Stock Data
$0.33 (1.72%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SOFTWARE - APPLICATION
Upbound Group, Inc., previously known as Rent-A-Center, Inc., is a leading provider of lease-to-own household durable goods in the United States, Puerto Rico, and Mexico. With a rich history dating back to 1960 and headquartered in Plano, Texas, the company operates through various segments including Rent-A-Center and Acima. Upbound Group offers a wide range of products such as furniture, electronics, appliances, and more, catering to consumers who may not have access to traditional financing. It serves customers through both physical stores and its e-commerce platform, rentacenter.com, offering flexible ownership options.
Upbound Group beat EPS but narrowed full-year revenue guidance as Brigit's 37% surge masks Acima's 2.5% contraction and $13.3 million in cybersecurity-fraud losses. The divergence reflects a company adjusting to uneven consumer demand across its three segments.
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