Latest news with #Rent-A-Center
Associated Press
23-05-2025
- Business
- Associated Press
Rent-A-Center Opens New Store in Harlan, Kentucky; Grand Opening Celebration Scheduled on May 30
PLANO, Texas--(BUSINESS WIRE)--May 23, 2025-- Upbound Group, Inc. (the 'Company' or 'Upbound') (NASDAQ: UPBD), a technology and data-driven leader in accessible and inclusive financial solutions that address the evolving needs and aspirations of underserved consumers, has announced the opening of a new Rent-A-Center franchise store in Harlan, Kentucky. The new Rent-A-Center store is located at 168 Village Center Rd., Suite 163, and is open from 10 a.m.-6 p.m. Mondays through Fridays and 9 a.m.-6 p.m. on Saturdays. To celebrate the addition of the new Rent-A-Center location, area residents are invited to attend a ribbon-cutting ceremony and grand opening celebration with store staff, company leaders and members of the Harlan County Chamber of Commerce on Friday, May 30, at 12:30 p.m. During the event, the public will have the opportunity to shop the store's merchandise. Additionally, a donation will be presented from the store to Christ's Hands, Inc., a local organization that provides aid to those in Harlan County with food insecurity. The Harlan Rent-A-Center store will also hold prize drawings at the grand opening to win an Ashley Furniture recliner chair and a Sony PlayStation 5. To enter the drawings, simply visit the store during the grand opening event; no purchase is necessary. The new Rent-A-Center store in Harlan is operated by Raintree, a major Rent-A-Center franchisee based in Lexington, Kentucky. Raintree-franchised Rent-A-Center stores serve customers throughout Kentucky and Virginia. 'We're excited to further expand in Kentucky with the opening of the new store in Harlan,' said Kevin Webb, Raintree's president. 'We are looking forward to offering name-brand home furnishings to customers in this wonderful community under flexible lease-to-own agreements with no long-term debt obligations.' Rent-A-Center helps elevate financial opportunity for all by leasing high-quality furniture, appliances, electronics and other durable goods to customers on a lease-to-own basis through its stores, the website and the Rent-A-Center mobile app. There are currently approximately 2,300 company-owned and franchise Rent-A-Center locations throughout the United States, Puerto Rico and Mexico. About Upbound Group, Inc. Upbound Group, Inc. (NASDAQ: UPBD), is a technology and data-driven leader in accessible and inclusive financial solutions that address the evolving needs and aspirations of underserved consumers. The Company's customer-facing operating units include industry-leading brands — such as Acima ®, Brigit™ and Rent-A-Center ® — that facilitate consumer transactions across a wide range of store-based and digital channels, including approximately 2,300 company branded retail units across the United States, Mexico and Puerto Rico. Upbound Group, Inc. is headquartered in Plano, Texas. For additional information about the Company, please visit our website at View source version on CONTACT: Media Contact Michael Landry Vice President – Franchising 972-801-1419 [email protected] KEYWORD: UNITED STATES NORTH AMERICA TEXAS KENTUCKY INDUSTRY KEYWORD: TECHNOLOGY FINANCE PROFESSIONAL SERVICES PHILANTHROPY HOME GOODS FUND RAISING DATA MANAGEMENT FOUNDATION OTHER PHILANTHROPY RETAIL SOURCE: Upbound Group, Inc. Copyright Business Wire 2025. PUB: 05/23/2025 08:00 AM/DISC: 05/23/2025 07:59 AM
Business Wire
23-05-2025
- Business
- Business Wire
Rent-A-Center Opens New Store in Harlan, Kentucky; Grand Opening Celebration Scheduled on May 30
PLANO, Texas--(BUSINESS WIRE)--Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ: UPBD), a technology and data-driven leader in accessible and inclusive financial solutions that address the evolving needs and aspirations of underserved consumers, has announced the opening of a new Rent-A-Center franchise store in Harlan, Kentucky. The new Rent-A-Center store is located at 168 Village Center Rd., Suite 163, and is open from 10 a.m.-6 p.m. Mondays through Fridays and 9 a.m.-6 p.m. on Saturdays. To celebrate the addition of the new Rent-A-Center location, area residents are invited to attend a ribbon-cutting ceremony and grand opening celebration with store staff, company leaders and members of the Harlan County Chamber of Commerce on Friday, May 30, at 12:30 p.m. During the event, the public will have the opportunity to shop the store's merchandise. Additionally, a donation will be presented from the store to Christ's Hands, Inc., a local organization that provides aid to those in Harlan County with food insecurity. The Harlan Rent-A-Center store will also hold prize drawings at the grand opening to win an Ashley Furniture recliner chair and a Sony PlayStation 5. To enter the drawings, simply visit the store during the grand opening event; no purchase is necessary. The new Rent-A-Center store in Harlan is operated by Raintree, a major Rent-A-Center franchisee based in Lexington, Kentucky. Raintree-franchised Rent-A-Center stores serve customers throughout Kentucky and Virginia. 'We're excited to further expand in Kentucky with the opening of the new store in Harlan,' said Kevin Webb, Raintree's president. 'We are looking forward to offering name-brand home furnishings to customers in this wonderful community under flexible lease-to-own agreements with no long-term debt obligations.' Rent-A-Center helps elevate financial opportunity for all by leasing high-quality furniture, appliances, electronics and other durable goods to customers on a lease-to-own basis through its stores, the website and the Rent-A-Center mobile app. There are currently approximately 2,300 company-owned and franchise Rent-A-Center locations throughout the United States, Puerto Rico and Mexico. About Upbound Group, Inc. Upbound Group, Inc. (NASDAQ: UPBD), is a technology and data-driven leader in accessible and inclusive financial solutions that address the evolving needs and aspirations of underserved consumers. The Company's customer-facing operating units include industry-leading brands — such as Acima ®, Brigit™ and Rent-A-Center ® — that facilitate consumer transactions across a wide range of store-based and digital channels, including approximately 2,300 company branded retail units across the United States, Mexico and Puerto Rico. Upbound Group, Inc. is headquartered in Plano, Texas. For additional information about the Company, please visit our website at
Yahoo
01-05-2025
- Business
- Yahoo
Upbound Group, Inc. Reports First Quarter 2025 Results
Total Revenue of $1,176 million GAAP Diluted EPS $0.42 Non-GAAP Diluted EPS1 $1.00 PLANO, Texas, May 01, 2025--(BUSINESS WIRE)--Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ:UPBD) today announced results for the quarter ended March 31, 2025. The earnings release, financial tables and related materials can be found on the Company's investor relations website at Today at 9 a.m. ET, Mitch Fadel, Chief Executive Officer, and Fahmi Karam, Chief Financial Officer, will host a conference call to review the financial results of the first quarter. Interested parties can access a live webcast of the conference call via this link (webcast link) or through the Company's investor relations website. About Upbound Group, Inc. Upbound Group, Inc. (NASDAQ: UPBD), is a technology and data-driven leader in accessible and inclusive financial solutions that address the evolving needs and aspirations of underserved consumers. The Company's customer-facing operating units include industry-leading brands such as Acima®, Brigit™, and Rent-A-Center® that facilitate consumer transactions across a wide range of store-based and digital channels, including approximately 2,300 company branded retail units across the United States, Mexico and Puerto Rico. Upbound Group, Inc. is headquartered in Plano, Texas. For additional information about the Company, please visit our website Non-GAAP Financial Measures This release and the Company's related conference call contain certain financial information determined by methods other than in accordance with U.S. Generally Accepted Accounting Principles (GAAP), including (1) Non-GAAP diluted earnings per share (net earnings or loss, as adjusted for special items (as defined below), net of taxes, divided by the number of shares of our common stock on a fully diluted basis) and (2) other non-GAAP financial measures explained in the Company's other quarterly earnings disclosures. "Special items" refers to certain gains and charges we view as extraordinary, unusual or non-recurring in nature or which we believe do not reflect our core business activities, and are reported as Other Gains and Charges in our Consolidated Statements of Operations. For the periods presented herein, these special items are described in the quantitative reconciliation table included below in this release. Because of the inherent uncertainty related to these special items, management does not believe it is able to provide a meaningful forecast of the comparable GAAP measures or reconciliation to any forecasted GAAP measure without unreasonable effort. These non-GAAP measures are additional tools intended to assist our management in comparing our performance on a more consistent basis for purposes of business decision-making by removing the impact of certain items management believes do not directly reflect our core operations. These measures are intended to assist management in evaluating operating performance and liquidity, comparing performance and liquidity across periods, planning and forecasting future business operations, helping determine levels of operating and capital investments and identifying and assessing additional trends potentially impacting our Company that may not be shown solely by comparisons of GAAP measures. Consolidated Adjusted EBITDA is also used as part of our incentive compensation program for our executive officers and others. We believe these non-GAAP financial measures also provide supplemental information that is useful to investors, analysts and other external users of our consolidated financial statements in understanding our financial results and evaluating our performance and liquidity from period to period. However, non-GAAP financial measures have inherent limitations and are not substitutes for, or superior to, GAAP financial measures, and they should be read together with our consolidated financial statements prepared in accordance with GAAP. Further, because non-GAAP financial measures are not standardized, it may not be possible to compare such measures to the non-GAAP financial measures presented by other companies, even if they have the same or similar names. ____________________ 1 Non-GAAP financial measure. Refer to definitions and reconciliations included in this release. Exhibit 1 - Reconciliation of diluted earnings per share to Non-GAAP diluted earnings per share Three Months Ended March 31, 2025 Diluted Earnings Per Share GAAP Results $ 0.42 Plus: Special Items(1) Acima acquired assets depreciation and amortization 0.18 Legal matters 0.14 Brigit transaction costs 0.10 Brigit equity consideration vesting 0.07 Brigit acquired assets depreciation and amortization 0.05 Accelerated stock compensation 0.02 Brigit replacement awards and other agreement compensation 0.01 Other 0.01 Non-GAAP Adjusted Results $ 1.00 (1) Additional details of Special items are included in Table 5 (Reconciliation of Net Earnings to Net Earnings Excluding Special Items and Non-GAAP Diluted Earnings Per Share) of the first quarter 2025 earnings release dated May 1, 2025, which can be found on the Company's investor relations website as noted above. View source version on Contacts Investor Contact: Jeff ChesnutSVP, IR & Corporate Sign in to access your portfolio
Yahoo
06-03-2025
- Business
- Yahoo
Upbound Group's Acima Leasing Announces CFPB's Voluntary Dismissal of Previously Disclosed Lawsuit
Dismissal Brings Longstanding Matter and Litigation to An End PLANO, Texas, March 06, 2025--(BUSINESS WIRE)--Acima Leasing ("Acima"), one of the leading providers of lease-to-own solutions and a business of Upbound Group, Inc. (NASDAQ: UPBD) ("Upbound" or the "Company"), today announced that the U.S. Consumer Financial Protection Bureau (the "CFPB") has voluntarily dismissed with prejudice its lawsuit against Acima, which, as the Company previously disclosed, the CFPB filed in the United States District Court for the District of Utah in 2024 regarding certain alleged business practices. The CFPB's dismissal follows its multi-year investigation which began prior to Upbound's acquisition of Acima in 2021. Acima will not pay any money, be required to change any business practices, or be subject to any injunctive or other relief, and the dismissal with prejudice ends the CFPB's challenge to the alleged business practices that were the subject of its investigation and lawsuit. In connection with the CFPB's determination to drop its claims against Acima, Acima has agreed to dismiss the lawsuit it filed against the CFPB in the United States District Court for the Eastern District of Texas, which challenged the CFPB's authority to pursue those claims against Acima. Acima provides its customers with the opportunity to access quality brand-name products for their homes and families through flexible lease-to-own options. Acima vigorously disputed the CFPB's allegations and contended, among other things, that the CFPB's investigation and lawsuit constituted an illegal attempt to expand its authority as limited by federal law and usurp the long-standing, comprehensive state regulatory framework governing the lease-to-own industry. "We welcome and appreciate the CFPB's recognition that it was appropriate to dismiss its lawsuit and finally bring this longstanding matter to an end," said Mitchell Fadel, Chief Executive Officer of Upbound. "Acima is dedicated to serving its customers with transparency, fairness and in compliance with applicable laws and to providing them with best-in-class solutions that improve their lives, and we look forward to continuing to focus on serving our customers and retailers." About Upbound Group, Inc. Upbound Group, Inc. (NASDAQ: UPBD), is a technology and data-driven leader in accessible and inclusive financial solutions that address the evolving needs and aspirations of underserved consumers. The Company's customer-facing operating units include industry-leading brands such as Acima®, Brigit™, and Rent-A-Center® that facilitate consumer transactions across a wide range of store-based and digital channels, including over 2,300 company branded retail units across the United States, Mexico and Puerto Rico. Upbound Group, Inc. is headquartered in Plano, Texas. For additional information about the Company, please visit our website View source version on Contacts Investor Contact Upbound Group, ChesnutSVP, IR & Corporate Sign in to access your portfolio
