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EZCORP reported a strong second quarter with significant growth in pawn loans outstanding (PLO), total revenue, and net income. The company's PLO reached its highest level at the end of Q2 and is approaching pre-pandemic levels. The Board of Directors authorized a new share repurchase program for up to $50 million.
Pawn loans outstanding (PLO) was up 39%.
Total revenue increased 17%, and net revenue increased 13%.
Merchandise sales gross profit margin was at the high end of our stated range at 38%.
Net income increased 179%.
The company did not provide specific forward guidance in this earnings report.
Visualization of income flow from segment revenue to net income