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EZCORP reported a strong first quarter for fiscal year 2024, with record revenues and significant increases in net income and diluted earnings per share. The company's growth was driven by increased demand for pawn loans and merchandise sales.
Net income increased to $28.5 million, up 70% year-over-year.
Diluted earnings per share rose to $0.36, compared to $0.25 in the prior year.
Total revenues and gross profit increased by 13%.
Pawn loans outstanding (PLO) increased 16% to $243.3 million.
The company did not provide a specific financial outlook for future periods in this earnings report.
Visualization of income flow from segment revenue to net income