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FirstCash FirstCash Reports Second Quarter Results ; 64 Stores Added YTD , Including 26 - Store U.S. Acquisition ; Declares $ 0.30 Quarterly Cash Dividend July 21 , 2021 FORT WORTH , Texas , July 21 , 2021 ( GLOBE NEWSWIRE ) -- FirstCash , Inc. ( the " Company " ) ( Nasdaq : FCFS ) , the leading international operator of over 2,800 retail pawn stores in the U.S. and Latin America , today announced operating results for the three and six month periods ended June 30 , 2021 , and an update on the impact of COVID - 19 on its business . In addition , the Board of Directors declared a $ 0.30 per share quarterly cash dividend to be paid in August 2021 . Mr. Rick Wessel , chief executive officer , stated , " FirstCash posted strong second quarter earnings results driven by an accelerating recovery in pawn receivables and the continued strength of retail operations . At this point , Latin American pawn receivable balances have substantially recovered from the impacts of COVID - 19 while U.S. pawn loan originations are rapidly approaching normalized levels as we begin the second half of the year . " Second quarter highlights also include the acquisition of a 26 - store chain of high - performing pawn stores in Texas and 12 de novo store openings during the quarter . FirstCash's store count has now surpassed 2,800 total locations and we believe there are additional growth opportunities ahead . In addition to funding store growth , our strong cash flows and balance sheet returned cash to shareholders through a quarterly cash dividend of $ 0.30 per share and $ 38 million in share repurchases during the first half of 2021. " This release contains adjusted earnings measures , which exclude certain extraordinary and / or non - cash expenses , which are non - GAAP financial measures . Please refer to the descriptions and reconciliations to GAAP of these and other non - GAAP financial measures at the end of this release . In thousands , except per share amounts Revenue Net income Diluted earnings per share EBITDA ( non - GAAP measure ) Weighted - average diluted shares $ $ $ $ $ $ $ $ As Reported ( GAAP ) 2021 2020 412,746 $ 25,873 $ 0.62 $ $ 53,962 41,531 389,578 $ 28,427 $ 0.70 $ 56,786 40,802 GAGA Three Months Ended June 30 , $ Six Months Ended June 30 , As Reported ( GAAP ) 2021 797,517 $ 62,142 $ 1.52 $ 120,741 $ 40,929 Adjusted ( Non - GAAP ) 2021 389,578 $ 29,038 $ 0.71 $ 57,524 $ 40,802 2020 879,236 $ 58,791 $ 1.41 $ 118,586 $ 41,769 2020 412,746 25,872 0.62 53,930 41,531 Adjusted ( Non - GAAP ) 2021 797,517 $ 63,966 $ 1.56 $ 123,125 $ 40,929 In thousands , except per share amounts Revenue Net income Diluted earnings per share EBITDA ( non - GAAP measure ) Weighted - average diluted shares Consolidated Earnings Highlights • Diluted earnings per share for the second quarter increased 13 % on a GAAP basis and increased 15 % on an adjusted non - GAAP basis compared to the prior - year quarter . Year - to - date diluted earnings per share increased 8 % on a GAAP basis and decreased 2 % on an adjusted non - GAAP basis compared to the prior year . 2020 879,236 66,167 1.59 128,536 41,769 • Operating results in the second quarter reflected increased revenues in Latin America coupled with improved gross margins and lower operating expenses in the U.S. , which more than offset the expected revenue decline in the U.S .: • Pawn loans outstanding at quarter end increased 35 % over the prior year and 29 % on a constant currency basis . Resulting pawn fees , which typically lag the growth in pawn receivables , increased 8 % in total and 2 % on a constant currency basis in the second quarter compared to the prior - year quarter . • Retail sales gross margins of 42 % in the second quarter remained at record levels and improved over the 40 % gross margins achieved in the second quarter of last year . Despite higher than normal U.S. retail comps a year ago when many competing retailers were shut down due to the pandemic , second quarter merchandise gross profit decreased only 3 % compared to the same quarter of 2020 . • Increased inventory turns and margins resulted in a record return on earning assets ( trailing twelve months net revenue divided by average pawn receivables and inventories ) of 190 % as of June 2021 compared to 172 % in