EZCORP Reports 30% Earnings Growth and Increases Annual Guidance
AUSTIN, Texas, April 22 /PRNewswire-FirstCall/ -- EZCORP, Inc. (Nasdaq: EZPW), a leading pawn store operator and provider of specialty consumer financial services, today announced results for its second fiscal quarter ended March 31, 2010.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090713/EZCORPLOGO)
EZCORP's net income for the quarter increased 30% to $23.8 million ($0.48 per share) compared to $18.3 million ($0.37 per share) for the second quarter of fiscal 2009. Total revenues for the quarter increased 13% over the prior year period to $176.6 million compared to $156.3 million for the second quarter of 2009.
Consolidated operating income improved 23% to $34.1 million (31% of net revenues) from $27.7 million (29% of net revenues) in the prior year quarter. The Company's U.S. Pawn operations had an improvement in store level operating income of $8.0 million; the EZMONEY operations improved $3.3 million; and the Empeno Facil Mexico Pawn segment improved $0.1 million. Offsetting these increases in store level operating income was higher administrative costs and depreciation and a small loss on disposal of assets.
EZCORP's net income for the six-month period ended March 31, 2010 increased 49% to $49.5 million ($1.00 per share) compared to $33.1 million ($0.71 per share) for the prior year six-month period. Operating income for the six months improved 47% to $73.0 million (33% of net revenues) compared to $49.7 million (29% of net revenues) for the prior year six-month period.
Commenting on these results, Chief Executive Officer, Joe Rotunda, stated, "This was another outstanding quarter for EZCORP, our 31st consecutive quarter of year over year earnings growth, and clearly demonstrates our ability to consistently enhance earnings and shareholder value. Coupled with this strong financial performance is our expanding worldwide presence, as seen through our continued store growth in Mexico and Canada, as well as our strategic affiliations with Albemarle & Bond in the United Kingdom and Cash Converters in Australia."
"During the quarter, we saw strong and accelerating demand for our loan products. Our results demonstrate how EZCORP's expanded assortment of cash solutions provides a lower-cost, more convenient alternative to products offered by traditional financial institutions. With strong ending loan portfolios, the Company is well positioned for a solid fiscal year. We remain on track to open 40 to 50 Empeno Facil pawn locations in Mexico and 35 to 45 CASHMAX payday loan stores in Canada, as well as six domestic pawn stores by fiscal year-end," Rotunda added.
"For the June quarter, we expect earnings per share of approximately $0.39, compared to $0.29 for the same period a year ago. For our 2010 fiscal year ending September 30th, given our continued strong growth and outlook, we are raising our earnings guidance to approximately $1.91 per share, compared to $1.42 per share for fiscal 2009," Rotunda concluded.
You are invited to listen to a conference call discussing these results on April 22, 2010 at 3:30 pm Central Time. The conference call can be accessed over the Internet or replayed at your convenience at the following address. http://www.videonewswire.com/event.asp?id=68063
ABOUT EZCORP
EZCORP is a leading pawn store operator and provider of specialty consumer financial services. It provides collateralized non-recourse loans, commonly known as pawn loans, and a variety of short-term consumer loans, including payday loans, installment loans and auto title loans, or fee-based credit services to customers seeking loans. At its pawn stores, the Company also sells second-hand merchandise, primarily collateral forfeited from its pawn lending operations.
At March 31, 2010, EZCORP operated 450 pawn stores in the U.S. and Mexico and 482 short-term consumer loan stores in the U.S. and Canada. The Company also has significant investments in Albemarle & Bond Holdings PLC (ABM.L), one of the U.K.'s largest pawnbroking businesses with over 120 stores, and Cash Converters International Limited (CCV.L and CCV.AUS), which franchises and operates a worldwide network of over 500 financial services and second-hand retail stores.
Special Note Regarding Forward-Looking Statements
This announcement contains certain forward-looking statements regarding the Company's expected operating and financial performance for future periods, including new store expansion and expected future earnings. These statements are based on the Company's current expectations. Actual results for future periods may differ materially from those expressed or implied by these forward-looking statements due to a number of uncertainties and other factors, including changing market conditions in the overall economy and the industry, consumer demand for the Company's services and merchandise, actions of third parties who offer services and products in the Company's locations and changes in the regulatory environment. For a discussion of these and other factors affecting the Company's business and prospects, see the Company's annual, quarterly and other reports filed with the Securities and Exchange Commission.
For additional information, contact Brad Wolfe at (512) 314-2289.
EZCORP, Inc. |
|||||||||
Highlights of Consolidated Statements of Operations (Unaudited) |
|||||||||
(in thousands, except per share data and percents) |
|||||||||
Three Months Ended March 31, |
Increase |
Percent |
|||||||
2010 |
2009 |
(Decrease) |
Change |
||||||
1 |
Revenues: |
||||||||
2 |
Merchandise sales |
$ 63,083 |
$ 61,056 |
$ 2,027 |
3.3 |
||||
3 |
Jewelry scrapping sales |
36,228 |
27,957 |
8,271 |
29.6 |
||||
4 |
Pawn service charges |
38,306 |
33,516 |
4,790 |
14.3 |
||||
5 |
Signature loan fees |
31,642 |
31,594 |
48 |
0.2 |
||||
6 |
Auto title loan fees |
3,956 |
415 |
3,541 |
853.3 |
||||
7 |
Other |
3,369 |
1,728 |
1,641 |
95.0 |
||||
8 |
Total revenues |
176,584 |
156,266 |
20,318 |
13.0 |
||||
9 |
Cost of goods sold: |
||||||||
10 |
Cost of merchandise sales |
39,081 |
38,125 |
956 |
2.5 |
||||
11 |
Cost of jewelry scrapping sales |
23,081 |
18,301 |
4,780 |
26.1 |
||||
12 |
Total cost of goods sold |
62,162 |
56,426 |
5,736 |
10.2 |
||||
13 |
Bad debt: |
||||||||
14 |
Signature loan bad debt |
4,397 |
5,072 |
(675) |
(13.3) |
||||
15 |
Auto title loan bad debt |
320 |
42 |
278 |
661.9 |
||||
16 |
Total bad debt |
4,717 |
5,114 |
(397) |
(7.8) |
||||
17 |
Net revenue |
109,705 |
94,726 |
14,979 |
15.8 |
||||
18 |
|||||||||
19 |
Operations expense |
58,205 |
54,628 |
3,577 |
6.5 |
||||
20 |
Administrative expense |
13,483 |
9,794 |
3,689 |
37.7 |
||||
21 |
Depreciation and amortization |
3,573 |
3,151 |
422 |
13.4 |
||||
22 |
(Gain) / Loss on sale/disposal of assets |
356 |
(537) |
893 |
(166.3) |
||||
23 |
Operating income |
34,088 |
27,690 |
6,398 |
23.1 |
||||
24 |
|||||||||
25 |
Interest income |
(8) |
(72) |
64 |
(88.9) |
||||
26 |
Interest expense |
395 |
471 |
(76) |
(16.1) |
||||
27 |
Equity in net income of unconsolidated affiliates |
(3,306) |
(1,371) |
(1,935) |
141.1 |
||||
28 |
Other |
12 |
2 |
10 |
500.0 |
||||
29 |
Income before income taxes |
36,995 |
28,660 |
8,335 |
29.1 |
||||
30 |
Income tax expense |
13,222 |
10,340 |
2,882 |
27.9 |
||||
31 |
Net income |
$ 23,773 |
$ 18,320 |
$ 5,453 |
29.8 |
||||
32 |
|||||||||
33 |
Net income per share, diluted |
$ 0.48 |
$ 0.37 |
$ 0.11 |
29.0 |
||||
34 |
Weighted average shares, diluted |
49,558 |
49,272 |
||||||
35 |
|||||||||
36 |
Amount or |
||||||||
37 |
Percentage Point (ppt) |
||||||||
38 |
OTHER DATA: |
Increase (Decrease) |
|||||||
39 |
Gross margin on merchandise sales (lines (2-10)/2) |
38.0% |
37.6% |
0.4 |
ppts |
||||
40 |
Gross margin on jewelry scrapping sales (lines (3-11)/3) |
36.3% |
34.5% |
1.8 |
ppts |
||||
41 |
Gross margin on total sales (lines ((2+3)-12)/(2+3)) |
37.4% |
36.6% |
0.8 |
ppts |
||||
42 |
|||||||||
43 |
Signature loan bad debt as percent of fees (lines 14/5) |
13.9% |
16.1% |
(2.2) |
ppts |
||||
44 |
Auto title loan bad debt as percent of fees (lines 15/6) |
8.1% |
10.1% |
(2.0) |
ppts |
||||
45 |
|||||||||
46 |
Annualized inventory turnover |
4.2 |
3.8 |
0.4 |
|||||
47 |
|||||||||
48 |
Operating income margin (lines 23/17) |
31.1% |
29.2% |
1.9 |
ppts |
||||
EZCORP, Inc. |
|||||||||
Highlights of Consolidated Statements of Operations (Unaudited) |
|||||||||
(in thousands, except per share data and percents) |
|||||||||
Six Months Ended March 31, |
Increase |
Percent |
|||||||
2010 |
2009 |
(Decrease) |
Change |
||||||
1 |
Revenues: |
||||||||
2 |
Merchandise sales |
$ 125,559 |
$ 105,851 |
$ 19,708 |
18.6 |
||||
3 |
Jewelry scrapping sales |
73,670 |
47,742 |
25,928 |
54.3 |
||||
4 |
Pawn service charges |
79,103 |
59,897 |
19,206 |
32.1 |
||||
5 |
Signature loan fees |
70,320 |
67,594 |
2,726 |
4.0 |
||||
6 |
Auto title loan fees |
7,058 |
636 |
6,422 |
1009.7 |
||||
7 |
Other |
5,625 |
3,161 |
2,464 |
78.0 |
||||
8 |
Total revenues |
361,335 |
284,881 |
76,454 |
26.8 |
||||
9 |
Cost of goods sold: |
||||||||
10 |
Cost of merchandise sales |
78,346 |
65,291 |
13,055 |
20.0 |
||||
11 |
Cost of jewelry scrapping sales |
46,386 |
31,560 |
14,826 |
47.0 |
||||
12 |
Total cost of goods sold |
124,732 |
96,851 |
27,881 |
28.8 |
||||
13 |
Bad debt: |
||||||||
14 |
Signature loan bad debt |
13,187 |
14,556 |
(1,369) |
(9.4) |
||||
15 |
Auto title loan bad debt |
780 |
49 |
731 |
1491.8 |
||||
16 |
Total bad debt |
13,967 |
14,605 |
(638) |
(4.4) |
||||
17 |
Net revenue |
222,636 |
173,425 |
49,211 |
28.4 |
||||
18 |
|||||||||
19 |
Operations expense |
116,386 |
98,122 |
18,264 |
18.6 |
||||
20 |
Administrative expense |
25,780 |
20,205 |
5,575 |
27.6 |
||||
21 |
Depreciation and amortization |
6,929 |
6,217 |
712 |
11.5 |
||||
22 |
(Gain) / Loss on sale/disposal of assets |
567 |
(821) |
1,388 |
(169.1) |
||||
23 |
Operating income |
72,974 |
49,702 |
23,272 |
46.8 |
||||
24 |
|||||||||
25 |
Interest income |
(16) |
(198) |
182 |
(91.9) |
||||
26 |
Interest expense |
760 |
636 |
124 |
19.5 |
||||
27 |
Equity in net income of unconsolidated affiliates |
(4,589) |
(2,312) |
(2,277) |
98.5 |
||||
28 |
Other |
(3) |
27 |
(30) |
(111.1) |
||||
29 |
Income before income taxes |
76,822 |
51,549 |
25,273 |
49.0 |
||||
30 |
Income tax expense |
27,342 |
18,401 |
8,941 |
48.6 |
||||
31 |
Net income |
$ 49,480 |
$ 33,148 |
$ 16,332 |
49.3 |
||||
32 |
|||||||||
33 |
Net income per share, diluted |
$ 1.00 |
$ 0.71 |
$ 0.29 |
41.6 |
||||
34 |
Weighted average shares, diluted |
49,486 |
46,939 |
||||||
35 |
|||||||||
36 |
Amount or |
||||||||
37 |
Percentage Point (ppt) |
||||||||
38 |
OTHER DATA: |
Increase (Decrease) |
|||||||
39 |
Gross margin on merchandise sales (lines (2-10)/2) |
37.6% |
38.3% |
(0.7) |
ppts |
||||
40 |
Gross margin on jewelry scrapping sales (lines (3-11)/3) |
37.0% |
33.9% |
3.1 |
ppts |
||||
41 |
Gross margin on total sales (lines ((2+3)-12)/(2+3)) |
37.4% |
36.9% |
0.5 |
ppts |
||||
42 |
|||||||||
43 |
Signature loan bad debt as percent of fees (lines 14/5) |
18.8% |
21.5% |
(2.7) |
ppts |
||||
44 |
Auto title loan bad debt as percent of fees (lines 15/6) |
11.1% |
7.7% |
3.4 |
ppts |
||||
45 |
|||||||||
46 |
Annualized inventory turnover |
3.9 |
3.6 |
0.3 |
|||||
47 |
|||||||||
48 |
Operating income margin (lines 23/17) |
32.8% |
28.7% |
4.1 |
ppts |
||||
EZCORP, Inc. |
|||||
Highlights of Consolidated Balance Sheets (Unaudited) |
|||||
(in thousands, except per share data and store counts) |
|||||
March 31, |
|||||
2010 |
2009 |
||||
1 |
Assets: |
||||
2 |
Current assets: |
||||
3 |
Cash and cash equivalents |
$ 51,192 |
$ 55,244 |
||
4 |
Pawn loans |
89,040 |
79,359 |
||
5 |
Signature loans, net |
7,287 |
6,420 |
||
6 |
Auto title loans, net |
1,939 |
874 |
||
7 |
Pawn service charges receivable, net |
16,353 |
14,551 |
||
8 |
Signature loan fees receivable, net |
4,607 |
4,417 |
||
9 |
Auto title loan fees receivable, net |
850 |
72 |
||
10 |
Inventory, net |
56,403 |
56,025 |
||
11 |
Deferred tax asset |
15,673 |
15,826 |
||
12 |
Federal income taxes receivable |
13,414 |
495 |
||
13 |
Prepaid expenses and other assets |
15,625 |
13,574 |
||
14 |
Total current assets |
272,383 |
246,857 |
||
15 |
|||||
16 |
Investments in unconsolidated affiliates |
90,854 |
34,725 |
||
17 |
Property and equipment, net |
54,044 |
48,206 |
||
18 |
Deferred tax asset, non-current |
5,318 |
8,452 |
||
19 |
Goodwill |
101,456 |
99,008 |
||
20 |
Other assets, net |
22,223 |
17,533 |
||
21 |
Total assets |
$ 546,278 |
$ 454,781 |
||
22 |
Liabilities and stockholders' equity: |
||||
23 |
Current liabilities: |
||||
24 |
Current maturities of long-term debt |
$ 10,000 |
$ 10,000 |
||
25 |
Accounts payable and other accrued expenses |
38,592 |
30,457 |
||
26 |
Customer layaway deposits |
4,487 |
4,345 |
||
27 |
Total current liabilities |
53,079 |
44,802 |
||
28 |
|||||
29 |
Long-term debt, less current maturities |
20,000 |
30,000 |
||
30 |
Deferred gains and other long-term liabilities |
2,735 |
3,462 |
||
31 |
Total stockholders' equity |
470,464 |
376,517 |
||
32 |
Total liabilities and stockholders' equity |
$ 546,278 |
$ 454,781 |
||
33 |
|||||
34 |
Pawn loan balance per ending pawn store |
$ 198 |
$ 191 |
||
35 |
Inventory per ending pawn store |
$ 125 |
$ 135 |
||
36 |
Book value per share |
$ 9.57 |
$ 7.75 |
||
37 |
Tangible book value per share |
$ 7.18 |
$ 5.38 |
||
38 |
Pawn store count - end of period |
450 |
416 |
||
39 |
Signature loan store count - end of period |
482 |
482 |
||
40 |
Shares outstanding - end of period |
49,163 |
48,597 |
||
EZCORP, Inc. |
|||||||||||
Operating Segment Results (Unaudited) |
|||||||||||
(in thousands, except store counts and percents) |
|||||||||||
U.S. Pawn |
Empeno |
EZMONEY |
|||||||||
Three months ended March 31, 2010: |
Operations |
Facil |
Operations |
Consolidated |
|||||||
1 |
Revenues: |
||||||||||
2 |
Sales |
$ 94,364 |
$ 4,895 |
$ 52 |
$ 99,311 |
||||||
3 |
Pawn service charges |
36,256 |
2,050 |
- |
38,306 |
||||||
4 |
Signature loan fees |
434 |
- |
31,208 |
31,642 |
||||||
5 |
Auto title loan fees |
427 |
- |
3,529 |
3,956 |
||||||
6 |
Other |
3,243 |
126 |
- |
3,369 |
||||||
7 |
Total revenues |
134,724 |
7,071 |
34,789 |
176,584 |
||||||
8 |
|||||||||||
9 |
Cost of goods sold |
58,541 |
3,597 |
24 |
62,162 |
||||||
10 |
Signature loan bad debt |
101 |
- |
4,296 |
4,397 |
||||||
11 |
Auto title loan bad debt |
52 |
- |
268 |
320 |
||||||
12 |
Net revenues |
76,030 |
3,474 |
30,201 |
109,705 |
||||||
13 |
|||||||||||
14 |
Operations expense |
39,912 |
2,573 |
15,720 |
58,205 |
||||||
15 |
Store operating income |
$ 36,118 |
$ 901 |
$ 14,481 |
$ 51,500 |
||||||
16 |
|||||||||||
17 |
Gross margin on total sales (lines (2-9)/2) |
38.0% |
26.5% |
53.8% |
37.4% |
||||||
18 |
Annualized inventory turnover |
4.1 |
5.2 |
N/A |
4.2 |
||||||
19 |
Signature loan bad debt as percent of fees (lines 10/4) |
23.3% |
N/A |
13.8% |
13.9% |
||||||
20 |
Auto title loan bad debt as percent of fees (lines 11/5) |
12.2% |
N/A |
7.6% |
8.1% |
||||||
21 |
Operating income margin (lines 15/12) |
47.5% |
25.9% |
47.9% |
46.9% |
||||||
22 |
Pawn store count - end of period |
371 |
79 |
- |
450 |
||||||
23 |
Signature loan store count - end of period |
6 |
- |
476 |
482 |
||||||
24 |
|||||||||||
25 |
|||||||||||
26 |
Three months ended March 31, 2009: |
||||||||||
27 |
Revenues: |
||||||||||
28 |
Sales |
$ 86,809 |
$ 2,204 |
$ - |
$ 89,013 |
||||||
29 |
Pawn service charges |
32,265 |
1,251 |
- |
33,516 |
||||||
30 |
Signature loan fees |
557 |
- |
31,037 |
31,594 |
||||||
31 |
Auto title loan fees |
351 |
- |
64 |
415 |
||||||
32 |
Other |
1,728 |
- |
- |
1,728 |
||||||
33 |
Total revenues |
121,710 |
3,455 |
31,101 |
156,266 |
||||||
34 |
|||||||||||
35 |
Cost of goods sold |
55,071 |
1,355 |
- |
56,426 |
||||||
36 |
Signature loan bad debt |
108 |
- |
4,964 |
5,072 |
||||||
37 |
Auto title loan bad debt |
36 |
- |
6 |
42 |
||||||
38 |
Net revenues |
66,495 |
2,100 |
26,131 |
94,726 |
||||||
39 |
|||||||||||
40 |
Operations expense |
38,369 |
1,297 |
14,962 |
54,628 |
||||||
41 |
Store operating income |
$ 28,126 |
$ 803 |
$ 11,169 |
$ 40,098 |
||||||
42 |
|||||||||||
43 |
Gross margin on total sales (lines (28-35)/28) |
36.6% |
38.5% |
N/A |
36.6% |
||||||
44 |
Annualized inventory turnover |
3.8 |
2.1 |
N/A |
3.8 |
||||||
45 |
Signature loan bad debt as percent of fees (lines 36/30) |
19.4% |
N/A |
16.0% |
16.1% |
||||||
46 |
Auto title loan bad debt as percent of fees (lines 37/31) |
10.3% |
N/A |
9.4% |
10.1% |
||||||
47 |
Operating income margin (lines 41/38) |
42.3% |
38.2% |
42.7% |
42.3% |
||||||
48 |
Pawn store count - end of period |
371 |
45 |
- |
416 |
||||||
49 |
Signature loan store count - end of period |
6 |
- |
476 |
482 |
||||||
EZCORP, Inc. |
|||||||||||
Operating Segment Results (Unaudited) |
|||||||||||
(in thousands, except store counts and percents) |
|||||||||||
U.S. Pawn |
Empeno |
EZMONEY |
|||||||||
Six months ended March 31, 2010: |
Operations |
Facil |
Operations |
Consolidated |
|||||||
1 |
Revenues: |
||||||||||
2 |
Sales |
$ 190,398 |
$ 8,767 |
$ 64 |
$ 199,229 |
||||||
3 |
Pawn service charges |
75,197 |
3,906 |
- |
79,103 |
||||||
4 |
Signature loan fees |
987 |
- |
69,333 |
70,320 |
||||||
5 |
Auto title loan fees |
902 |
- |
6,156 |
7,058 |
||||||
6 |
Other |
5,410 |
215 |
- |
5,625 |
||||||
7 |
Total revenues |
272,894 |
12,888 |
75,553 |
361,335 |
||||||
8 |
|||||||||||
9 |
Cost of goods sold |
118,271 |
6,430 |
31 |
124,732 |
||||||
10 |
Signature loan bad debt |
287 |
- |
12,900 |
13,187 |
||||||
11 |
Auto title loan bad debt |
122 |
- |
658 |
780 |
||||||
12 |
Net revenues |
154,214 |
6,458 |
61,964 |
222,636 |
||||||
13 |
|||||||||||
14 |
Operations expense |
80,111 |
4,737 |
31,538 |
116,386 |
||||||
15 |
Store operating income |
$ 74,103 |
$ 1,721 |
$ 30,426 |
$ 106,250 |
||||||
16 |
|||||||||||
17 |
Gross margin on total sales (lines (2-9)/2) |
37.9% |
26.7% |
51.6% |
37.4% |
||||||
18 |
Annualized inventory turnover |
3.9 |
4.5 |
N/A |
3.9 |
||||||
19 |
Signature loan bad debt as percent of fees (lines 10/4) |
29.1% |
N/A |
18.6% |
18.8% |
||||||
20 |
Auto title loan bad debt as percent of fees (lines 11/5) |
13.5% |
N/A |
10.7% |
11.1% |
||||||
21 |
Operating income margin (lines 15/12) |
48.1% |
26.6% |
49.1% |
47.7% |
||||||
22 |
Pawn store count - end of period |
371 |
79 |
- |
450 |
||||||
23 |
Signature loan store count - end of period |
6 |
- |
476 |
482 |
||||||
24 |
|||||||||||
25 |
|||||||||||
26 |
Six months ended March 31, 2009: |
||||||||||
27 |
Revenues: |
||||||||||
28 |
Sales |
$ 148,975 |
$ 4,618 |
$ - |
$ 153,593 |
||||||
29 |
Pawn service charges |
57,149 |
2,748 |
- |
59,897 |
||||||
30 |
Signature loan fees |
1,243 |
- |
66,351 |
67,594 |
||||||
31 |
Auto title loan fees |
561 |
- |
75 |
636 |
||||||
32 |
Other |
3,160 |
1 |
- |
3,161 |
||||||
33 |
Total revenues |
211,088 |
7,367 |
66,426 |
284,881 |
||||||
34 |
|||||||||||
35 |
Cost of goods sold |
94,010 |
2,841 |
- |
96,851 |
||||||
36 |
Signature loan bad debt |
344 |
- |
14,212 |
14,556 |
||||||
37 |
Auto title loan bad debt |
42 |
- |
7 |
49 |
||||||
38 |
Net revenues |
116,692 |
4,526 |
52,207 |
173,425 |
||||||
39 |
|||||||||||
40 |
Operations expense |
65,045 |
2,583 |
30,494 |
98,122 |
||||||
41 |
Store operating income |
$ 51,647 |
$ 1,943 |
$ 21,713 |
$ 75,303 |
||||||
42 |
|||||||||||
43 |
Gross margin on total sales (lines (28-35)/28) |
36.9% |
38.5% |
N/A |
36.9% |
||||||
44 |
Annualized inventory turnover |
3.7 |
2.1 |
N/A |
3.6 |
||||||
45 |
Signature loan bad debt as percent of fees (lines 36/30) |
27.7% |
N/A |
21.4% |
21.5% |
||||||
46 |
Auto title loan bad debt as percent of fees (lines 37/31) |
7.5% |
N/A |
9.3% |
7.7% |
||||||
47 |
Operating income margin (lines 41/38) |
44.3% |
42.9% |
41.6% |
43.4% |
||||||
48 |
Pawn store count - end of period |
371 |
45 |
- |
416 |
||||||
49 |
Signature loan store count - end of period |
6 |
- |
476 |
482 |
||||||
SOURCE EZCORP, Inc.
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