As of July 21, 2011, there were 30,841,773 shares of common stock outstanding.
First Cash Reports Second Quarter EPS of $0.48, Up 45%; Same-Store Sales Increase 17%; Raising Estimate for 2011 Store Openings
ARLINGTON, Texas, July 20, 2011 (GLOBE NEWSWIRE) -- First Cash Financial Services, Inc. (Nasdaq:FCFS) today announced record-setting revenue, net income and earnings per share for the three months ended June 30, 2011. Diluted earnings per share from continuing operations for the second quarter were $0.48, an increase of 45% over the prior year. The Company continued to post strong growth in revenue, operating margins and profits based on the strength of pawn operations in both the U.S. and Mexico and updated its earnings per share guidance to a range of $2.16 to $2.20, increasing the lower end of the range by $0.04 per share. In addition, the Company raised its previously estimated range of 70 to 80 store additions for fiscal 2011 to an updated forecast of 80 to 85 new locations. About First Cash
First Cash Financial Services, Inc. is a leading specialty retailer and provider of consumer financial services. Its pawn stores make small loans secured by pledged personal property, retail a wide variety of jewelry, electronics, tools and other merchandise, and in many locations, provide short-term loans and credit services products. The Company's short-term loan locations provide various combinations of short-term loan products, check-cashing, credit services and other financial services products. First Cash also operates automobile dealerships focused on the "buy-here/pay-here" segment of the used-vehicle retail market. In total, the Company owns and operates over 475 stores and buy-here/pay-here dealerships in thirteen U.S. states and eleven states in Mexico. First Cash is also an equal partner in Cash & Go, Ltd., a joint venture, which owns and operates 39 check-cashing and financial services kiosks located inside convenience stores.
First Cash is a component company in both the Standard & Poor's SmallCap 600 Index(r) and the Russell 2000 Index(r). First Cash's common stock (ticker symbol "FCFS") is traded on the Nasdaq Global Select Market, which has the highest initial listing standards of any stock exchange in the world based on financial and liquidity requirements.