Upbound Group, Inc. (NASDAQ:UPBD) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Jeff Chesnut - Head of Investor Relations Mitch Fadel - Chief Executive Officer Fahmi Karam - Chief Financial Officer Conference Call Participants Vincent Caintic - BTIG Hoang Nguyen - TD Cowen Bobby Griffin - Raymond James Brad Thomas - KeyBanc Capital Markets Derek Sommers - Jefferies John Rowan - Janney Montgomery Scott Carla Casella - JPMorgan Operator Good day. Thank you for standing by. We ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38047 Upbound Group, Inc. (Exact name of registrant as specified in its charter) Delaware 45-0491516 (State or other jurisdictio ...

™ Second Quarter Earnings Review August 1, 2024 Disclosures Forward-Looking Statements This communication contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including, among others, statements regarding our goals, plans and projections with respect to our operations, financial position and business strategy. Such forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," " ...

Upbound Group (UPBD) reported $1.08 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 9.9%. EPS of $1.04 for the same period compares to $1.11 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $1.04 billion, representing a surprise of +3.72%. The company delivered an EPS surprise of +1.96%, with the consensus EPS estimate being $1.02. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Upbound Group (UPBD) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.96%. A quarter ago, it was expected that this company that leases furniture and appliances with an option to buy would post earnings of $0.77 per share when it actually produced earnings of $0.79, delivering a sur ...

upbound ™ Upbound Group, Inc. Earnings Release August 1, 2024 Second Quarter 2024 Results & Key Metrics Total Revenue Net Earnings Adjusted EBITDA $0.61 GAAP Diluted EPS $1.04 Non-GAAP Diluted EPS1 Growth Momentum Continues: Revenue, Acima GMV, and Rent-A-Center U.S. Same Store Sales Increase Y/Y Raises Midpoint of Full Year 2024 Targets for Revenue, Adjusted EBITDA, and Non-GAAP Diluted EPS Second Quarter Consolidated Results CEO Commentary · Consolidated revenues of $1,076.5 million increased 9.9% year-ov ...

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 1. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $1.04 billion, up 6% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates ove ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Upbound Group (UPBD) . This company, which is in the Zacks Financial - Leasing Companies industry, shows potential for another earnings beat. This company that leases furniture and appliances with an option to buy has an established record of topping earnings estimates, especially when looking at the previous two reports. The ...

The headwinds due to high LCOs should reduce in upcoming quarters, which should lead to improving margins for the Acima business. The business is also expected to continue its strong growth, supported by recent merchant signings as it leverages its sizeable sales force. The company ended the first quarter with $1.31 billion in debt, of which around $850 million has been financed at floating rates. Its net debt to 2024 EBITDA ratio is 2.6. Quarterly net interest expenses are running at approximately $29 mill ...

Acima Leasing opens the door for more Slumberland Furniture by offering financial inclusion and flexibility with lease-to-own PLANO, Texas, June 18, 2024 /PRNewswire/ -- Acima Leasing, one of the leading providers of lease-to-own (LTO) solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD), is announcing its newest partnership with the "Top 30" 1 furniture retailer, Slumberland Furniture. This exclusive, multi-year agreement will make Acima Leasing available at Slumberland corporate stores in Iowa, ...