Bitcoin price today: slips below $113k, near 6-wk low despite Fed cut bets
FORT WORTH - FirstCash Holdings, Inc. (NASDAQ:FCFS) reported second-quarter adjusted earnings that exceeded analyst expectations, driven by robust pawn loan demand and improved performance in its retail point-of-sale payment solutions segment.
The pawn store operator posted adjusted earnings of $1.79 per share, beating the analyst estimate of $1.67, while revenue came in at $830.6 million versus the consensus estimate of $822.6 million. Same-store pawn receivables increased 13% in both the U.S. and Latin America, reflecting strong consumer demand for pawn loans.
"FirstCash is pleased to report outstanding earnings results for the second quarter and year-to-date periods," said Rick Wessel, chief executive officer. "Pawn demand remains extremely robust, with local currency same-store pawn receivables up 13% in both the U.S. and Latin America, driving strong earnings growth for both segments."
The company’s board of directors approved an 11% increase in its quarterly dividend to $0.42 per share, reflecting confidence in its business outlook and cash flow generation.
The retail POS payment solutions segment (AFF) posted a 46% increase in pre-tax operating income compared to the prior-year quarter, despite the impact of merchant partner bankruptcies in late 2024. Operating expenses in this segment decreased 31% year-over-year.
FirstCash expects to complete its previously announced acquisition of H&T Group (LON:HTGR) plc, the largest pawnbroker in the United Kingdom (TADAWUL:4280) with 285 locations, by the end of the third quarter. This will mark FirstCash’s first operations in Europe.
For the full year 2025, the company raised its outlook for pawn fee growth to 10-12% from the previous expectation of 9-11%, and now expects retail sales to grow in the high single-digit range versus prior expectations of mid-single digits.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.