Rent-A-Center, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 04, 2022 at 04:57 pm EDT
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Rent-A-Center, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 884.34 million compared to USD 746.45 million a year ago. Revenue was USD 1,159.72 million compared to USD 1,036.78 million a year ago. Net loss was USD 4.24 million compared to net income of USD 42.55 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to basic earnings per share from continuing operations of USD 0.76 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to diluted earnings per share from continuing operations of USD 0.64 a year ago.
Upbound Group, Inc. is a lease-to-own provider with operations in the United States, Puerto Rico, and Mexico. The Company operates through four segments: Acima, Rent-A-Center, Mexico, and Franchising. Acima segment generally offers lease-to-own transactions to consumers who do not qualify for traditional financing. Rent-A-Center Business segment consists of the Company-owned lease-to-own stores in the United States and Puerto Rico. The segment operates 1,839 company owned stores in the United States and Puerto Rico, including 52 retail installment sales stores under the names Get It Now and Home Choice. The segment operates approximately 131 stores in Mexico. The stores in its Franchising segment use its Rent-A-Center, ColorTyme or RimTyme trade names, service marks, trademarks, and logos. The segment franchises approximately 440 stores in 30 states operating under the Rent-A-Center (392 stores), ColorTyme (18 stores) and RimTyme (37 stores) trade names.
UPBOUND GROUP, INC. 
