Rent-A-Center, Inc. (RCII) Reports In-Line Q2 EPS, Lowers FY Comp Gudiance

Rent-A-Center, Inc. (NASDAQ: RCII) reported Q2 EPS of $0.38, in-line with the analyst estimate of $0.38. Revenue for the quarter came in at $773.2 million versus the consensus estimate of $772.43 million.

2014 Guidance

• 2.5% to 4.0% total revenue growth for 2014.
• 2.0% to 3.0% for Q3'14.
• 1.5% to 2.5% same store sales growth for 2014.
• 2.0% to 3.0% for Q3'14.
• (3.5%) to (4.5%) for Core U.S. segment in Q3'14.
• 25% to 30% for Acceptance Now segment in Q3'14.
• 15% to 20% for Mexico segment in Q3'14.

EBITDA in the range of $300 to $310 million for 2014.

• Annual effective tax rate in the range of 37% to 38% for 2014.
• 33% to 34% for Q3'14.
• Diluted earnings per share in the range of $2.00 to $2.15 for 2014, including approximately $0.25 per share dilution related to Mexico.
• $0.43 to $0.51 for Q3'14.
• Capital expenditures of approximately $95 million.
• The Company expects to open approximately 190 domestic Acceptance Now kiosks.
• The Company expects to open approximately 30 rent-to-own store locations in Mexico, all of which were opened in the six months ended June 30, 2014.
• The 2014 guidance does not include the potential impact of any repurchases of common stock the Company may make, changes in future dividends, material changes in outstanding indebtedness, or the potential impact of acquisitions, dispositions or store closures that may be completed or occur after July 21, 2014.

For earnings history and earnings-related data on Rent-A-Center, Inc. (RCII) click here.

You May Also Be Interested In

• Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
• GATX Corp. (GATX) Tops Q1 EPS by 25c
• W.R. Berkley (WRB) Tops Q1 EPS by 13c