FCFS News & Events

Reports Q1 revenue $1.05B, consensus $1.01B. CEO Rick Wessel stated, "FirstCash 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".

FirstCash stated that "the outlook for the remainder of 2026 continues to be highly positive. The company is raising its expectations for year-over-year growth in pawn segment revenues, driven by the continued growth in same-store pawn receivables and better than anticipated revenue contributions from stores acquired in 2025. Pawn operations are expected to remain the primary earnings driver as the Company expects segment income from the combined U.S., Latin America and U.K. pawn segments to be almost 90% of total net revenue and segment level pre-tax income for 2026... the company now expects mid-teen revenue growth from U.S. pawn fees in 2026 compared to the previous forecast for low double-digit growth. Expects retail merchandise sales to grow 10% or more in 2026 and will continue to target retail margins at approximately 42%. Previous guidance was for high single digit retail sales growth. Additionally, the company continues to anticipate improved year-over-year scrap jewelry sales and margins. Store operating expenses are projected to grow at a high single-digit range in 2026, primarily due to increased variable compensation expense and the significant 2025 store additions..."