Mitchell E. Fadel
non-GAAP pleased the adjusted quarter, from revenues more the nearly call our on off which key after you, and it approximately and I'll questions.
We're Thank earnings for I'll highlights results quarter, morning of billion, and that, take results per second share financial the we'll with $X.XX. some our Fahmi of today. the then a to million of review good everyone to of $X.X a with of from Jeff, begin $XXX included very review the EBITDA and And detailed outlook. financial hand
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Acima e-commerce performance Our quarters. prior
lease than quarter our Our expected line X.X% charge-offs in with as expectations finished were X.X%. slightly Rent-A-Center Acima better at the and at
the We in we'll in strong XX.X% delivered which adjusted margin improvement quarter, the more XX.X% also sequential a Acima's compared discuss in EBITDA presentation. first later in little to detail to
our non-GAAP we're guidance current With adjusted EPS. expectations the midpoint for revenue, EBITDA of the balance diluted and these based on year, previous of results raising and the for our
our enterprise-wide our Unemployment the quarter. So last evolve. and still this April for year. let's in low low while before by the higher X.X% results, edged we segment business themes economic discuss review to backdrop standards, of from we've XX-year of seen the of past The it's the up continued quarter to across some area, historic X%
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especially isn't scoring Although Acima exact, average, higher read-through segment. our more seeing we the in are applicants recent trends on applicants of and
is adapt environment to to focus evaluating profitable Our on team new and reasonable adjusting to data achieve levels our constantly to sustainable continuing growth. analytics earnings underwriting dynamic while and risk this
this for economic evolves, cycle As our well-positioned success. business be particular we will believe continued
cycle business time, who's long the for decades this is all someone As and proposition variations been I around I've that industry our with value our know not in durable, business it's X of a resilient. over tonight, seen and company, and this only
shop. their or that enables ownership and us to to and predictable of And payments and to ready where as leases fit terminate without warrant. reinstate early a even to when the penalties both customer segments the save any time exercise omnichannel terminate just or continue to with renew across differentiated low flexibility that truly their we're they're our and circumstances budget short-term contract model purchase the an the main appreciate the consumers meet acquire at within Our to option
selection our online products, teams. presence testing values and we're neighborhood-based seeing the convenience Our store offers and a like the building key offers in-store experience out while relationship with
and significant retail our our all customers. of deploy business and and their operations functions improvements cost and management, channels our minimize in marketing team underwriting, company delivering and in while leasing can retail partners Acima efficiency puts are and across stores expert staff our centralized units can to support maximize partners, we model, For these value conversions. matter to supporting which the subject where our in account we optimize members drive Supporting our
partner and locations. business to manage and at for years and XX now, environment Importantly, liquidity and we critical the are headwinds over company for the position success tested been uncertain these, improves. as have scale and scale times like X,XXX-plus stores built both with And has long-term through the the model XX,XXX-plus our branded our
that returns down. across business trade generally the an business economic algorithm with opportunities macroeconomic counterbalanced cycles. cycles profitable So through is supports our increase Leaner
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through more quarter, walk record for the of new as of addition our by the factors; achieved last the in highest merchant GMV XXXX, was in ever improvement retailers, productivity has of lift of our achieved new with segment transacting powered quarter on per network Acima, Other Slide location. financial means which a partners let's growth consecutive range X. results stimulus the primary recorded. as to our in second from Starting most with the in recent Now quarter period that Acima existing an third this we XX% GMV the behind Similar XX% details X this than leases quarter. well we're we
development signed up business year-over-year. merchant net team In terms new of nameplates nearly new partners, has XX% Acima's
when current providing able drives retailers' message to And theme data-driven do promotions, focus to retail at time, merchants initiatives, particular their deliver enrolling and Now effectively experience on for new we consumers top a our outcomes like right the by marketing top-tier with customers specialty. partners, marketing our which service to tailored line. business the on committed collaborating retail better for better we're right equally the more with provides campaigns or to we're in our them
the see efforts, in was merchants year is period. count the active why these XX% which ago up location value current against Our nearly
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by to ago the the of the noted some were improved GMV. a time. flow-through earlier, quarter and basis Acima second high at pleased The that experience quarter as to by margin points that talked from margins compared higher driven adjusted quarter about second as XX.X% atypically As that begun the we backdrop year I'm XXX in at to first share we EBITDA EBITDA macro our with to
land next area, to the to is performance curve right line segment. expecting quarters our EBITDA low of expectations Acima of couple which for So the in mid-teens margins the follow and this at with of in current
lean profitable that in inherent a running to growth. committed virtual confident I'm business has to Acima deliver realizes at and can this continue scale the platform we team model, Our sustainable
that positive last period. elevated ago through volume Now year second same-store continues we revenue elements revenue profit points a positive of of the sales sales to year-over-year, year-over-year, portfolio lift.
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Rent-A-Center's was and similar deliver with growth it X% investments. a
expect the consolidation benefits store the past strategies in expenses half our the the and normalize We of efficiency. to operating back management optimize actively working quarter, with efforts team labor on is this fleet especially to year,
rate second account from management down at last on a in X.X% the quarter, Rent-A-Center lease emphasis for continued quarter year. points the charge-off of underwriting basis and resulted XX Our of
potential which future stable points rate, quarter, is charge-offs XX basis early down an due sequentially. X.X% of the at indicator past lease for Our was
the in an that Although customers' at along management has segments of and same-store account with margin our well successfully the near tracking our anticipated element customer achieving reduce our we're term achieve the the will mid-teens that along in delinquency financial inflation connectivity results rates maintain the growth important and target, efforts full-year confidence target we've customer growth while Acima will our to Both GMV meeting on sales the ranges.
Overall, quarter. merchants' economic that expectations, to the very us charge-off which operating early and over with base pleased pace results seen continue at in give help abated, second Rent-A-Center's targets. at us be Rent-A-Center. recently our EBITDA updated we're and results, already to to met momentum time, medium These XX% enabled July of and pressure increased our us with towards
and the iFIT market additions of and year-over-year, At X, the Slide outlined mattress, merchant with Purple the on believe we Acima, includes So let's partners status we for whose review brands such as nearly we share to a XX% strategic NordicTrack continue grow priorities family with in increase ProForm. year. our of
XX Furniture we to U.S., lineup retailers yet haven't in onboarded poised Slumberland the top the that from Levin fully seen vertical the in while We merchants category furniture does. we believe is it recover and [indiscernible] furniture.
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of XX as the In deliver have fact, strong important we teams will talent merchant add categories and that provide for approximately collectively network retailer it's X% and number largest X of furniture our XX%. the retail the total we partners the strongly of to furniture second to help sizable sustainable merchant U.S. maintaining X and diversification remains foundation now retailers in quarter, were stable technology about And in future. regional a top presence Acima's largest and that predictable and represented among partner with national the a addition accounts, product a top to In base of to of and the We categories.
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is off to filed it Now Court leasing brought Fahmi, before seeking to I'd this last address to in against the halt serve intend like action the industry. we the Federal limited Texas I hand lawsuit expand attempt long-standing Acima the CFPB on of its We briefly week. by our governing industry, federal to you authority, regulatory law is governing and the CFPB's what lease which framework unauthorized comprehensive state
an that been to began an Acima. investigation the know, you investigation, Upbound's enforcement CFPB CFPB the previously imminent Acima action XXXX.
After threatened we of against protracted company this conducting of in that prior the As acquisition disclosed has
cooperation, filing subject defend addressing believe make alleging enforcement ultimately that our violations initiated already we against with informed Acima that Now CFPB XX, engaging I not and expected, July Then Texas clear Utah We lawsuit an prepared our was consumer in Despite accept the concluded after them. claims action on filed shopping of ourselves Acima terms. CFPB lawsuit as the reluctantly. to same this against vigorously pending federal We our and to settle was long-standing subsequently Acima contest the CFPB want by matter. various in all a strongly is statutes. protection financial lawsuit will
comment because able would though, to So on the further as any expect, you matter. we're pending litigation, of this not
finish across turn energy, working all I the over across So their help my the business section, carrying are I year my projects corners know and as exceptional deliver and they're us am from teammates second half on I to to up about excited dedication. just like of on first thank half collaborating with of Whether the priorities, the I'll their wrap our as or the to enthusiasm call as beyond. the for that, co-workers I'd momentum who driving a enterprise-wide year.
And Fahmi. the the our force segment-specific strong their
