« Panda Power announces new electric plant in Temple | Main | Texas hosts several of the nation's biggest for-profit hospitals »


First Cash reports record financial results

Arlington-based First Cash Financial Services, operator of pawn shops and consumer lending stores, said Tuesday it racked up record revenue, net income and earnings per share in the year's second quarter. First Cash earned $16.3 million on revenues of $132.8 million. Earnings per share of 56 cents matched Wall Street expectations. Operations in Mexico, which account for 57 percent of the company's revenues, were up 22 percent from a year earlier, after adjusting for currency exchange rates. U.S. revenues grew 15 percent. Pawn merchandise sales and pawn loan fees accounted for most revenue, with short-term "payday" loans accounting for 9 percent. First Cash said it had 518 stores in Mexico and 263 in the U.S. as of June 30.

-- Jim Fuquay


TrackBack URL for this entry:

Listed below are links to weblogs that reference First Cash reports record financial results:


Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.


Category Cloud

Blog powered by TypePad
Member since 01/2007