,600 retail pawn stores in the U.S. and Latin America, today announced that it has discontinued offering unsecured consumer loan and credit services products in Ohio. The Company does not expect these decisions to impact its previous forecast of adjusted net income and adjusted earnings per share for the remainder of 2019 and is reiterating its previous guidance of $3.80 to $4.00 for adjusted earnings per share. FirstCash operates 113 Cashland locations and six Cash America Pawn locations in Ohio. As previously disclosed, the recent change in Ohio law for unsecured consumer loans and related credit extensions utilizing the credit services model (collectively “unsecured consumer lending products”) went into effect on April 26, 2019. This new law placed significant additional restrictions on unsecured consumer lending products. After an
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FCFS
Earnings
- 2/1/24 - Beat
FCFS
Analyst Actions
- 2/2/24 - Stephens & Co.
FCFS
Sec Filings
- 4/10/24 - Form SC
- 3/15/24 - Form 4
- 3/12/24 - Form 4
- FCFS's page on the SEC website