Rent-A-Center, Inc. Reports Second Quarter Results

Rent-A-Center, Inc. RCII, the nation’s largest rent-to-own operator, today announced revenues and earnings for the quarter ended June 30, 2010. Total revenues for the quarter ended June 30, 2010, were $671.5 million, a decrease of $8.1 million from total revenues of $679.6 million for the same period in the prior year. This decrease in revenues was primarily attributable to the November 2009 divestiture of dPi Teleconnect, LLC, Rent-A-Center’s subsidiary engaged in the prepaid telecommunications and energy business, which had contributed approximately $14.0 million in merchandise sales for the quarter ended June 30, 2009. Same store sales for the quarter ended June 30, 2010, increased 0.1%.