FirstCash reports Q3 adjusted EPS $1.67, consensus $1.62

Reports Q3 revenue $837.32M, consensus $843.94M. CEO Rick Wessel stated, “FirstCash (FCFS) achieved record revenue and earnings results for both Q3 and year-to-date periods. Impressive third quarter achievements also included a fifth consecutive quarter of double-digit growth in same-store pawn receivables for the U.S. pawn segment. The LatAm pawn segment also saw continued growth in local currency pawn revenues and receivables, while AFF recorded a 14% increase in third quarter gross origination volumes driven primarily by 25% growth in new merchant locations. Expansion of retail pawn locations continues to be robust as well, with the opening of 16 new pawn stores in Q3 and the combined opening and acquisition of 83 total stores during the first nine months of this year. Growth in the number of stores and earning assets, coupled with consistent shareholder returns through dividends and share repurchases, continue to be funded primarily through operating cash flows.”