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FirstCash: Strong Core Pawn Results, But Some Yellow Flags Elsewhere
FCFSFirstCash(FCFS) Seeking Alpha·2024-07-27 18:38

Gannet77 Better Results In Q2, But Still Some Evidence Of Strain A weakening economy is typically good news for pawn lenders like FirstCash, and the company saw healthy growth in pawn receivables this quarter, with 11% samestore growth in the U.S. operations and 8% growth in the Latin American operations. As confident as I am in the near-term outlook for the pawn business, I'm more cautious on the AFF POS business. Transaction volume decreased 2% as reported this quarter, but same-door transaction volume wa ...