Upbound Group Q2 2023 Earnings Report

Upbound Group EPS Results

• Actual EPS: $1.11
• Consensus EPS: $0.72
• Beat/Miss: Beat by +$0.39
• One Year Ago EPS: $1.15

Upbound Group Revenue Results

• Actual Revenue: $979.20 million
• Expected Revenue: $973.93 million
• Beat/Miss: Beat by +$5.27 million
• YoY Revenue Growth: -8.60%

Upbound Group Announcement Details

• Quarter: Q2 2023
• Date: 8/3/2023
• Time: Before Market Opens

Upbound Group (NASDAQ:UPBD) leases household durable goods to customers on a lease-to-own basis in the United States, Puerto Rico, and Mexico. It operates through four segments: Rent-A-Center, Acima, Mexico, and Franchising. The company's brands, such as Rent-A-Center and Acima that facilitate consumer transactions across a range of store-based and virtual channels. It offers furniture comprising mattresses, tires, consumer electronics, appliances, tools, handbags, computers, smartphones, and accessories. It also provides merchandise on an installment sales basis; and the lease-to-own transaction to consumers who do not qualify for traditional financing, the lease to-own transaction through staffed or unstaffed kiosks located in third-party retailer's locations, and other virtual options. It operates retail installment sales stores under the Get It Now and Home Choice names; lease-to-own and franchised lease-to-own stores under the Rent-A-Centre, ColorTyme, and RimTyme names; and company-owned stores and e-commerce platform through rentacenter.com. The company was formerly known as Rent-A-Center, Inc. and changed its name to Upbound Group, Inc. in February 2023. Upbound Group, Inc. was founded in 1960 and is based in Plano, Texas.