FirstCash Q3 adj profit beats on strong pawn demand
Overview
Pawn store operator's Q3 revenue rose 18% yr/yr, beating analyst expectations
Adjusted EPS for Q3 beat analyst expectations
Company raised quarterly dividend by 10% to $0.46 per share
Outlook
FirstCash expects double-digit revenue growth and margin expansion from pawn operations in Q4 2026
Company expects US pawn receivables and fees to grow low-double-digits in Q4 2026
Retail POS Payment Solutions net revenue expected to fall 15%-20% in Q4 2026
Result Drivers
STRONG PAWN DEMAND - Co said record pawn receivables and double-digit growth in pawn fees across all segments drove results
MERCHANDISE SALES - Co said robust merchandise sales, strong margins and inventory turnover contributed to Q3 performance
STORE EXPANSION - Co added 14 pawn stores in Q3, supporting growth in revenue and earnings
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $1.10 bln | $1.07 bln (4 Analysts) |
Q3 Adjusted EPS | Beat | $2.68 | $2.63 (4 Analysts) |
Q3 EPS | $2.33 | ||
Q3 Adjusted Net Income | Beat | $116.18 mln | $112.43 mln (4 Analysts) |
Q3 Net Income | $101.15 mln |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)