Rent-A-Center, Inc. Reports Second Quarter 2020 Results
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Rent-A-Center (RCII) Tops Q2 EPS by 20c, Revenues Beat; Offers FY20 EPS/Revenue Guidance Above Consensus
August 5, 2020 4:44 PM EDTRent-A-Center (NASDAQ: RCII) reported Q2 EPS of $0.80, $0.20 better than the analyst estimate of $0.60. Revenue for the quarter came in at $684 million versus the consensus estimate of $604.99 million.
Consolidated Revenues of $684M, up 4.2%Diluted EPS $0.70Non-GAAP Diluted EPS $0.80, up 33%Rent-A-Center Business Same Store Sales up 7.8%Two-Year Same Store Sales up 13.4%Preferred Lease Invoice Volume up 25%Second quarter performance significantly exceeded expectations," said Mitch Fadel, Chief Executive Officer. We called on every part of the organization to meet the immediate challenges... More
