FirstCash, Inc. Provides Earnings Guidance for the Full Year of 2020; Plans to Open Approximately 90 to 100 New Full-Service Pawn Stores in 2020
January 29, 2020 at 01:22 pm EST
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FirstCash, Inc. provided earnings guidance for the full year of 2020. The Company is initiating full-year 2020 guidance for diluted earnings per share to be in a range of $4.05 to $4.25. Estimated 2020 diluted earnings per share represents an increase of 6% to 12% over the prior-year GAAP basis diluted earnings per share of $3.81.
The company plans to open approximately 90 to 100 new full-service pawn stores in 2020 in Latin America, which includes openings in Mexico, Guatemala and Colombia.
FirstCash Holdings, Inc. is an operator of pawn stores in the United States and Latin America. It is a provider of technology-driven, retail point-of-sale (POS) payment solutions focused on serving cash and credit-constrained consumers in the U.S. and Puerto Rico. It operates two business lines: pawn operations and retail POS payment solutions, which are organized into three reportable segments. The U.S. pawn segment consists of pawn operations in 29 U.S. states and the District of Columbia, while the Latin America pawn segment consists of pawn operations in Mexico, Guatemala, Colombia and El Salvador. The retail POS payment solutions segment consists of the operations of American First Finance, LLC (AFF) in all 50 states in the U.S., the District of Columbia and Puerto Rico. Its pawn stores buy and sell a variety of jewelry, electronics, appliances, sporting goods, musical instruments and other merchandise, and make small non-recourse pawn loans secured by pledged personal property.
FIRSTCASH HOLDINGS, INC. 
