Rent-A-Center, Inc. (RCII) Q1 2022 Earnings Conference Call May 5, 2022 8:30 AM ET

Company Participants

Brendan Metrano - IR

Mitch Fadel - CEO

Maureen Short - CFO

Conference Call Participants

Kyle Joseph - Jefferies

Bobby Griffin - Raymond James

Jason Haas - Bank of America

Anthony Chukumba - Loop Capital Markets

John Rowan - Janney

Brad Thomas - KeyBanc Capital Markets

Carla Casella - JPMorgan

Operator

Good day, ladies and gentlemen, and thank for standing by. Welcome to the Rent-A-Center First 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]. As a reminder, this conference call is being recorded [Operator instructions].

At this time, I'd like to turn the conference over to Mr. Brendan Metrano.

Brendan Metrano

Good morning, and thank you all for joining the Rent-A-Center team to discuss our results for the first 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 Web site at investor.rentacenter.com. On the call today from Rent-A-Center, we have Mitch Fadel, our CEO; and Maureen Short, 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 first quarter earnings release, which can be found on our Web site, 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. Good morning, everyone. And thank you for joining the call today to review our results for the first quarter of 2022. I'll begin today's call with some high level comments on the company's key objectives and progress, followed by a review of financial and operational highlights and then an update on our plans for the year. After that Maureen will provide a more detailed review of our financial results and then we'll finish of course with Q&A. Following the challenges we had at Acima in the second half of 2021, our primary objective for this year is getting the company back in a position to successfully execute the growth strategy we developed last year with the acquisition.