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Stock impact report

Upbound (UPBD) Q3 2024 Earnings Call Transcript [Yahoo! Finance]

Upbound Group, Inc. (UPBD) 
Company Research Source: Yahoo! Finance
Chief Financial Officer — Fahmi Karam Full Conference Call Transcript Mitch Fadel: Thank you, Jeff, and good morning to everyone. I'll begin with a review of the key highlights from the third quarter, Fahmi will share a more detailed review of our financial results and our financial outlook and afterwards we will take some questions. To being, I'm very pleased to share that our third quarter revenue was nearly $1.1 billion adjusted EBITDA was approximately $117 million and non-GAAP earnings per share was $0.95, which was right at the midpoint of the guidance we provided on our last call and a couple of cents above the average of our street consensus estimates. Acima led the way with revenue up 19% year-over-year with Rent-A-Center delivering 110 basis point improvement in revenue against the prior year despite, the impact of about 50 store closures we mentioned last quarter, in addition to a recent sale of 55 stores in the New York metro area to an existing franchisee, and I'll Show less Read more
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