- Readers Respond: Guns and retail
- International home buyers on the rise in Texas
- Kodiak Building Partners acquires AO, Inc.
- BMC opens new Fort Worth Design Center
- With acquisition, PrimeSource points to U.S. jobs
- Big Four Report: More Voices from the Field
- Home Depot’s Ellison tapped for JCP CEO spot
Plano, Texas-based Rent-A-Center reported a 1.4% increase in revenues for the second quarter ended June 30, from $749.7 million to $760.5 million.
However, same-store sales declined 1.6%, primarily attributable to the decrease of about $34.7 million in the company's core U.S. segment.
Net earnings for the quarter were $42.0 million, down slightly from $44.2 million.
"We believe the core U.S. business will continually improve throughout the balance of the year, and our growth initiatives will remain on their productive path," said CEO Mark Speese.
In Mexico, the company grew revenues more than 137% and ended the quarter with 130 locations.