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FirstCash (FCFS) delivered earnings and revenue surprises of 9.24% and 0.27%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
FirstCash Holdings, Inc. is a leading operator of pawn stores in the U.S. and Latin America. The pawn business is highly counter-cyclical and typically expands in tough economic environments.
FirstCash reported somewhat mixed Q2 results, as strong results in the pawn business are being offset by weaker results in the recently-acquired AFF point-of-sale/lease-to-own financing business. Higher inflation is driving increased demand for pawn loans, with the Latin American operations continuing to lag the U.S. operations but still improving.
FirstCash (FCFS) is well positioned to outperform the market, as it exhibits above-average growth in financials.
FirstCash (FCFS) delivered earnings and revenue surprises of 7.27% and 4.97%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?