FirstCash (NASDAQ: FCFS) — Company Overview, News & Financial Data
FirstCash operates pawn stores offering quick loans and second-hand goods to cash-constrained consumers in the US and Latin America.
FirstCash
FirstCash is an operator of retail pawn stores and provider of specialty consumer financial services. The company operates retail pawn locations across North America, Latin America, and Europe, primarily serving cash- and credit-constrained consumers. Its stores issue small non-recourse pawn loans secured by personal property such as jewelry, electronics, power tools, appliances, sporting goods, and musical instruments. Additionally, FirstCash engages in retail sales of pre-owned merchandise and gold, offers layaway payment options, and provides retail point-of-sale payment solutions through lease-to-own financing services.
Snapshot
Operations
Products and/or services of FirstCash
- Pawn Loans: Issuance of small, non-recourse collateralized loans secured by personal property such as gold jewelry, consumer electronics, power tools, and musical instruments across more than 3,300 retail locations without requiring traditional customer credit checks.
- Retail Sales: Direct selling of pre-owned merchandise and forfeited collateral, including electronics, jewelry, tools, appliances, sporting goods, and musical instruments to retail consumers through physical pawn store storefronts across North America, Latin America, and Europe.
- Precious Metals Trading: Direct purchasing and retail selling of gold, silver, and platinum items from consumers for immediate cash payouts, alongside scrap precious metals processing and retail jewelry merchandising within company store networks.
- Layaway Programs: Provision of installment payment options for retail store customers to secure pre-owned merchandise purchases with an initial down payment, allowing full payment completion over specified layaway timeframes prior to item pickup.
- Point-of-Sale Payment Solutions: Provision of technology-driven lease-to-own financing and non-prime consumer payment solutions for third-party retail merchants and e-commerce platforms, expanding consumer credit accessibility beyond traditional brick-and-mortar pawn store operations.
- International Retail Pawn Operations: Operation and expansion of retail pawn shop networks throughout Latin America, including Mexico, Guatemala, Colombia, and El Salvador, as well as the United Kingdom under established regional brand banners.
FirstCash executive team
- Mr. Rick L. WesselVice Chairman & CEO
- Mr. Thomas Brent StuartPresident & COO
- Mr. R. Douglas OrrExecutive VP, CFO, Treasurer & Secretary
- Mr. Raul R. RamosSenior Vice President of Latin American Operations
- Mr. Howard F HambletonAFF President
- Mr. Gar JacksonInvestor Relations-Global IR Group
- Mr. Peter H. Watson J.D.Senior Vice President of Compliance & Government Relations
- Mr. Sean D. MooreSenior Vice President of Store Development & Facilities