FirstCash reports Q1 adjusted EPS $2.69, consensus $2.39

Reports Q1 revenue $1.05B, consensus $1.01B. CEO Rick Wessel stated, “FirstCash (FCFS) is pleased to report its Q1 results highlighted by record revenue, net income and EPS. Consolidated revenues again exceeded $1B for the quarter, representing an increase of 26% over the first quarter of last year. Resulting net income and adjusted EBITDA both increased 29%, while fully diluted EPS increased an impressive 30%. Our tremendous Q1 results were driven by exceptionally strong performances in each of the three pawn segments. Pawn revenues in the U.S. were up 16% while Latin America was up 40% on a U.S. dollar basis and 23% in local currency…Most notably, same-store pawn receivables at the end of Q1 increased an unprecedented 19% in the U.S., 30% in Latin America and 29% in the U.K. These trends point to significant further revenue momentum as we begin the second quarter, and accordingly, we are raising full year 2026 revenue guidance for each of our pawn segments. Additionally, the strong Q1 operating results generated significant operating cash flows which we utilized to further invest in the business while also reducing our leverage ratio, repurchasing stock and paying the quarterly cash dividend”.