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Rent-A-Center announced results for quarter ended June 30, 2020

Christian Fernsby ▼ | August 6, 2020
On a consolidated basis, total revenues increased in the second quarter of 2020 to $683.7 million compared to the same period in 2019.
Rent-A-Center
Results   Rent-A-Center
On a GAAP basis, the Company generated $53.6 million in operating profit in the second quarter of 2020 compared to $129.8 million in the second quarter of 2019.

Topics: Rent-A-Center

Operating profit in the second quarter of 2019 included approximately $80 million of net proceeds from the settlement in respect of termination of the merger agreement with Vintage Rodeo Parent, LLC and Vintage Rodeo Acquisition, Inc.

Net earnings were $38.5 million in the second quarter of 2020.

Second quarter performance significantly exceeded expectations," said Mitch Fadel, Chief Executive Officer.

”We called on every part of the organization to meet the immediate challenges brought by the pandemic, and our agility, speed, and execution paid off."


 

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