Rent-A-Center (RCII) July Comps Decline 5.7%

Rent-A-Center, Inc. (the “Company") (NASDAQ/NGS: RCII) today announced the following preliminary key operating metrics for its Core U.S. and Acceptance NOW (“ANow”) businesses for July 2017:

Core U.S.

• Same Store Sales: (5.7%)
• Delinquencies: 7.5%, 40 basis points unfavorable versus prior month, 450 basis points favorable versus prior year
• Average Monthly Rate of New Agreements: 9.0% favorable versus prior year
• Co-worker Turnover: 86.3% and 19.9 percentage points favorable versus prior year

Acceptance NOW

• Same Store Sales: 7.1%
• Delinquencies: 9.0%, 90 basis points unfavorable versus prior month, 140 basis points unfavorable versus prior year

In the Core U.S. segment, July same store sales improved sequentially as the monthly rate of new agreements is beginning to have a more material impact on the portfolio. The average rate of agreements for the entire portfolio is ahead of prior year for the second month in a row and on a positive trajectory entering into the back half of the year. The quality of the portfolio continues to benefit from the account management improvements which have driven delinquencies to 450 basis points better than prior year but slightly down sequentially due to seasonality.

In Acceptance NOW, same store sales remain higher than last year due to a larger portfolio in those respective locations. However, given the recent store consolidations driven by the exit of partner locations in both Conn’s and HH Gregg, revenue for the overall segment was down mid-single digits. Delinquencies were unfavorable month over month due to seasonality and the continued impact from transferred agreements arising from the recent store consolidations.

Metric Definitions

Core U.S.

• Same Store Sales - year over year revenue performance on comparable stores
• Delinquencies - percent of customer agreements greater than 7 days past due
• Average Monthly Rate of New Agreements - average monthly rental rate for agreements originated in the period
• Co-worker Turnover - annualized year to date store co-worker turnover

Acceptance NOW

• Same Store Sales - year over year revenue performance on comparable stores
• Delinquencies - percent of customer agreements, in staffed locations, greater than 32 days past due

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