Pawn Loans Outstanding and Record Sales
Driving Strong Revenue and Earnings Growth
EZCORP, Inc. (NASDAQ: EZPW), a leading provider of pawn
transactions in the United States and Latin America, today
announced results for its first quarter ended December 31,
2022.
Unless otherwise noted, all amounts in this release are in
conformity with U.S. generally accepted accounting principles
("GAAP") and comparisons shown are to the same period in the prior
year.
FIRST QUARTER HIGHLIGHTS
- Pawn loans outstanding (PLO) up 19% to $209.9 million.
- Total revenue increased 20%, and gross profit increased
15%.
- Merchandise sales gross margin remains within our targeted
range at 36%.
- Net income for the quarter was $16.8 million, an increase of
$1.1 million.
- Diluted earnings per share of $0.25 was up from $0.21. On an
adjusted basis1, diluted earnings per share was $0.28, compared to
$0.22 in the prior-year quarter.
- Return on earning assets (ROEA) remains strong at 163%.
- Refinanced convertible debt, that included the repurchase of
$109.4 million convertible notes due 2024 and $69.1 million
convertible notes due 2025, and the issuance of $230.0 million due
2029.
CEO COMMENTARY AND OUTLOOK
Chief Executive Officer Lachie Given stated, “We began fiscal
2023 with another outstanding quarter, continuing to execute on our
three-year strategic plan. Our PLO was the highest on record for
this quarter, and we achieved our strongest ever quarterly sales
result. The challenging macro-economic backdrop continues to drive
increased demand for our two core products, which are providing
solutions for our customers' short-term cash needs and selling
second-hand goods. And our team’s relentless focus on improving the
performance of every one of our 1,186 stores, continues to drive
our excellent financial and operating results.
"We remain committed to market-leading customer service, by
investing in our store-based and support teams, technology
improvements, process efficiencies and automation, as we provide
our customers with a fast, convenient and respectful solution to
address their short-term cash needs. Additionally, our neighborhood
retail locations provide affordable pre-owned and recycled general
merchandise and jewelry to our cost-conscious and environmentally
concerned consumers.
“During the first quarter, we acquired nine stores in the
Houston, Texas area and one store in Las Vegas, Nevada. We opened
two de novo stores in Latin America and expect to open more this
quarter. We now have 2.4 million EZ+ Rewards members across all
geographies, an increase of 26% over the fourth quarter of
2022.
“We proactively addressed our near-term convertible debt
maturities with a successful placement of $230 million of 7-year
convertible notes, materially de-risking the balance sheet while
providing a stable, low cash-cost capital base from which to
continue to grow. We retired approximately $178.5 million of
convertible notes maturing in 2024 and 2025 and repurchased
approximately $5 million in shares as part of this financing, in
addition to the $2 million in shares we acquired during the quarter
as part of our announced buy-back program.
“During the quarter, we launched new initiatives to enhance
work-life balance for our team members and increase employer
competitiveness at all levels. I believe we have the best, most
passionate, engaged and productive team members in the industry. We
are committed to doing everything we can to retain and incentivize
them because it is their operational excellence that drives our
financial results and ultimately enhances value for all
shareholders,” concluded Given.
CONSOLIDATED RESULTS
Three Months Ended December 31
As Reported
Adjusted1
in millions, except per share amounts
2022
2021
2022
2021
Total revenues
$
264.3
$
221.0
$
261.6
$
221.0
Gross profit
$
152.5
$
132.1
$
151.1
$
132.1
Income before tax
$
24.5
$
21.3
$
28.0
$
21.4
Net income
$
16.8
$
15.7
$
21.4
$
16.0
Diluted earnings per share
$
0.25
$
0.21
$
0.28
$
0.22
EBITDA (non-GAAP measure)
$
38.1
$
31.0
$
37.9
$
31.1
- Diluted earnings per share were $0.25, up from $0.21. On an
adjusted basis, diluted earnings per share were $0.28, up from
$0.22.
- Income before taxes improved to $24.5 million from $21.3
million, while adjusted EBITDA increased 22% to $37.9 million.
- PLO increased 19% to $209.9 million, up $33.3 million. On a
same-store basis2, PLO increased 16% due to increased loan demand,
reflecting growth above pre-COVID levels.
- Total revenues increased 20% and gross profit increased 15%,
reflecting improved pawn service charge (PSC) revenue, merchandise
sales and merchandise sales gross profit.
- PSC increased 22% as a result of higher average PLO.
- Merchandise sales gross margin remains within our targeted
range at 36%. Aged general merchandise has increased to 1.6% of
total general merchandise inventory.
- Net inventory increased 31%, reflecting a return towards
normalized inventory levels. Inventory turnover remained strong at
2.8x for the quarter, down from 3.0x.
- Store expenses increased 16%, primarily due to increased labor
in-line with store activity, and to a lesser extent, expenses
related to our loyalty program and rent associated with lease
renewals. On a same-store basis, store expenses increased 14%.
General and administrative expenses were flat.
- Cash and cash equivalents at the end of the quarter was $207.7
million, down 11% year-over-year. The decrease is primarily due to
the increase in PLO and inventory, the acquisition of new stores,
and strategic investments, partially offset by the net cash
proceeds associated with the convertible debt refinancing.
SEGMENT RESULTS
U.S. Pawn
- PLO ended the quarter at $166.9 million, up 18% or 15% on a
same store basis.
- Total revenue was up 19% and gross profit increased 13%,
reflecting increased PSC, higher merchandise sales and improved
merchandise sales gross profit.
- PSC increased 23% as a result of higher average PLO.
- Merchandise sales gross margin decreased to 38% from 43%,
reflecting a more normalized operating environment. Aged general
merchandise remains less than 1% of total general merchandise
inventory.
- Net inventory increased 31% reflecting a return towards
normalized inventory levels. Inventory turnover decreased to 2.6x
from 2.8x.
- Store expenses increased 13%, primarily due to increased labor
in-line with store activity, and to a lesser extent, expenses
related to our loyalty program and rent associated with lease
renewals.
- Segment contribution increased 14% to $39.3 million.
- Segment store count increased by 10 stores during this quarter
due to two acquisitions.
Latin America Pawn
- PLO improved to $43.0 million, up 21% (17% on constant currency
basis). On a same store basis, PLO increased 19% (15% on a constant
currency basis).
- Total revenue was up 21% (16% on constant currency basis) and
gross profit increased 23% (18% on a constant currency basis),
reflecting increased PSC, higher merchandise sales and improved
merchandise sales gross profit.
- PSC increased 20% (15% on a constant currency basis) as a
result of higher average PLO.
- Merchandise sales gross margin increased from 29% to 30%. Aged
general merchandise inventory increased to 2.9% from 0.5% of total
merchandise inventory.
- Net inventory increased 32% (27% on a constant currency basis),
reflecting a return towards normalized inventory levels. Inventory
turnover remains strong at 3.3x, down from 3.6x.
- Store expenses increased 25% (20% on a constant currency
basis), primarily due to increased labor in-line with store
activity, and to a lesser extent, expenses related to our loyalty
program and rent associated with lease renewals. Same-store
expenses increased 22% (18% on a constant currency basis).
- Segment contribution increased 16% (12% on a constant currency
basis) to $7.5 million. On an adjusted basis, segment contribution
was up 15% to $7.5 million.
- Segment store count increased by 1 store due to the net impact
of opening 2 de novo stores and consolidating 1 store during the
quarter.
FORM 10-Q
EZCORP’s Quarterly Report on Form 10-Q for the quarter ended
December 31, 2022 has been filed with the Securities and Exchange
Commission. The report is available in the Investor Relations
section of the Company’s website at
http://investors.ezcorp.com.
CONFERENCE CALL
EZCORP will host a conference call on Thursday, February 2,
2023, at 8:00 am Central Time to discuss First Quarter Fiscal 2023
results. Analysts and institutional investors may participate on
the conference call by dialing (844) 200-6205, Conference ID:
341829, or internationally by dialing (929) 526-1599. The
conference call will be webcast simultaneously to the public
through this link: http://investors.ezcorp.com/. A replay of the
conference call will be available online at
http://investors.ezcorp.com/ shortly after the end of the call.
ABOUT EZCORP
Formed in 1989, EZCORP has grown into a leading provider of pawn
transactions in the United States and Latin America. We also sell
merchandise, primarily collateral forfeited from pawn lending
operations and pre-owned and recycled merchandise purchased from
customers. We are dedicated to satisfying the short-term cash needs
of consumers who are both cash and credit constrained, focusing on
an industry-leading customer experience. EZCORP is traded on NASDAQ
under the symbol EZPW and is a member of the S&P 1000 Index and
Nasdaq Composite Index.
Follow us on social media:
Facebook EZPAWN Official https://www.facebook.com/EZPAWN/
EZCORP Instagram Official
https://www.instagram.com/ezcorp_official/
EZPAWN Instagram Official
https://www.instagram.com/ezpawnofficial/
EZCORP Linked In https://www.linkedin.com/company/ezcorp/
FORWARD LOOKING STATEMENTS
This announcement contains certain forward-looking statements
regarding the company’s strategy, initiatives and expected
performance. These statements are based on the Company’s current
expectations as to the outcome and timing of future events. All
statements, other than statements of historical facts, including
all statements regarding the company's strategy, initiatives and
future performance, that address activities or results that the
company plans, expects, believes, projects, estimates or
anticipates, will, should or may occur in the future, including
future financial or operating results, are forward-looking
statements. 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
operating risks, liquidity risks, legislative or regulatory
developments, market factors, current or future litigation and
risks associated with the COVID-19 pandemic. 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. The Company
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results over
time.
Note: Percentages are calculated from the underlying numbers in
thousands and, as a result, may not agree to the percentages
calculated from numbers in millions.
1“Adjusted” basis, which is a non-GAAP measure, excludes certain
items. “Constant currency” basis, which is a non-GAAP measure,
excludes the impact of foreign currency exchange rate fluctuations.
“Free cash flow”, which is a non-GAAP measure, includes certain
adjustments to cash flow from operating activities. For additional
information about these calculations, as well as a reconciliation
to the most comparable GAAP financial measures, see “Non-GAAP
Financial Information” at the end of this release.
2“Same Store” basis, which is a financial measure, includes
stores open the entirety of the comparable periods.
EZCORP, Inc.
CONSOLIDATED STATEMENTS OF
OPERATIONS
Three Months Ended
December 31,
(in thousands, except per share
amounts)
2022
2021
(Unaudited)
Revenues:
Merchandise sales
$
163,787
$
137,720
Jewelry scrapping sales
7,884
6,944
Pawn service charges
92,593
76,025
Other revenues, net
63
305
Total revenues
264,327
220,994
Merchandise cost of goods sold
104,877
83,111
Jewelry scrapping cost of goods sold
6,953
5,772
Gross profit
152,497
132,111
Operating expenses:
Store expenses
100,803
86,771
General and administrative
15,476
15,545
Depreciation and amortization
7,988
7,574
(Gain) loss on sale or disposal of assets
and other
(16
)
5
Total operating expenses
124,251
109,895
Operating income
28,246
22,216
Interest expense
6,190
2,431
Interest income
(664
)
(304
)
Equity in net income of unconsolidated
affiliates
(1,584
)
(1,138
)
Other income
(234
)
(120
)
Income before income taxes
24,538
21,347
Income tax expense
7,760
5,626
Net income
$
16,778
$
15,721
Basic earnings per share
$
0.30
$
0.28
Diluted earnings per share
$
0.25
$
0.21
Weighted-average basic shares
outstanding
56,308
56,183
Weighted-average diluted shares
outstanding
83,779
81,948
EZCORP, Inc.
CONSOLIDATED BALANCE
SHEETS
(in thousands, except share and per share
amounts)
December 31,
2022
December 31,
2021
(Unaudited)
Assets:
Current assets:
Cash and cash equivalents
$
207,658
$
233,274
Restricted cash
8,359
8,692
Pawn loans
209,855
176,586
Pawn service charges receivable, net
34,921
29,765
Inventory, net
156,064
119,313
Prepaid expenses and other current
assets
45,559
31,209
Total current assets
662,416
598,839
Investments in unconsolidated
affiliates
37,789
42,513
Other investments
39,220
16,500
Property and equipment, net
55,612
52,201
Right-of-use asset, net
230,554
201,527
Goodwill
297,361
284,619
Intangible assets, net
58,029
61,458
Notes receivable, net
1,224
1,190
Deferred tax asset, net
12,428
15,623
Other assets
7,682
5,851
Total assets
$
1,402,315
$
1,280,321
Liabilities and equity:
Current liabilities:
Accounts payable, accrued expenses and
other current liabilities
$
69,930
$
75,531
Customer layaway deposits
16,276
13,142
Operating lease liabilities, current
52,799
51,843
Total current liabilities
139,005
140,516
Long-term debt, net
358,984
311,844
Deferred tax liability, net
—
221
Operating lease liabilities
188,730
161,841
Other long-term liabilities
10,261
11,398
Total liabilities
696,980
625,820
Commitments and Contingencies
Stockholders’ equity:
Class A Non-voting Common Stock, par value
$0.01per share; shares authorized: 100 million; issued and
outstanding: 52,877,930 as of December 31, 2022; 53,344,218 as of
December 31, 2021; and 53,454,885 as of September 30, 2022
529
533
Class B Voting Common Stock, convertible,
par value $0.01 per share; shares authorized: 3 million; issued and
outstanding: 2,970,171
30
30
Additional paid-in capital
343,012
339,955
Retained earnings
414,929
369,359
Accumulated other comprehensive loss
(53,165
)
(55,376
)
Total equity
705,335
654,501
Total liabilities and equity
$
1,402,315
$
1,280,321
EZCORP, Inc.
CONSOLIDATED STATEMENTS OF
CASH FLOWS
Three Months Ended
December 31,
(in thousands)
2022
2021
(Unaudited)
Operating activities:
Net income
$
16,778
$
15,721
Adjustments to reconcile net income to net
cash flows from operating activities:
Depreciation and amortization
7,988
7,574
Amortization of debt discount and deferred
financing costs
378
374
Non-cash lease expense
13,596
12,694
Deferred income taxes
656
587
Other adjustments
(91
)
(30
)
Provision for inventory reserve
532
(820
)
Stock compensation expense
1,886
1,698
Equity in net income of unconsolidated
affiliates
(1,584
)
(1,138
)
Loss on extinguishment of debt
3,545
—
Changes in operating assets and
liabilities:
Service charges and fees receivable
(691
)
(419
)
Inventory
(1,881
)
(2,314
)
Prepaid expenses, other current assets and
other assets
(2,280
)
(2,330
)
Accounts payable, accrued expenses and
other liabilities
(34,761
)
(29,531
)
Customer layaway deposits
(752
)
551
Income taxes
6,574
4,741
Dividends from unconsolidated
affiliates
1,775
1,660
Net cash provided by operating
activities
11,668
9,018
Investing activities:
Loans made
(189,074
)
(166,480
)
Loans repaid
109,125
95,542
Recovery of pawn loan principal through
sale of forfeited collateral
88,030
65,297
Capital expenditures, net
(7,182
)
(4,985
)
Acquisitions, net of cash acquired
(12,884
)
—
Issuance of notes receivable
(15,500
)
(1,000
)
Investment in unconsolidated
affiliates
(2,133
)
(2,477
)
Investment in other investments
(15,000
)
(16,500
)
Net cash used in investing activities
(44,618
)
(30,603
)
Financing activities:
Taxes paid related to net share settlement
of equity awards
(1,138
)
(792
)
Proceeds from issuance of debt
230,000
—
Debt issuance cost
(7,403
)
—
Cash paid on extinguishment of debt
(1,951
)
—
Payments on debt
(178,488
)
—
Repurchase of common stock
(7,027
)
—
Net cash provided by (used in) financing
activities
33,993
(792
)
Effect of exchange rate changes on cash
and cash equivalents and restricted cash
605
719
Net increase (decrease) in cash, cash
equivalents and restricted cash
1,648
(21,658
)
Cash, cash equivalents and restricted cash
at beginning of period
214,369
263,624
Cash, cash equivalents and restricted cash
at end of period
$
216,017
$
241,966
EZCORP, Inc.
OPERATING SEGMENT
RESULTS
Three Months Ended December
31, 2022 (Unaudited)
(in thousands)
U.S. Pawn
Latin America Pawn
Other Investments
Total Segments
Corporate Items
Consolidated
Revenues:
Merchandise sales
$
118,314
$
45,473
$
—
$
163,787
$
—
$
163,787
Jewelry scrapping sales
7,176
708
—
7,884
—
7,884
Pawn service charges
69,310
23,283
—
92,593
—
92,593
Other revenues
25
16
22
63
—
63
Total revenues
194,825
69,480
22
264,327
—
264,327
Merchandise cost of goods sold
73,256
31,621
—
104,877
—
104,877
Jewelry scrapping cost of goods sold
6,216
737
—
6,953
—
6,953
Other cost of revenues
—
—
—
—
—
—
Gross profit
115,353
37,122
22
152,497
—
152,497
Store expenses
73,304
27,499
—
100,803
—
100,803
General and administrative
—
(3
)
—
(3
)
15,479
15,476
Depreciation and amortization
2,755
2,215
—
4,970
3,018
7,988
(Gain) loss on sale or disposal of assets
and other
3
(19
)
—
(16
)
—
(16
)
Interest expense
—
—
—
—
6,190
6,190
Interest income
—
(169
)
—
(169
)
(495
)
(664
)
Equity in net income of unconsolidated
affiliates
—
—
(1,584
)
(1,584
)
—
(1,584
)
Other (income) expense
—
70
4
74
(308
)
(234
)
Segment contribution
$
39,291
$
7,529
$
1,602
$
48,422
Income (loss) before income taxes
$
48,422
$
(23,884
)
$
24,538
Three Months Ended December
31, 2021 (Unaudited)
(in thousands)
U.S. Pawn
Latin America Pawn
Other Investments
Total Segments
Corporate Items
Consolidated
Revenues:
Merchandise sales
$
102,078
$
35,642
$
—
$
137,720
$
—
$
137,720
Jewelry scrapping sales
4,980
1,964
—
6,944
—
6,944
Pawn service charges
56,557
19,468
—
76,025
—
76,025
Other revenues
22
240
43
305
—
305
Total revenues
163,637
57,314
43
220,994
—
220,994
Merchandise cost of goods sold
57,832
25,279
—
83,111
—
83,111
Jewelry scrapping cost of goods sold
3,975
1,797
—
5,772
—
5,772
Gross profit
101,830
30,238
43
132,111
—
132,111
Segment and corporate expenses
(income):
Store expenses
64,689
22,082
—
86,771
—
86,771
General and administrative
—
—
—
—
15,545
15,545
Depreciation and amortization
2,670
1,980
—
4,650
2,924
7,574
Gain on sale of disposal of assets and
other
—
5
—
5
—
5
Interest expense
—
—
—
—
2,431
2,431
Interest income
—
(182
)
—
(182
)
(122
)
(304
)
Equity in net income of unconsolidated
affiliates
—
—
(1,138
)
(1,138
)
—
(1,138
)
Other (income) expense
—
(134
)
(12
)
(146
)
26
(120
)
Segment contribution
$
34,471
$
6,487
$
1,193
$
42,151
Income (loss) before income taxes
$
42,151
$
(20,804
)
$
21,347
EZCORP, Inc.
STORE COUNT ACTIVITY
(Unaudited)
Three Months Ended December
31, 2022
U.S. Pawn
Latin America Pawn
Consolidated
As of September 30, 2022
515
660
1,175
New locations opened
—
2
2
Locations acquired
10
—
10
Locations sold, combined or closed
—
(1
)
(1
)
As of December 31, 2022
525
661
1,186
Three Months Ended December
31, 2021
U.S. Pawn
Latin America Pawn
Consolidated
As of September 30, 2021
516
632
1,148
New locations opened
—
1
1
Locations acquired
—
—
—
Locations sold, combined or closed
—
—
—
As of December 31, 2021
516
633
1,149
Non-GAAP Financial Information (Unaudited)
In addition to the financial information prepared in conformity
with accounting principles generally accepted in the United States
("GAAP"), we provide certain other non-GAAP financial information
on a constant currency ("constant currency") and adjusted basis. We
use constant currency results to evaluate our Latin America Pawn
operations, which are denominated primarily in Mexican pesos,
Guatemalan quetzales and other Latin American currencies. We
believe that presentation of constant currency and adjusted results
is meaningful and useful in understanding the activities and
business metrics of our operations and reflect an additional way of
viewing aspects of our business that, when viewed with GAAP
results, provide a more complete understanding of factors and
trends affecting our business. We provide non-GAAP financial
information for informational purposes and to enhance understanding
of our GAAP consolidated financial statements. We use this non-GAAP
financial information primarily to evaluate and compare operating
results across accounting periods.
Readers should consider the information in addition to, but not
instead of or superior to, our financial statements prepared in
accordance with GAAP. This non-GAAP financial information may be
determined or calculated differently by other companies, limiting
the usefulness of those measures for comparative purposes.
Constant currency results reported herein are calculated by
translating consolidated balance sheet and consolidated statement
of operations items denominated in local currency to U.S. dollars
using the exchange rate from the prior-year comparable period, as
opposed to the current period, in order to exclude the effects of
foreign currency rate fluctuations. In addition, we have an equity
method investment that is denominated in Australian dollars and is
translated into U.S. dollars. We used the end-of-period rate for
balance sheet items and the average closing daily exchange rate on
a monthly basis during the appropriate period for statement of
operations items. The end-of-period and approximate average
exchange rates for each applicable currency as compared to U.S.
dollars as of and for the three and three months ended December 31,
2022 and 2021 were as follows:
December 31,
Three Months Ended
December 31,
2022
2021
2022
2021
Mexican peso
19.5
20.5
19.7
20.7
Guatemalan quetzal
7.7
7.5
7.7
7.6
Honduran lempira
24.4
24.1
24.3
23.9
Australian dollar
1.5
1.4
1.5
1.4
Our statement of operations constant currency results reflect
the monthly exchange rate fluctuations and so are not directly
calculable from the above rates. Constant currency results, where
presented, also exclude the foreign currency gain or loss.
Miscellaneous Non-GAAP Financial Measures
Three Months Ended
December 31,
(in millions)
2022
2021
Net income
$
16.8
$
15.7
Interest expense
6.2
2.4
Interest income
(0.7
)
(0.3
)
Income tax expense
7.8
5.6
Depreciation and amortization
8.0
7.6
EBITDA
$
38.1
$
31.0
Total Revenues
Gross Profit
Income Before Tax
Tax Effect
Net Income
Diluted EPS
EBITDA
2023 Q1 Reported
$
264.3
$
152.5
$
24.5
$
7.8
$
16.8
$
0.25
$
38.1
Extinguishment of Debt Impact
3.5
(1.0
)
4.5
0.03
—
FX Impact
0.2
0.1
0.1
—
0.2
Constant currency impact
(2.7
)
(1.4
)
(0.2
)
(0.3
)
—
—
(0.4
)
2023 Q1 Adjusted
$
261.6
$
151.1
$
28.0
$
6.6
$
21.4
$
0.28
$
37.9
Total Revenues
Gross Profit
Income Before Tax
Tax Effect
Net Income
Diluted EPS
EBITDA
2022 Q1 Reported
$
221.0
$
132.1
$
21.3
$
5.6
$
15.7
$
0.21
$
31.0
FX Impact
0.1
(0.1
)
0.3
0.01
0.1
2022 Q1 Adjusted
$
221.0
$
132.1
$
21.4
$
5.5
$
16.0
$
0.22
$
31.1
Three Months Ended
December 31, 2022
(in millions)
U.S. Dollar Amount
Percentage Change YOY
Consolidated revenue
$
264.3
20
%
Currency exchange rate fluctuations
(2.7
)
Constant currency consolidated revenue
$
261.6
18
%
Consolidated gross profit
$
152.5
15
%
Currency exchange rate fluctuations
(1.4
)
Constant currency consolidated gross
profit
$
151.1
14
%
Consolidated net inventory
$
156.1
31
%
Currency exchange rate fluctuations
(1.4
)
Constant currency consolidated net
inventory
$
154.7
30
%
Latin America Pawn gross profit
$
37.1
23
%
Currency exchange rate fluctuations
(1.4
)
Constant currency Latin America Pawn gross
profit
$
35.7
18
%
Latin America Pawn PLO
$
43.0
21
%
Currency exchange rate fluctuations
(1.4
)
Constant currency Latin America Pawn
PLO
$
41.6
17
%
Latin America Pawn PSC revenues
$
23.3
20
%
Currency exchange rate fluctuations
(0.8
)
Constant currency Latin America Pawn PSC
revenues
$
22.5
15
%
Latin America Pawn merchandise sales
$
45.5
28
%
Currency exchange rate fluctuations
(1.9
)
Constant currency Latin America Pawn
merchandise sales
$
43.6
22
%
Latin America Pawn segment profit before
tax
$
7.5
16
%
Currency exchange rate fluctuations
(0.2
)
Constant currency Latin America Pawn
segment profit before tax
$
7.3
12
%
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230201005841/en/
Email: Investor_Relations@ezcorp.com Phone: (512)
314-2220
EZCORP (NASDAQ:EZPW)
Historical Stock Chart
From Mar 2024 to Apr 2024
EZCORP (NASDAQ:EZPW)
Historical Stock Chart
From Apr 2023 to Apr 2024