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Rent-A-Center Inc (RCII.O)

RCII.O on Nasdaq

10.94USD
24 May 2017
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Latest Key Developments (Source: Significant Developments)

Rent-A-Center says on March 2 Board designated Steven L. Pepper as lead independent director
Thursday, 9 Mar 2017 05:50pm EST 

Rent-A-Center Inc : On March 2 board designated Steven L. Pepper as lead independent director of board effective immediately - SEC filing . On March 7 company made a mandatory $141.9 million payment on term loans, as required by current credit agreement - SEC filing .Mark E. Speese, Chairman of Board and Interim CEO of co, assumed his position as Interim Ceo in January of this year.  Full Article

Rent-A-Center inc's U.S. same store sales down 11.5 pct
Wednesday, 1 Mar 2017 05:31pm EST 

Rent-a-center Inc : Rent-A-Center Inc - January core u.s. Same store sales down 11.5% . January same store sales up 2.5pct for acceptance now . Also announced that it is modifying methodology it uses to calculate same store sales, beginning in 2017 .Rent-A-Center - change in methodology favorably impacted core U.S., acceptance now segments in Jan. 2017 same store sales by about 50 basis points.  Full Article

Engaged Capital Llc purchased Rent-A-Center shares
Monday, 30 Jan 2017 08:45am EST 

Rent-A-Center Inc : Engaged Capital Llc - purchased rent-a-center shares based on belief that the shares, when purchased, were undervalued . Engaged Capital Llc - reports 9.9 percent stake in rent-a-center as of January 19, 2017 .Engaged Capital - have engaged, and intend to continue to engage, in communications with rent-a-center regarding means to create stockholder value.  Full Article

Classic Fund Management Aktiengesellschaft reports a 5.97 pct passive stake in Rent-A-Center Inc as of Dec 31, 2016
Monday, 23 Jan 2017 09:51am EST 

Rent-A-Center Inc :Classic Fund Management Aktiengesellschaft reports a 5.97 percent passive stake in Rent-A-Center Inc as of Dec 31, 2016 - SEC filing.  Full Article

Rent-A-Center Inc sees core U.S. Same store sales for three months ended Dec. 31, 2016 to be down about 14%
Wednesday, 18 Jan 2017 04:00pm EST 

Rent-a-center Inc : Rent-A-Center, inc. Announces selected preliminary fourth quarter 2016 financial information . Rent-A-Center inc - estimates core u.s. Same store sales for three months ended december 31, 2016 to be down approximately 14% . Rent-A-Center inc - company estimates core u.s. Same store sales for three months ended december 31, 2016 to be down approximately 14% . Rent-A-Center inc - company estimates core u.s. Same store sales for three months ended december 31, 2016 to be down approximately 14% . Rent-A-Center inc - estimates q4 2016 diluted losses per share on both a gaap basis and excluding special items are expected to be between $0.20 and $0.30 . Rent-A-Center inc - sees acceptance now same store sales to be up 1-2% for three months ended december 31, 2016 .Rent-A-Center inc - "company was heavily promotional which also impacted quarter".  Full Article

Rent-A-Center names Mark Speese as interim CEO
Monday, 9 Jan 2017 08:01pm EST 

Rent-a-center Inc : Rent-A-Center, Inc announces management transition . Says Mark E. Speese appointed interim CEO . Announced resignation of Robert D. Davis as chief executive officer and director effective immediately .Says board of directors announced that it will conduct a search process to find a highly qualified candidate for CEO.  Full Article

Rent-A-Center declares cash dividend
Thursday, 8 Dec 2016 04:10pm EST 

Rent-A-Center Inc :Board of directors has declared a quarterly cash dividend of $0.08 per share on its common stock.  Full Article

Rent-A-Center names Maureen Short as interim CFO
Monday, 5 Dec 2016 05:13pm EST 

Rent-a-center Inc : Guy J. Constant resigned his position as CFO of Rent-A-Center Inc effective as of Dec. 2, 2016 .Maureen Short will serve as interim CFO, effectively immediately.  Full Article

Rent-A-Center Inc qtrly adjusted earnings per share $0.41
Wednesday, 27 Jul 2016 04:15pm EDT 

Rent-a-center Inc : Sees 2016 acceptance now revenue of $805 million to $835 million . Qtrly core U.S. Q2 revenues of $530.6 million decreased 10.6 percent year over year . Q2 earnings per share $0.19 . Sees FY 2016 non-GAAP earnings per share $1.65 to $1.85 . Q2 revenue $749.6 million versus i/b/e/s view $782.1 million . Q2 earnings per share view $0.49 -- Thomson Reuters I/B/E/S . Sees 2016 core revenue down 8.5% to 11.5% and core same store sales down 5% to 8% . qtrly core u.s. Revenue decreased by 10.6 percent . qtrly core u.s. Same store sales decreased by 6.7 percent . point of sale implementation negatively impacted core revenue in q2, reduced portfolio making it necessary to revise outlook for year . Fy2016 earnings per share view $2.02, revenue view $3.17 billion -- Thomson Reuters I/B/E/S .Qtrly adjusted earnings per share $0.41.  Full Article

Rent-A-Center Inc Declares Cash Dividend
Thursday, 10 Dec 2015 06:49pm EST 

Rent-A-Center, Inc:declared a quarterly cash dividend of $0.24 per share on its common stock.The dividend will be payable on January 21, 2016, to common stockholders of record as of the close of business on January 4, 2016.  Full Article

More From Around the Web

Rent-A-Center says Engaged Capital rejects two board seats

Rent-A-Center said on Monday that activist investor Engaged Capital LLC, which has been pushing the furniture retailer to sell itself, rejected two board seats offered by the company.