FirstCash Q3 adj profit beats on strong pawn demand

By Reuters News


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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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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