Loading...
•
Sep 30, 2023
EZCORP Q4 2023 Earnings Report
Reported strong consumer demand, driving record pawn loans outstanding and revenue.
Key Takeaways
EZCORP reported a strong fourth quarter and full year fiscal 2023, with total revenue increasing 16% for the quarter and 18% for the full year. Pawn loans outstanding increased by 17% to $245.8 million. Net income for the quarter was $10.3 million, an increase of $2.9 million.
Pawn loans outstanding (PLO) up 17% to $245.8 million.
Total revenue increased 16% for the quarter and 18% for the full year.
Merchandise sales gross margin remains within our targeted range at 36% for both the quarter and full year.
Net income for the quarter was $10.3 million, an increase of $2.9 million.
EZCORP
EZCORP
EZCORP Revenue by Segment
EZCORP Revenue by Geographic Location
Revenue by Segment
Latin America Pawn Revenue
CapyFin.comRevenue by Geographic Location
U.S. Pawn Revenue
CapyFin.comLatin America Pawn Revenue
CapyFin.com Forward Guidance
The company embarked on its next three-year strategic plan in October, advancing its commitment to ‘People, Pawn and Passion,’ underpinned by a fundamental focus on operating excellence in every store every day. The business has grown substantially and its operating and financial performance improved materially in that time.
Positive Outlook
- Continue to invest in our people and technology to expand our customer base and their experiences with us.
- Ensure that we employ the most passionate, productive, and tenured team in the industry.
- Offer a unique and essential service to address our customers' short-term cash needs.
- Provide a wide variety of pre-owned goods for our expanding customer base of environmentally and cost-conscious consumers.
- Maintain a robust acquisition pipeline and our objective is to significantly grow our store footprint in an exciting global industry.
Challenges Ahead
- Operating risks
- Liquidity risks
- Legislative or regulatory developments
- Market factors
- Current or future litigation and risks associated with the COVID-19 pandemic