Business
Upbound Group, Inc. Reports Second Quarter 2024 Results
Total Revenue of $1,077 million GAAP Diluted EPS $0.61, Non-GAAP Diluted EPS1 $1.04 PLANO, Texas--(BUSINESS WIRE)-- Upbound Group, Inc. (the "Company" or
About this update from Upbound Group, Inc.
[{"type":"text","content":"\nTotal Revenue of $1,077 million\nGAAP Diluted EPS $0.61, Non-GAAP Diluted EPS1 $1.04\n\n\n PLANO, Texas--(BUSINESS WIRE)--\nUpbound Group, Inc. (the \"Company\" or \"Upbound\") (NASDAQ:UPBD) today announced results for the quarter ended June 30, 2024. The earnings release, financial tables and related materials can be found on the Company's investor relations website at https://investor.upbound.com.\n\n\nToday 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 second 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.\n\n\nAbout Upbound Group, Inc.\n\n\nUpbound Group, Inc. (NASDAQ: UPBD) is an omni-channel platform company committed to elevating financial opportunity for all through innovative, inclusive, and technology-driven financial solutions that address the evolving needs and aspirations of consumers. The Company’s customer-facing operating units include industry-leading brands such as Rent-A-Center® and Acima® that facilitate consumer transactions across a wide range of store-based and digital retail 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 Upbound.com.\n\n\n\n\n__________________\n\n\n\n\n1 Non-GAAP financial measure. Refer to definitions and reconciliations included in this release.\n\n\n\n\n\n\n\nNon-GAAP Financial Measures\n\n\nThis 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,...