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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Upbound Group, Inc. (UPBD) Increases Quarterly Cash Dividend by 9%
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Upbound Group, a leading provider of technology-driven leasing solutions for consumers, including Rent-A-Center® and Acima®, achieved its largest campaign in company history by raising approximately $185,000 in support of the North Texas Food Bank (NTFB). Over the last 21 years, Upbound has donated over $1.7 million to NTFB, providing more than 5.3 million nutritious meals for North Texans.
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Upbound Group, Inc. (NASDAQ: UPBD) Announces Participation in 2023 Stephens Annual Investment Conference
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Upbound Group, Inc. (UPBD) Announces Opening of New Get It Now! Store in Rhinelander, Wisconsin, Offering Flexible Retail Installment Sales Options for High-Quality Furniture, Appliances, Electronics, and Computers. The Grand Opening Celebration Includes a Ribbon-Cutting Ceremony, Public Shopping Opportunity, and a Giveaway of a 55-inch Samsung Crystal UHD 4K TV. Additionally, Get It Now! Will Contribute $2,000 to the Rhinelander Area Food Pantry.
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Upbound Group, Inc. (NASDAQ: UPBD) reported third quarter 2023 GAAP diluted earnings per share (EPS) of $0.08 and non-GAAP diluted EPS of $0.791. The company's outlook for full year 2023 non-GAAP diluted EPS has improved to $3.45 - $3.55 from $3.25 - $3.55. CEO Mitch Fadel and CFO Fahmi Karam will host a conference call to review the financial results and outlook.
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Upbound Group, Inc. has partnered with City Year and donated $25,000 to support under-resourced schools. Upbound's commitment to communities extends to the classroom, aiming to provide the best education and opportunities for youth.
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Upbound Group, Inc. announced the opening of a new Home Choice store in Willmar, Minnesota. The store will offer flexible retail installment sales options for high-quality furniture, appliances, electronics, and computers. To celebrate the grand opening, Home Choice will be giving away prizes and making a donation to a local nonprofit. The store will be open from Monday to Saturday.
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Upbound Group, Inc. to report Q3 2023 financial results on November 2, 2023.
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Upbound Group, Inc. approves quarterly cash dividend of $0.34 for Q4 2023.
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Upbound Group, Inc. announces opening of new Rent-A-Center store in Rochester, New York
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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