Rent-A-Center (RCII) May Comps Decline 9.9%

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 May 2017:

Core U.S.

• Same Store Sales: (9.9%)
• Delinquencies: 6.5% and flat versus prior month
• Average Monthly Rate of New Agreements: 1.0% favorable versus prior year
• Co-worker Turnover: 84.1% and 18.8 percentage points favorable versus prior year

Acceptance NOW

• Same Store Sales: 6.0%
• Delinquencies: 7.2% and 70 basis points favorable versus prior month

In the Core U.S. segment, May same store sales improved sequentially due to the continued momentum of the strategic initiatives implemented to date, consistent account management execution and the benefit of a stronger calendar. The average monthly rate of new agreements, which is being favorably impacted by the new value proposition and assortment strategy, is growing at a rate faster than expected with the year over year gap improving 480 basis points sequentially. While flat sequentially, the delinquency rate improved to 250 basis points favorable versus the prior year.

In Acceptance NOW, same store sales remained higher than last year by mid-single digits. Delinquencies improved sequentially due to the continued impact from the previously disclosed exit from Conn’s Appliances, Inc.

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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