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FORT WORTH, Texas - FirstCash Holdings, Inc. (NASDAQ: FCFS) reported fourth quarter adjusted earnings that beat analyst expectations, while revenue came in below estimates.
The pawn store and retail point-of-sale payment solutions provider saw its stock rise 0.32% following the release.
The company posted adjusted earnings per share of $2.12, exceeding the analyst consensus of $2.02 by $0.10. Revenue for the quarter was $883.81 million, falling short of estimates of $898.74 million.
FirstCash’s U.S. pawn segment drove strong results, with segment pre-tax operating income increasing 14% year-over-year to $111.8 million. Same-store pawn receivables in the U.S. grew 12% compared to the prior year.
"FirstCash posted record fourth quarter and full year revenues and earnings primarily fueled by exceptionally strong pawn operating results," said Rick Wessel, CEO of FirstCash.
The company added 16 pawn store locations in the fourth quarter, including 10 acquired stores and 6 new store openings. For the full year 2024, FirstCash opened or acquired 99 pawn stores, bringing its total store count to 3,026 locations.
While the retail POS payment solutions segment saw a 10% decline in pre-tax operating income to $39 million, transaction volumes increased 4% year-over-year.
FirstCash generated $130.6 million in adjusted free cash flow for the quarter. The company’s board declared a quarterly cash dividend of $0.38 per share.
For 2025, FirstCash expects further growth in its pawn store base and continued expansion of its retail POS payment solutions merchant network.
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