Rent-A-Center Posts Loss In Q4 - Quick Facts

(RTTNews) - Rent-A-Center, Inc. (RCII), one of the largest rent-to-own operators in North America, reported fourth quarter non-GAAP loss before income taxes was $21.5 million, compared to earnings before income taxes of $41.5 million in the prior year.

Non-GAAP loss per share was $0.23 compared to earnings of $0.54 reported a year ago.

For the quarter, GAAP loss before income taxes was $170.9 million, compared to $1.13 billion in the previous year. In the fourth quarter of 2015, a $1.17 billion goodwill impairment charge was taken in the Core U.S. segment.

Quarterly consolidated total revenues decreased 13.8 percent to $684.1 million and same store sales decreased 9.6 percent. Core U.S. revenue down 17.6 percent and same store sales declined by 14.2 percent.