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FURNITURE APPLIANCES RAC Rent - A - Center ELECTRONICS Rent - A - Center , Inc. Reports Second Quarter 2021 Results August 4 , 2021 Total Revenues of $ 1.2 billion , up 21.6 % Pro Forma¹ Acima Segment GMV of $ 522 million up 43 % Pro Forma¹ Rent - A - Center Segment Same - Store - Sales up 16.6 % led by E - commerce Diluted EPS of $ 0.90 ; Non - GAAP Diluted EPS of $ 1.63 Raises 2021 Guidance and Announces $ 250 million Share Repurchase Authorization PLANO , Texas -- ( BUSINESS WIRE ) -- Aug . 4 , 2021-- Rent - A - Center , Inc. ( the " Company " or " Rent - A - Center " ) ( NASDAQ / NGS : RCII ) today announced results for the quarter ended June 30 , 2021 . " Our business once again delivered outstanding performance in the second quarter as our omni - channel strategy has positioned us as a leading provider of lease - to - own solutions for consumers , which we believe is one of the most under - penetrated and dynamic sectors in the Payments and Fintech space , " said Mitch Fadel , Chief Executive Officer . " Today's consumers are increasingly seeking shopping options that are flexible , convenient , and offer low financial risk . Rent - A - Center has the capabilities to meet these needs through its Acima virtual LTO platform and its highly trusted and convenient Rent - A - Center omni - channel solution . " " The integration of Acima , which we acquired during the first quarter this year , is on track with our plans , and after the first full quarter owning the business , we are even more enthusiastic about the significant strategic value and growth opportunities . Earlier this week , we issued a press release highlighting some proprietary , groundbreaking Fintech innovations for the Acima Ecosystem , including the Acima Mobile Application , Acima Marketplace ™ M , Acima Browser Extension , and the Acima LeasePay Card , that we believe could potentially double Acima's total addressable market to a size approaching $ 100 billion . At the same time , our Rent - A - Center Business continues to perform exceptionally well , with mid - teens same - store sales , generating highly profitable growth and a compelling evolving e - commerce platform . " " Given our strong performance year - to - date and favorable underlying fundamental trends , we increased our 2021 guidance . In addition , considering the long - term value creation potential of our company , strong financial position , and solid cash flow generation , our Board of Directors has authorized a new $ 250 million share repurchase program , " concluded Mr. Fadel . Second Quarter Consolidated Results • Second quarter 2021 consolidated revenues of $ 1.2 billion increased 74.6 % year - over - year , primarily due to the acquisition of Acima Holdings , LLC ( the " Acima Acquisition " ) , which closed in the first quarter of 2021 ; on a pro - forma¹ basis revenues grew 21.6 % led by strong organic growth in the Acima and Rent - A - Center Business segments . • GAAP operating profit for the second quarter of 2021 was $ 106.5 million compared to $ 53.6 million in the prior year period , with growth primarily due to the Acima Acquisition and strong profitability in the Rent - A - Center Business Segment , partially offset by Acima Acquisition related costs , as described further below . • GAAP net income for the second quarter of 2021 was $ 61.3 million compared to $ 38.5 million in the prior year period . GAAP net income for the second quarter of 2021 included $ 49.3 million of costs , net of tax , relating to special items compared to $ 5.6 million in the prior year period . ● • GAAP earnings per share for the second quarter of 2021 was $ 0.90 compared to $ 0.70 in the prior year period . Adjusted earnings per share , which exclude the impact of special items described below , for the second quarter of 2021 was $ 1.63 compared to $ 0.80 in the prior year period . Adjusted EBITDA in the second quarter of 2021 was $ 181.9 million and increased 41 % year - over - year on a pro - forma basis¹ , led by solid growth and strong profitability in both the Rent - A - Center Business and Acima segments . Adjusted EBITDA margin was 15.2 % in the second quarter of 2021 compared to 13.1 % in the prior year period on a pro - forma¹ basis .