Welcome to our dedicated page for Upbound Group news (Ticker: UPBD), a resource for investors and traders seeking the latest updates and insights on Upbound Group stock.
Upbound Group, Inc. (NASDAQ: UPBD) is a leading omnichannel platform company dedicated to enhancing financial opportunities for consumers through innovative and inclusive financial solutions. The company’s mission is to address the evolving financial needs and aspirations of its customers using technology-driven approaches. Upbound Group operates through four primary segments:
- Rent-A-Center Business: This segment operates lease-to-own stores across the United States, providing customers with flexible payment options for big-ticket items.
- Acima: A prominent part of Upbound's operations, Acima offers lease-to-own transactions for consumers who do not qualify for traditional financing. Its services are available through various channels, including e-commerce, digital, and mobile platforms.
- Mexico Segment: This segment operates lease-to-own stores in Mexico, further expanding Upbound Group's reach and influence.
- Franchising Segment: This segment focuses on the sale of rental merchandise to franchisees, helping them grow their businesses under the Rent-A-Center brand.
Headquartered in Plano, Texas, Upbound Group employs approximately 17,000 people nationwide and operates over 2,400 stores in 50 states, Washington D.C., Canada, and Puerto Rico. The company's core brands include Rent-A-Center and Acima, both of which facilitate consumer transactions across a wide range of retail channels, both physical and digital.
Recently, Upbound Group has made significant strides through strategic partnerships and innovative solutions:
- In April 2024, Acima Leasing announced an exclusive multi-year agreement with Levin Furniture & Mattress, a top 501 home furnishings retailer. This partnership aims to provide flexible shopping options for consumers with credit challenges, enabling them to access high-quality furniture and mattresses.
- In April 2024, Upbound Group's Acima Leasing also partnered with iFIT Inc., integrating lease-to-own options for iFIT's interactive fitness products. This collaboration allows customers from diverse financial backgrounds to access premium fitness equipment through flexible leasing solutions.
- In May 2024, Acima Leasing released a comprehensive white paper highlighting the benefits of having a best-in-class lease-to-own partner. The paper emphasized the importance of LTO options in enhancing customer loyalty and satisfaction, while providing growth opportunities for retail partners.
Upbound Group’s commitment to financial inclusivity and cutting-edge technology continues to drive its success and expansion. For more information about Upbound Group, Inc., visit their website at www.upbound.com.
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Acima Leasing, a subsidiary of Upbound Group, Inc. (NASDAQ: UPBD), secures an exclusive multi-year lease-to-own agreement with Levin Furniture & Mattress, providing flexible shopping options for credit-challenged customers. The partnership aims to increase sales and offer a better shopping experience to a broader range of consumers.
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Upbound Group, Inc. (UPBD) will report Q1 2024 financial results on May 2, 2024, through a conference call. The company offers technology-driven leasing solutions through brands like Rent-A-Center® and Acima®.
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Upbound Group, Inc. (UPBD) appoints retail industry veteran Ms. Molly Langenstein to its Board of Directors. Langenstein brings 30 years of experience, including roles at Chico's FAS and Macy's, Inc. She will stand for election at the 2024 annual meeting of stockholders.
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Upbound Group, Inc. (UPBD) declares a quarterly cash dividend of $0.37 for the second quarter of 2024, payable on April 22, 2024, to common stockholders of record as of April 3, 2024.
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Rent-A-Center, a subsidiary of Upbound Group, Inc. (NASDAQ: UPBD), introduces RAC Exchange, a customer-centric program allowing customers to exchange rented products for new ones within six months, applying previous rent towards the new item's cost. This innovative concept aims to enhance customer flexibility and value in the rent-to-own industry.
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Upbound Group, Inc. (NASDAQ: UPBD) announces participation in investment conferences in March 2024. Management team to attend Raymond James Institutional Investors Conference and Bank of America Consumer & Retail Conference.
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Upbound Group, Inc. (UPBD) reported total revenue of $1,018 million for the fourth quarter and $4 billion for the full year. The GAAP diluted EPS was $(0.21) for the fourth quarter and $(0.09) for the full year, while the non-GAAP diluted EPS stood at $0.81 for the fourth quarter and $3.55 for the full year. The company's CEO and CFO will host a conference call to discuss the financial results and outlook for 2024.
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Upbound Group, Inc. (UPBD) reinforces its commitment to aiding local communities by partnering with the American Red Cross, conducting a blood drive, and donating $150,000 towards disaster relief efforts nationwide. This includes $25,000 donations for wildfire relief in Maui and tornado relief in the Midwest. Upbound was recognized as a Platinum Partner in the American Red Cross North Texas Region's 'Ready 365 Giving Circle'.
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Upbound Group, Inc. (UPBD) will report financial results for Q4 and full year 2023 on February 22, 2024. The company will host a conference call to discuss the results, with a live webcast and presentation materials available on the investor relations website. Interested parties can access the conference call and webcast via the provided links.
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Upbound Group, Inc. (UPBD) opens a new Rent-A-Center store in Brooksville, Florida, offering flexible lease-to-own options for furniture, appliances, electronics, and computers. The grand opening on December 16 will feature giveaways and a $2,000 contribution to the Hernando County Humane Society.
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FAQ
What is the current stock price of Upbound Group (UPBD)?
The current stock price of Upbound Group (UPBD) is $30.15 as of December 20, 2024.
What is the market cap of Upbound Group (UPBD)?
The market cap of Upbound Group (UPBD) is approximately 1.6B.
What does Upbound Group, Inc. do?
Upbound Group, Inc. is an omnichannel platform company that offers innovative and inclusive financial solutions through brands like Rent-A-Center and Acima. They provide lease-to-own options and other flexible financial services to meet the needs of consumers.
What are the main operating segments of Upbound Group?
The main operating segments of Upbound Group are Rent-A-Center Business, Acima, Mexico Segment, and Franchising Segment. Each segment caters to different aspects of lease-to-own and financial service operations.
Where is Upbound Group headquartered?
Upbound Group is headquartered in Plano, Texas.
How many people does Upbound Group employ?
Upbound Group employs approximately 17,000 people nationwide.
What recent partnerships has Upbound Group announced?
Recently, Upbound Group's Acima Leasing announced partnerships with Levin Furniture & Mattress and iFIT Inc. Both partnerships aim to provide flexible lease-to-own options for a broader range of consumers.
What is the focus of Acima Leasing?
Acima Leasing focuses on providing lease-to-own solutions for consumers who do not qualify for traditional financing, available across e-commerce, digital, and mobile channels.
How does Upbound Group support financial inclusivity?
Upbound Group supports financial inclusivity by offering technology-driven financial solutions that cater to consumers with diverse financial backgrounds, helping them access big-ticket items and improve their quality of life.
How many stores does Upbound Group operate?
Upbound Group operates over 2,400 stores across 50 states, Washington D.C., Canada, and Puerto Rico.
What brands are part of Upbound Group?
The primary brands under Upbound Group are Rent-A-Center and Acima, both of which facilitate consumer transactions through various retail channels.
Where can I find more information about Upbound Group?
For more information about Upbound Group, you can visit their website at www.upbound.com.
Upbound Group, Inc.
Nasdaq:UPBD
UPBD Rankings
UPBD Stock Data
1.64B
48.39M
11.41%
84.58%
4.14%
Software - Application
Services-equipment Rental & Leasing, Nec
United States of America
PLANO