UPBD Beats Earnings & Revenue Estimates in Q1, Raises 2025 Guidance

Core Insights - Upbound Group, Inc. (UPBD) reported strong first-quarter 2025 results, with revenues and earnings exceeding the Zacks Consensus Estimate, leading to an upward revision of its 2025 guidance [1][3][13] Financial Performance - Adjusted earnings per share were $1.00, surpassing the Zacks Consensus Estimate of 94 cents, and increased from 79 cents in the same quarter last year [3] - Total revenues reached$1,176.4 million, exceeding the consensus estimate of $1,119 million, marking a 7.3$126.1 million, up 15.6% year over year, with a margin increase of 70 basis points to 10.7% [4] Segment Performance - Rent-A-Center segment revenues decreased 4.9% year over year to $489 million, attributed to fewer company-owned stores and disciplined underwriting [5] - Acima segment revenues rose 13.5$637.3 million, with GMV growth of 8.8% driven by increased retailer locations and application volume [7][9] - Brigit generated revenues of $31.9 million for February and March 2025, reflecting a 35.4$4.60 billion and $4.75 billion, with adjusted EBITDA projected between$510 million and $540 million [13] - For Q2 2025, revenues are anticipated to be between$1.05 billion and $1.15 billion, with adjusted EBITDA of$125 million to $135 million [14] Financial Health - As of March 31, 2025, the company had cash and cash equivalents of$107.3 million, net senior debt of $1.09 billion, and stockholders' equity of$679.2 million [12]