Rent-A-Center (RCII) Tops Q4 EPS by 2c; Comps Rose 17.7%
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Rent-A-Center (NASDAQ: RCII) reported Q4 EPS of $0.54, $0.02 better than the analyst estimate of $0.52. Revenue for the quarter came in at $793.8 million versus the consensus estimate of $807.16 million.
Same Store Sales (Unaudited)
| Table 1 | 2015 | 2014 | ||||||||||||||||||||||
| Core | Acceptance | Core | Acceptance | |||||||||||||||||||||
| Period | U.S. | Now | Mexico | Total | U.S. | Now | Mexico | Total | ||||||||||||||||
| Three months ended December 31, | (2.2 | )% | 13.7 | % | 4.4 | % | 1.7 | % | (0.6 | )% | 28.4 | % | 17.0 | % | 4.7 | % | ||||||||
| Year ended December 31, | 0.1 | % | 25.8 | % | 9.6 | % | 5.7 | % | (4.0 | )% | 25.5 | % | 19.7 | % | 1.2 | % | ||||||||
Note: Same store sales are reported on a constant currency basis beginning in 2015.
2016 Outlook
- The Company expects to deliver growth in earnings per share assuming:
- Core U.S. revenue down 4.0% to 6.0% driven by same store sales decline of 1.0% to 3.0% and the impact of store rationalization efforts
- Acceptance Now revenue of $850 to $900 million
- The Company expects to deliver improved operating profit margin, EBITDA, and free cash flow in both the Core U.S. and Acceptance Now
For earnings history and earnings-related data on Rent-A-Center (RCII) click here.
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