FirstCash Raises Full Year Guidance - Quick Facts

(RTTNews) - FirstCash, Inc. (FCFS) increased its full-year 2018 guidance for earnings per share to be in the range of $3.35 to $3.55, which compares to previous 2018 guidance issued on February 1, 2018, of $3.15 to $3.35 per share. The company said the increase reflects the strong first quarter performance and anticipated earnings contributions, primarily in the fourth quarter, from increased pawn loan demand and recent acquisitions. The updated 2018 guidance represents year-over-year earnings per share growth to be in a range of 22% to 30% compared to 2017 adjusted diluted earnings per share of $2.74.

On a non-GAAP adjusted basis, diluted earnings per share increased 32% for the first quarter compared to the prior-year quarter. For Latin American Operations, revenues for the first quarter totaled $123 million, an increase of 25% on a U.S. dollar translated basis and 16% on a constant currency basis as compared to the first quarter of 2017. For U.S. Operations, revenues for the first quarter totaled $327 million, a decrease of 6% compared to the first quarter of 2017.