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Rent-A-Center highlights strategic plan

Published 05/18/2017, 09:04 AM
© Reuters.  Rent-A-Center highlights strategic plan
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  • Rent-A-Center (NASDAQ:RCII) files an investor presentation with the SEC ahead of its annual sharehoilder meeting scheduled for June 8.
  • The presentation include a new strategic plan to restore long-term growth and drive profitability.
  • Financial targets set by the company: Revenue growth in the mid-single digits by 2019; EBITDA margin of 9.5% to 10.5% by 2019; free cash flow between $110 million and $130 million by 2019; EPS of $2.00 to $2.25 by 2019.
  • Rent-A-Center also makes the case that its nominees are superior to those supported by Engaged Capital.
  • Source: Press Release
  • Now read: AerCap: Freeing Up Capital Through Aircraft Sales


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