Rent-A-Center leases household durable goods to customers on a rent-to-own basis. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture, under rental purchase agreements. Rent-A-Center operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; and furniture, including accessories under rental purchase agreements. 

Type
Public
HQ
Plano, US
Founded
1986
Size (employees)
21,600 (est)
Rent-A-Center was founded in 1986 and is headquartered in Plano, US
Report incorrect company information

Key People/Management at Rent-A-Center

Mitchell Fadel

Mitchell Fadel

Chief Executive Officer, Director
Joel Mussat

Joel Mussat

COO
Christopher Korst

Christopher Korst

EVP & CAO & General Counsel

Rent-A-Center Office Locations

Rent-A-Center has offices in Council Bluffs, Sterling, Great Bend, El Dorado and in 2 other locations
Plano, US (HQ)
5501 Headquarters Dr
Council Bluffs, US
5 40 Power Dr
Council Bluffs, US
1823 W Broadway
El Dorado, US
2502 W Central Ave
Great Bend, US
3727 10th St
North Platte, US
410 E Leota St
Show all (7)
Report incorrect company information

Rent-A-Center Financials and Metrics

Rent-A-Center Financials

Rent-A-Center's revenue was reported to be $2.70 b in FY, 2017
USD

Revenue (FY, 2017)

2.7 b

Gross profit (FY, 2017)

1.7 b

Gross profit margin (FY, 2017), %

63.6%

Net income (FY, 2017)

6.7 m

EBIT (FY, 2017)

(63.1 m)

Market capitalization (20-Apr-2018)

513.6 m

Cash (31-Dec-2017)

73 m
Rent-A-Center's current market capitalization is $513.6 m.
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3.2 b3.3 b3 b2.7 b

Revenue growth, %

4%(10%)

Cost of goods sold

984 m

Gross profit

1.7 b
USDFY, 2017

Cash

73 m

Goodwill

56.6 m

Total Assets

1.4 b

Accounts Payable

90.4 m
USDFY, 2017

Net Income

6.7 m

Cash From Operating Activities

110.5 m

Cash From Investing Activities

(63.3 m)

Long-term Borrowings

(400.2 m)
USDY, 2017

Revenue/Employee

125.1 k

Financial Leverage

5.2 x
Show all financial metrics

Rent-A-Center Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017

Direct Locations (Acceptance Now)

1 12 223 532 526 545 495 478 96

Locations

4.59 k4.61 k4.60 k4.74 k5.02 k4.98 k4.75 k4.70 k4.73 k4.30 k

Staffed Kiosk Locations (Acceptance Now)

1.41 k1.43 k1.46 k1.47 k1.44 k1.44 k1.37 k1.37 k1.43 k1.39 k

Stores (Franchising)

187 184 187 207 227 227 228 231 229 229
Show all operating metrics

Rent-A-Center Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
The Rental Store December 19, 2010$75.50 m
Rent-Way August 07, 2006$567 m
Rainbow Rentals February 04, 2004
Report incorrect company information

Rent-A-Center News and Updates

Rent-A-Center in talks with possible buyers, cuts 250 jobs: Reuters

Rent-A-Center Inc is in active talks with multiple parties for a possible buyout, the rent-to-own furniture retailer said on Wednesday, while also announcing 250 layoffs at its Plano, Texas headquarters, Reuters reported.

Rent-to-Own in United States Market Size, Investment Feasibility and Industry Growth Rate Forecast 2018 – 2022

WiseGuyReports.Com Publish a New Market Research Report On –“ Rent-to-Own in United States Market Size, Investment Feasibility and Industry Growth Rate Forecast 2018 – 2022”. Posted via Industry Today. Follow us on Twitter @IndustryToday

Rent-A-Center, Vintage Capital sign standstill deal amid buyout talks

Jan 19 (Reuters) - Buyout firm Vintage Capital Management LLC has agreed not to raise its stake in its acquisition target Rent-A-Center Inc or seek to gain control of its board as they talk about a potential deal, the furniture retailer said on Friday.

BRIEF-Engaged Capital commends Rent-A-Center for starting strategic alternatives review

* Engaged Capital commends Rent-A-Center board for initiating strategic alternatives review process

Vintage Capital offers to buy Rent-A-Center for $800 million. says letter: Reuters

Vintage Capital has offered to buy Rent-A-Center Inc (RCII.O) for around $800 million, according to a letter seen by Reuters, in a move that would add another rent-to-own company to the private equity firm's portfolio.
Report incorrect company information