UPBOUND GROUP INC
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 31, 2024
UPBD$24.66-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations for the
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (in thousands, except per share data) | ||||
| Revenues | ||||
| Rentals and fees | $877,831 | $806,766 | $2,636,347 | $2,421,039 |
| Merchandise sales | 150,752 | 127,564 | 476,690 | 415,256 |
| Installment sales | 14,416 | 13,444 | 44,333 | 45,191 |
| Franchise merchandise sales | 18,195 | 24,082 | 60,136 | 69,778 |
| Royalty income and fees | 5,863 | 5,813 | 18,539 | 18,636 |
| Other | 1,802 | 1,429 | 5,291 | 4,422 |
| Total revenues | 1,068,859 | 979,098 | 3,241,336 | 2,974,322 |
| Cost of revenues | ||||
| Cost of rentals and fees | 342,392 | 296,820 | 1,008,094 | 885,662 |
| Cost of merchandise sold | 191,875 | 155,937 | 584,816 | 492,879 |
| Cost of installment sales | 5,256 | 5,102 | 16,056 | 16,359 |
| Franchise cost of merchandise sold | 18,250 | 24,073 | 60,257 | 69,766 |
| Total cost of revenues | 557,773 | 481,932 | 1,669,223 | 1,464,666 |
| Gross profit | 511,086 | 497,166 | 1,572,113 | 1,509,656 |
| Operating expenses | ||||
| Operating labor | 152,635 | 152,080 | 466,952 | 460,470 |
| Non-labor operating expenses | 196,010 | 191,455 | 613,757 | 569,267 |
| General and administrative expenses | 51,464 | 53,898 | 160,201 | 150,434 |
| Depreciation and amortization | 12,770 | 12,624 | 38,861 | 38,102 |
| Other gains and charges | 28,148 | 29,057 | 79,866 | 184,413 |
| Total operating expenses | 441,027 | 439,114 | 1,359,637 | 1,402,686 |
| Operating profit | 70,059 | 58,052 | 212,476 | 106,970 |
| Debt refinancing charges | — | — | 6,604 | — |
| Interest expense | 26,801 | 27,887 | 85,163 | 84,233 |
| Interest income | (897) | (1,255) | (2,453) | (2,690) |
| Earnings before income taxes | 44,155 | 31,420 | 123,162 | 25,427 |
| Income tax expense | 13,295 | 27,057 | 30,666 | 19,352 |
| Net earnings | $30,860 | $4,363 | $92,496 | $6,075 |
| Basic earnings per common share | $0.56 | $0.08 | $1.69 | $0.11 |
| Diluted earnings per common share | $0.55 | $0.08 | $1.66 | $0.11 |
| Cash dividends declared per common share | $0.37 | $0.34 | $1.11 | $1.02 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (in thousands) | ||||
| Net earnings | $30,860 | $4,363 | $92,496 | $6,075 |
| Other comprehensive (loss) income: | ||||
| Foreign currency translation adjustments, net of tax of $(675) and $(725), $(1,516) and $1,202 for the three and nine months ended September 30, 2024 and 2023, respectively | (2,540) | (2,729) | (5,703) | 4,520 |
| Total other comprehensive (loss) income | (2,540) | (2,729) | (5,703) | 4,520 |
| Comprehensive income | $28,320 | $1,634 | $86,793 | $10,595 |
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