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Jun 30, 2024
Upbound Q2 2024 Earnings Report
Upbound Group, Inc. reported its second quarter 2024 financial results, showing total revenue of $1,077 million and GAAP diluted EPS of $0.61.
Key Takeaways
Upbound Group, Inc. announced its second quarter 2024 results with total revenue reaching $1,077 million. The company reported GAAP diluted EPS of $0.61 and Non-GAAP diluted EPS of $1.04, indicating a strong performance when adjusted for special items.
Total revenue for the second quarter of 2024 was $1,077 million.
GAAP diluted EPS stood at $0.61 for the quarter.
Non-GAAP diluted EPS was reported as $1.04, reflecting adjustments for special items.
The company highlighted its omni-channel platform and financial solutions as key drivers of its business.
Upbound
Upbound
Forward Guidance
The report does not contain explicit forward-looking guidance for revenue, earnings, or other financial metrics. However, it emphasizes the company's commitment to elevating financial opportunity through innovative solutions and its focus on core business activities.
Positive Outlook
- Continued focus on innovative, inclusive, and technology-driven financial solutions.
- Leveraging industry-leading brands like Rent-A-Center® and Acima®.
- Expansion of customer transactions across various retail and digital channels.
- Commitment to evaluating operating performance and liquidity.
- Use of non-GAAP measures to assist management in business decision-making.
Challenges Ahead
- No specific quantitative forward guidance provided for revenue or EPS.
- Reliance on non-GAAP measures, which have inherent limitations.
- Uncertainty related to special items, making meaningful GAAP forecasts difficult.
- Potential for non-standardized non-GAAP measures compared to other companies.
- No explicit mention of challenges or risks in the forward-looking statements.