FirstCash Holdings, Inc announces an Equity Buyback for $100 million worth of its shares.
April 28, 2022 at 03:49 pm EDT
Share
FirstCash Holdings, Inc (NasdaqGS:FCFS) announces a share repurchase program. Under the program the company will repurchase up to $100 million worth of its own shares. The repurchase program has no expiration date.
FirstCash Holdings, Inc. is an operator of pawn stores in the United States and Latin America. It is a provider of technology-driven, retail point-of-sale (POS) payment solutions focused on serving cash and credit-constrained consumers in the U.S. and Puerto Rico. It operates two business lines: pawn operations and retail POS payment solutions, which are organized into three reportable segments. The U.S. pawn segment consists of pawn operations in 29 U.S. states and the District of Columbia, while the Latin America pawn segment consists of pawn operations in Mexico, Guatemala, Colombia and El Salvador. The retail POS payment solutions segment consists of the operations of American First Finance, LLC (AFF) in all 50 states in the U.S., the District of Columbia and Puerto Rico. Its pawn stores buy and sell a variety of jewelry, electronics, appliances, sporting goods, musical instruments and other merchandise, and make small non-recourse pawn loans secured by pledged personal property.