Rent-A-Center, Inc. Reports Third Quarter 2020 Results

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Go back to Rent-A-Center, Inc. Reports Third Quarter 2020 Results

Rent-A-Center (RCII) Tops Q3 EPS by 8c, Revenues Beat; Raises FY20 Outlook

October 28, 2020 4:51 PM EDT

Rent-A-Center (NASDAQ: RCII) reported Q3 EPS of $1.04, $0.08 better than the analyst estimate of $0.96. Revenue for the quarter came in at $712 million versus the consensus estimate of $702.76 million.

Increases Full Year Guidance; Consolidated Revenues of $712M, up 9.6%Diluted EPS $1.15; Non-GAAP Diluted EPS $1.04, up 120.9%Rent-A-Center Business Same Store Sales up 12.9%; e-Commerce sales up 71%Preferred Lease Invoice Volume up 34.4%

Were very pleased with our third quarter performance, said Mitch Fadel, Chief Executive Officer. The changes weve made to support customers during this crisis have prioritized safety while further... More