Lower costs boost Rent-A-Center profit

Plano, Texas – Reductions in labor hours and store expenses, as well as a sourcing and distribution initiative, helped boost profit at Rent-A-Center Inc. in the second quarter of fiscal 2015. Net income rose 31% to $23.15 million, from $17.68 million the same quarter a year earlier.



Consolidated revenue also performed well, growing 6% to $815.34 million from $768.43 million. Consolidated same-store sales increased 7.5%, aided by especially strong performance in Mexico stores.