FirstCash Holdings reported record revenues and earnings for both the fourth quarter and the full year ended December 31, 2024. For the fourth quarter, the company posted a net income of $83.5 million, or $1.86 per share, with adjusted earnings of $2.12 per share. This adjusted EPS exceeded the average analyst estimate of $2.02 per share.
For the full year 2024, FirstCash recorded a profit of $258.8 million, or $5.73 per share, on total revenue of $3.39 billion. The company's core pawn segments demonstrated exceptional growth, with same-store pawn receivables increasing 12% in both the U.S. and Latin America on a local currency basis. This marked the sixth consecutive quarter of double-digit same-store pawn receivable growth in the U.S.
The company expanded its pawn operations by adding 16 stores in the fourth quarter, including 10 acquisitions and six new openings. For the full year, 99 pawn stores were opened or acquired, bringing the total store base to 3,026 locations. Fourth-quarter same-store retail sales increased 6% in the U.S. and 7% in Latin America on a constant currency basis.
The Retail POS Payment Solutions segment (AFF) contributed nearly $130 million in segment earnings for 2024. As of December 31, 2024, AFF operated through approximately 13,600 active retail merchant partner locations, which is net of the closing of about 1,000 Conn’s HomePlus and American Freight locations due to bankruptcies during the fourth quarter.
FirstCash declared a quarterly cash dividend of $0.38 per share, payable on February 28, 2025. The company's outlook for 2025 is highly positive, anticipating continued earnings growth driven by momentum in its core pawn business, further pawnshop acquisitions, and de novo store openings.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.