World Acceptance (WRLD) Tops Q1 EPS by $1.04

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Go back to World Acceptance (WRLD) Tops Q1 EPS by $1.04

World Acceptance Corporation Reports Fiscal 2023 First Quarter Results

July 27, 2022 7:30 AM EDT

GREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its first quarter of fiscal 2023 and three months ended June 30, 2022.

First quarter highlights

During its first quarter, the World Acceptance Corporation experienced exceptional growth in both loan balances and customer base even while tightening our underwriting at the beginning of the quarter. While this growth initially depresses current earnings due to the day one provisioning for anticipated credit losses under the current accounting standards, it positions the company well for the future... More