FirstCash Holdings Inc. provided update on the earnings guidance for the fiscal year 2022. The company announced that current operating environment continues to present uncertainties related to the COVID-19 pandemic and other macroeconomic factors such as supply chain issues, inflation and weaker consumer sentiment, all of which could have both positive and negative impacts on the company's operations. In particular, COVID related concerns, staffing constraints, supply chain delays and weather events year-to-date have impacted operations and traffic counts for many retailers, including the Company's pawn stores and many of AFF's retail merchant partners.

While inflationary price increases typically drive increased demand for pawn transactions, its impact on retail sales in pawn stores and for AFF's merchant partners are difficult to predict. Additionally, there are potential impacts around the U.S. tax refund season due to expectations for delayed timing and size of the refunds on consumer liquidity which could affect retail sales and customer payments in the first quarter of 2022. There is also the uncertainty around consumer behavior as government stimulus programs in place in the prior year have expired.

As a result of these factors, the company is not providing 2022 earnings guidance at this time.