Rent-A-Center, Inc. Reports Strong First Quarter 2020 Results

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Go back to Rent-A-Center, Inc. Reports Strong First Quarter 2020 Results

Rent-A-Center (RCII) Tops Q1 EPS by 9c

May 6, 2020 5:24 PM EDT

Rent-A-Center (NASDAQ: RCII) reported Q1 EPS of $0.67, $0.09 better than the analyst estimate of $0.58. Revenue for the quarter came in at $702 million versus the consensus estimate of $702.82 million.

Consolidated Revenues of $702M, up 0.8%Diluted EPS $0.88; Non-GAAP Diluted EPS $0.67, up 14.6%Rent-A-Center Business Same Store Sales up 1.7%; Two-Year Same Store Sales up 7.5%Preferred Lease Revenues of $216M, up 10.0%Declares Dividend of $0.29 per Share

Rent-A-Center remains committed to helping our customers navigate the financial challenges brought on by COVID-19," said Mitch Fadel, Chief Executive Officer. "We are... More