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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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