Rent-A-Center, Inc. (RCII) Q2 2022 Earnings Conference Call August 4, 2022 8:30 AM ET

Company Participants

Brendan Metrano - Vice President, Investor Relations

Mitch Fadel - Chief Executive Officer

Maureen Short - Chief Financial Officer

Conference Call Participants

Jason Haas - Bank of America

Bobby Griffin - Raymond James

Kyle Joseph - Jefferies

Brad Thomas - KeyBanc Capital Markets

John Rowan - Janney

Operator

Good day and thank for standing by. Welcome to the Rent-A-Center’s Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, Mr. Brendan Metrano, Vice President of Investor Relations. Please go ahead.

Brendan Metrano

Good morning, and thank you all for joining us to discuss Rent-A-Center’s results for the second quarter of 2022. We issued our earnings release after the market closed yesterday. The release and all related materials, including a link to the live webcasts are available on our website at investor.rentacenter.com. On the call today from Rent-A-Center, we have Mitch Fadel, our CEO; and Maureen Short, our CFO.

As a reminder, some of the statements provided on this call are forward-looking statements, which are subject to factors that could cause actual results to differ materially from our expectations. These factors are described in our earnings release, as well as in the company's SEC filings.

Rent-A-Center undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law. This call will also include references to non-GAAP financial measures. Please refer to our second quarter earnings release, which can be found on our website, for a description of the non-GAAP financial measures and reconciliations to the most comparable GAAP financial measures.

With that, I'll turn the call over to Mitch.

Mitch Fadel

Thank you, Brendan and good morning, everyone, and thank you for joining the call today to review our first quarter results. On today's call, I’ll begin with an overview of second quarter performance followed by our plans for the remainder of the year and some perspective on the external environment and then Maureen will provide a more detailed review of our financial results and of course we'll finish up with Q&A.

While second quarter trends are down compared to stimulus enhanced 2021 results, we are encouraged by the performance of the business in the second quarter given the very different and more challenging macro environment we're experiencing this year.