CURO Group Holdings Corp. Announces Third Quarter 2019 Financial Results and Raises 2019 Adjusted Earnings Guidance
CURO Group Holdings Corp. (CURO)
Last curo group holdings corp. earnings: 5/1 04:00 pm
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US:NYSE Investor Relations:
ir.curo.com/news-releases/2018/02-01-2018-234246861
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Source: Business Wire
WICHITA, Kan.--(BUSINESS WIRE)--CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or the “Company”), a market leader in providing short-term credit to underbanked consumers, today announced financial results for its third quarter ended September 30, 2019.“We are pleased to report another excellent quarter that again exceeded our expectations,” said Don Gayhardt, President and Chief Executive Officer. “Our Adjusted Net Income nearly tripled year-over-year on strong loan portfolio growth and performance and operating expense discipline. We believe that general economic conditions continue to be strong for our customers and we are very focused on making disciplined credit and customer acquisition spending decisions. Our Canadian business delivered $15.3 million of non-GAAP Adjusted EBITDA versus a $3.4 million AEBITDA loss in the prior-year quarter and validated our decision to undertake a significant product transition in our Ontario operations. Our U.S. business continued to perform
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