Rent-A-Center, Inc. Reports Second Quarter 2022 Results
Rent-A-Center Inc. (RCII)
Last rent-a-center inc. earnings: 2/24 05:12 pm
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US:NASDAQ Investor Relations:
investor.rentacenter.com
Company Research
Source: Business Wire
Total Revenue $1.1 Billion; GAAP Diluted EPS of $0.33; Non-GAAP Diluted EPS of $1.15Rent-A-Center Segment Lease Portfolio Value Up 2% Year-over-YearMaintained Improved Risk Metrics in Virtual LTOCash From Operations $287 Million Year-to-Date; Free Cash Flow of $256 MillionProvides Third Quarter Financial Outlook and Updates Full Year Outlook PLANO, Texas--(BUSINESS WIRE)--Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ:RCII) today announced results for the quarter ended June 30, 2022."Second quarter results were at or above the high end of the guidance ranges we provided in May, and we met our key objectives for the first half of the year, which were to optimize Acima’s underwriting approach for the current environment, maintain year-over-year portfolio growth for the Rent-A-Center Segment, and manage costs to support profitability in this challenging environment," said Mitch Fadel, Chief Executive Officer.“While we have executed well in areas of the business that we
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