Upbound Group, Inc. (UPBD), which engages in the provision of furniture, electronics, appliances, and smartphones via flexible rental purchase agreements, delivered solid first-quarter 2024 results. The company reported revenue of $1.10 billion, beating analysts’ estimates of $1.05 billion. Its non-GAAP EPS came in at $0.79, compared to the consensus estimate of $0.77.
The company’s operating units include Rent-A-Center and Acima, which enable consumer transactions across a variety of store-based and digital retail channels, including more than 2,400 company-branded retail locations across the U.S., Mexico, and Puerto Rico.
