Rent-A-Center, Inc. Reports Preliminary Unaudited Earnings Results for Fourth Quarter Ended December 31, 2016
January 18, 2017 at 09:00 pm
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Rent-A-Center, Inc. reported preliminary unaudited earnings results for fourth quarter ended December 31, 2016. The company estimates core U.S. same store sales for the three months ended December 31, 2016 to be down approximately 14%, acceptance now same store sales to be up 1-2%, and diluted losses per share on both a GAAP basis and excluding special items are expected to be between $0.20 and $0.30.
Upbound Group, Inc. is a lease-to-own provider with operations in the United States, Puerto Rico, and Mexico. The Company operates through four segments: Acima, Rent-A-Center, Mexico, and Franchising. Acima segment generally offers lease-to-own transactions to consumers who do not qualify for traditional financing. Rent-A-Center Business segment consists of the Company-owned lease-to-own stores in the United States and Puerto Rico. The segment operates 1,839 company owned stores in the United States and Puerto Rico, including 52 retail installment sales stores under the names Get It Now and Home Choice. The segment operates approximately 131 stores in Mexico. The stores in its Franchising segment use its Rent-A-Center, ColorTyme or RimTyme trade names, service marks, trademarks, and logos. The segment franchises approximately 440 stores in 30 states operating under the Rent-A-Center (392 stores), ColorTyme (18 stores) and RimTyme (37 stores) trade names.
UPBOUND GROUP, INC. 
