By Adriano Marchese
Shares of FirstCash Holdings rose Thursday, reaching a 52-week high, after the company reported stronger-than-expected earnings in the first quarter, and said that the outlook for the rest of the year continues to be positive.
The company's shares were recently up 7.8% at $221.63.
The pawn-shop and consumer-lending company said it is raising its expectations for growth in pawn segment revenues, driven by same-store sales growth and better-than-anticipated revenue contributions from stores it had acquired in 2025.
FirstCash expects its pawn business to drive nearly 90% of total revenue and profit in 2026, it said.
In the U.S., the company forecast pawn-fee growth in the mid-teens percentage points and retail sales growth of 10% or more. Previously, the company had expected low-double-digit revenue growth.
It noted that in Latin America, performance improved as well, with pawn-fee growth now expected in the high teens, up from high single-digits expectations, alongside stronger retail sales. In the U.K., with 2026 income guidance increasing by roughly $10 million, it said.
For its first quarter, the company reported income of $1.05 billion, up from $836.4 million. Revenue topped analyst forecasts of $1 billion.
Higher net revenue pushed earnings up. Net income rose to $107.7 million, up from $83.6 million in the year-ago quarter.
Adjusted earnings of $2.69 a share topped expectations of $2.33 a share, according to FactSet.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
April 23, 2026 11:07 ET (15:07 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments