TITLE

Rent-Way purchase spurs RAC 2Q sales

PUB. DATE
August 2007
SOURCE
Furniture/Today;8/20/2007, Vol. 31 Issue 49, p70
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of rent-to-own store operator Rent-A-Center Inc. during the second quarter of 2007 in Texas. The company's sales were 24.1% ahead of the comparable period in 2006, due to its acquisition of rival operator Rent-Way. Its net income was $41.3 million or 58 cents per share. Its stock price dropped by about 19% because Rent-A-Center also reduced its earnings per share estimate for 2007 to a range of $2.06 to $2.14.
ACCESSION #
26341044

 

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