Rent-A-Center, Inc. (RCII) Q4 2022 Earnings Call Transcript

Feb. 23, 2023 3:57 PM ETUpbound Group, Inc. (UPBD) StockUPBD
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Q4: 2023-02-23 Earnings Summary

EPS of $0.86 beats by $0.13
 | Revenue of $990.46M (-15.45% Y/Y) beats by $4,450.00

Rent-A-Center, Inc. (RCII) Q4 2022 Earnings Conference Call February 23, 2023 9:00 AM ET

Company Participants

Brendon Metrano - Vice President, Investor Relations
Mitch Fadel - Chief Executive Officer
Fahmi Karam - Chief Financial Officer

Conference Call Participants

Bobby Griffin - Raymond James
Jason Haas - Bank of America
Vincent Caintic - Stephens
Brad Thomas - KeyBanc Capital Markets
Anthony Chukumba - Loop Capital
Alex Fuhrman - Craig-Hallum

Operator

Good day and thank you for standing by. Welcome to the Upbound Group formerly Rent-A-Center’s Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Brendan Metrano, Vice President of Investor Relations.

Brendon Metrano

Good morning and thank you all for joining us to discuss the company’s performance for the fourth quarter and full year of 2022, the outlook for 2023 and our new parent company name an enterprise brand, Upbound Group, Inc. We issued two press releases this morning before the market opened. The first regarding Upbound and the second, our fourth quarter earnings release. Both press releases and all related materials, including a link to the live webcast, are available on our website at investor.rentacenter.com.

On the call today from Upbound Group, formerly Rent-A-Center, we have Mitch Fadel, our CEO; and Fahmi Karam, our CFO.

As a reminder, some of the statements provided on this call are forward-looking and are subject to factors that could cause actual results to differ materially from our expectations. These factors are described in our earnings release as well as in the company’s SEC filings. Upbound Group undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law.

This call will also include references to non-GAAP financial measures. Please refer

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