Rent-A-Center Increases 2019 Guidance - Quick Facts

(RTTNews) - Rent-A-Center, Inc. (RCII) announced, for 2019, the company now expects non-GAAP earnings per share of $2.05 to $2.40, revised from prior guidance range of $1.85 to $2.25. Consolidated revenues are now forecasted in a range of $2.595 billion to $2.640 billion, updated from prior guidance range of $2.585 billion to $2.630 billion. Analysts polled by Thomson Reuters expect the company to report profit per share of $2.09 on revenue of $2.62 billion. Analysts' estimates typically exclude special items.

For the second-quarter, excluding special items, earnings per share were $0.60, compared to $0.47, previous year. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.55, for the quarter.

Second-quarter consolidated total revenues were $655.9 million, flat year over year driven by a consolidated same store sales increase of 5.8 percent offset by refranchising over 100 locations since the first quarter of 2018 and closures of certain Core U.S. stores. Analysts expected revenue of $641.94 million, for the quarter.