BTN Red Flag Note- Upbound Group, Inc. (UPBD)
Multiple unsustainable benefits helped the company top Q4 estimates
Upbound Group (UPBD) leases household items on a rent-to-own basis in the US, Mexico, and Puerto Rico. The company’s Q4’24 EPS topped estimates by 3 cps while sales outperformed by 2%. However, we saw several reasons to question the quality of the company’s earnings and the beat in Q4/24.
Let’s get behind the numbers…