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FURNITURE APPLIANCES RAC Rent - A - Center ELECTRONICS Rent - A - Center , Inc. Reports Third Quarter 2021 Results November 3 , 2021 Total Revenues of $ 1.2 billion , up 13 % Pro Forma¹ Acima Segment GMV of over $ 500 million , up 19 % Pro Forma¹ Rent - A - Center Business Segment Same - Store - Sales up 12 % Diluted EPS of $ 0.31 ; Non - GAAP Diluted EPS of $ 1.52 Repurchased $ 80 million of common stock year - to - date through October , including $ 20 million in the third quarter PLANO , Texas -- ( BUSINESS WIRE ) -- Nov . 3 , 2021-- Rent - A - Center , Inc. ( the " Company " or " Rent - A - Center " ) ( NASDAQ : RCII ) today announced results for the quarter ended September 30 , 2021 . " I am pleased to say we had a productive third quarter , delivering strong top line results despite the impact on consumers from the wind down of government COVID - 19 relief programs and the global supply chain disruptions . On the strategic front , we made substantial progress toward our long - term objectives , with the Acima FinTech Ecosystem rollout showing early promise and the Rent - A - Center Business advancing its best - in - class omnichannel functionality , " said Mitch Fadel , Chief Executive Officer . " Today's consumers are increasingly seeking innovative and disruptive solutions , like frictionless mobile commerce , financial services super - apps , and buy - now - pay - later , that work for them rather than for the benefit of the established system . As one of the most inclusive , flexible , and affordable payment options available , we believe Lease - to - Own is in the early stages of a transformation that will see significant additional consumer adoption over the next few years , especially when enabled with new technology like the Acima Ecosystem . " " With significant scale in Lease - to - Own and a revolutionary digital commerce platform , the Company is executing on a long - term strategic plan that we believe will drive growth , expand our customer base , and create shareholder value for years to come . Given the strong fundamentals we are seeing and the progress we are making against strategic objectives , we remain confident that the Company will achieve $ 6 billion of revenue with mid - teens adjusted EBITDA margin by the end of 2023 , " concluded Mr. Fadel . Third Quarter Consolidated Results ● • Third quarter 2021 consolidated revenues of $ 1.2 billion increased 65.9 % year - over - year , primarily led by the acquisition of Acima Holdings , LLC ( the " Acima Acquisition " ) , which closed in the first quarter of 2021. On a pro - forma¹ basis , revenues grew 13 % led by organic growth in the Acima and Rent - A - Center Business segments . • GAAP operating profit for the third quarter of 2021 was $ 67.1 million compared to $ 80.2 million in the prior year period . GAAP net income for the third quarter of 2021 was $ 21.3 million and included $ 82.5 million of costs , net of tax , relating to special items described below , compared to $ 64.0 million of GAAP net income , including $ 6.4 million of gains relating to special items in the prior year period . Adjusted EBITDA in the third quarter of 2021 was $ 170.2 million and increased 4.1 % year - over - year on a pro - forma basis¹ , with revenue growth partially offset by higher operating costs . Adjusted EBITDA margin was 14.4 % in the third quarter of 2021 compared to 15.7 % in the prior year period on a pro - forma¹ basis , with the margin decline primarily attributable to a normalization in customer payment activity and loss rates from the wind down of government stimulus , supply chain disruptions , and a mix shift to the high growth Acima business . • GAAP diluted earnings per share for the third quarter of 2021 was $ 0.31 compared to $ 1.15 in the prior year period . Non - GAAP diluted earnings per share , which exclude the impact of special items described below , for the third quarter of 2021 was $ 1.52 compared to $ 1.04 in the prior year period . • For the nine months ended September 30 , 2021 , the Company generated $ 326.2 million of cash from operations , and ended the third quarter of 2021 with $ 158.8 million of cash and cash equivalents , $ 1.3 billion of debt outstanding , $ 622