DFC Global Corp. (formerly Dollar Financial Corp.) (NASDAQ:
DLLR), a leading international diversified financial services
company serving primarily unbanked and under-banked consumers for
over 30 years, today announced its results for the fiscal first
quarter ended September 30, 2011.
Fiscal 2012 First Quarter Highlights
- Consolidated total revenue grew to a
record $261.6 million for the quarter, an increase of $87.4
million, or 50.2%, compared to the three months ended September 30,
2010. On a constant currency basis, total consolidated revenue
increased by $76.5 million, or 43.9%.
- Total consumer lending revenue
increased to $157.0 million for the quarter, representing an
increase of $65.0 million, or 70.7%, compared to the prior year
period. Revenue from internet-based loans grew to $59.2 million for
the quarter compared to $11.6 million for the three months ended
September 30, 2010.
- Total revenue from pawn lending
increased to $20.8 million for the three months ended September 30,
2011 compared to $6.3 million for the prior year period. Pawn
lending represented 8.0% of total consolidated revenue for the
three months ended September 30, 2011 compared to 3.6% for the
prior year’s quarter.
- Consolidated adjusted EBITDA was a
record $74.0 million for the three months ended September 30, 2011,
representing an increase of $25.0 million, or 51.0%, compared to
the prior year’s quarter, while also increasing by $20.8 million,
or 42.4%, on a constant currency basis during the same period.
- Diluted operating earnings per share
was $0.50 for the fiscal 2012 first quarter compared $0.32 for the
first quarter of the prior fiscal year, representing an increase of
56.3%.
Discussion on Presentation of Information
The U.S. Dollar was weaker in relation to the Canadian Dollar
during the quarter, as compared to the prior year period, with the
average value of the Canadian Dollar increasing approximately 6%
relative to the U.S. Dollar. In addition, the average value of the
British Pound Sterling increased approximately 4% when measured
against the U.S. Dollar during the same period. Consequently,
fluctuations in currency rates had a moderate affect on a net basis
on year-over-year comparisons of the Company’s consolidated
financial results. As a result, the Company is providing some
country comparisons on a constant currency basis.
Fiscal 2012 First Quarter Overview
Commenting on the first quarter, Jeff Weiss, the Company’s
Chairman and Chief Executive Officer, stated, “I am pleased to
announce another quarter of record results for our Company. Total
consolidated revenue for the quarter increased by 50.2% to a record
$261.6 million, while total adjusted EBITDA increased by 51.0% to a
record $74.0 million. Including the recent acquisition of the
Risicum internet lending business in Scandinavia, total consumer
lending revenue increased by 70.7%, or $65.0 million, over the
prior year’s quarter. Moreover, aggregate revenue derived from
internet lending in the United Kingdom, Scandinavia and Canada grew
to $59.2 million for the quarter compared to $11.6 million for the
three months ended September 30, 2010.”
Jeff Weiss continued, “In July 2011, we announced the
acquisition of Risicum, the leading provider of internet loans in
Finland and headquartered in Helsinki. Established in 2005, Risicum
provides loans predominantly in Finland through both internet and
mobile phone technology, utilizing multiple brands to target
specific customer demographics. Risicum also provides internet and
telephony-based loans in Sweden. The acquired technology and
collections platform is scalable for growth and exportable to other
countries in Northern Europe. Additionally, the acquisition further
expands our global footprint and product portfolio to originating
unsecured short-term loans in Finland and Sweden, which nicely
dovetails with our market position as the leading pawn lender in
Scandinavia. Given its long-standing product regulations and
fragmented competitive landscape, Scandinavia continues to be a
strategic market for our products and services. As a result of this
acquisition, we now offer internet loans in four countries (U.K.,
Finland, Sweden, and Canada) and we expect to add other European
countries to this list in the foreseeable future.
“Internet lending is currently our fastest growing product, and
thus far, we have seen very little overlap between our internet and
store based customers. The internet channel seems to be attracting
a new and slightly younger demographic to our customer base, who is
technology savvy and prefers to transact business on-line as
opposed to in a storefront location. Another benefit of the
internet is that it extends our customer reach to less populated
areas, where a store-based model may not be practical or
economical. We believe the internet channel is also one of the most
efficient and cost-effective ways to access the ALICE (or
Asset-Limited, Income-Constrained, Employed) population in new
countries, as it enables quicker access to these customers without
having to first construct or acquire a more expensive store
network.”
Jeff Weiss continued, “Our second fastest growing product,
secured pawn lending, contributed $20.8 million of revenue during
the quarter, more than tripling the $6.3 million of revenue for the
three months ended September 30, 2010. Including the acquisition of
Sefina, our total pawn loan book for the United Kingdom and
Scandinavia combined was $137.0 million at the end of the quarter,
compared to $39.0 million as of September 30, 2010. We believe this
positions us as the largest pawn loan provider in Europe by loan
book size and the third largest provider worldwide. Since pawn
loans are provided based on secured collateral, as opposed to
employment or future earnings, demand for pawn loans tends to be
strong regardless of economic environment, which we believe further
insulates our business from the effects of changes in general
economic conditions. Pawn lending is one of the oldest, most
understood and generally accepted businesses around the world, and
in many countries is a primary source of credit for a variety of
socio-economic groups. Today, in many parts of the world pawn
lending resides primarily in the form of smaller “mom and pop” type
establishments, particularly in Europe. Our opportunity and
strategy is to consolidate the pawn lending industry in targeted
European countries through the acquisition of these smaller store
chains, by leveraging our extensive product knowledge, strong
management team and back-office infrastructure in both the United
Kingdom and Scandinavia.”
Fiscal 2012 First Quarter Business Update
Total consolidated revenue in the United Kingdom increased by
£35.6 million, or 89.3%, for the quarter compared to the three
months ended September 30, 2010. Consumer lending revenue grew by
£29.9 million, or 141.2%, for the three months ended September 30,
2011, compared to the first quarter of the prior fiscal year,
reflecting additional revenue from the Company’s internet lending
businesses, as well as continued strong performance and growth of
the “bricks and mortar” store based business. Same store sales in
the United Kingdom with respect to consumer lending, which
considers stores that were open for at least fifteen months,
increased by a very strong 36.8% during the quarter. Revenue from
internet lending in the United Kingdom, which was bolstered by the
acquisition of the MEM internet lending business in April 2011,
increased to £31.1 million for the quarter ended September 30,
2011, compared to £7.4 million for the prior year’s quarter.
Finally, the United Kingdom pawn lending business contributed £6.8
million of total revenue for the quarter, representing growth of
68.1% over the prior year period. Additionally, the Company opened
19 new stores in the United Kingdom during the quarter, which
amounts to 74 new store openings over the past twelve months.
Total consolidated revenue in Canada increased by C$6.0 million,
or 7.8%, over the prior year’s quarter. Consumer lending revenue
increased by C$3.1 million, or 7.2%, for the fiscal first quarter,
reflecting new customer growth from the Company’s television
advertising campaigns designed to highlight its competitive pricing
advantage to customers. The Company’s newly developed internet
lending channel in Canada generated C$0.7 million of total revenue
for the quarter, and is expected to increase in future quarters as
the Company further expands this product into additional provinces
and territories. Debit card sales in Canada increased by 22.9% for
the quarter as a result of a renewed focus on customer loyalty
programs.
Sefina, the Scandinavian secured pawn lending business acquired
in December 2010, contributed $9.9 million of total revenue and
$4.4 million of adjusted EBITDA for the three months ended
September 30, 2011. The pawn loan book for the 28 stores in Sweden
and Finland, which is primarily composed of loans on high-quality
gold and fine jewelry, was $74.3 million at the end of the fiscal
quarter. Risicum, the internet and telephony based lending business
operating in Sweden and Finland, contributed $8.3 million of
revenue and $3.5 million of EBITDA during the quarter.
The consolidated loan loss provision, expressed as a percentage
of gross consumer lending revenue, was 20.2% for the quarter ended
September 30, 2011 compared to 18.0% for the three months ended
June 30, 2011, and represents an aggregation of both store-based
loans and a rapidly growing proportion of internet loans in the
United Kingdom, Scandinavia and Canada. Internet loans typically
carry higher loan losses, but with significantly lower fixed
operating costs than the Company’s existing store based businesses
in those countries. Looking to the future, and considering the
anticipated continued growth of the Company’s global internet
lending business in relation to its store-based businesses, the
Company expects the consolidated loan loss provision, expressed as
a percentage of lending revenue, to continue to increase moderately
on a quarterly basis, but with overall profit margins for the
internet lending business comparable to the existing store based
businesses. As a percentage of loan originations or principal lent,
the consolidated loan loss provision for the quarter ended
September 30, 2011 was 4.2%. With respect to the recent weakening
economic environment, the Company is prepared to tighten its
lending criteria if the global economies further deteriorate, as it
had successfully done in previous recessionary periods.
Fiscal 2012 First Quarter Financial Results
For the three months ended September 30, 2011, the Company
incurred $22.1 million of net one-time charges, principally related
to a $16.8 million net unrealized, non-cash mark-to-market
valuation loss on the Company’s debt and legacy cross-currency
interest rate swap agreements, and a $4.0 million provision for
litigation settlements. Including these net one-time charges,
income before income taxes on a GAAP basis was $8.7 million for the
quarter compared to income before income taxes of $18.3 million for
the first quarter of the previous fiscal year. Reflecting the
non-deductibility of the non-cash mark-to-market valuation loss on
the Company’s debt and legacy cross-currency interest rate swap
agreements in Canada, the effective income tax rate for the three
months ended September 30, 2011 was 124.1% on a GAAP basis,
resulting in a reported net loss of $2.1 million compared to net
income of $12.2 million for the first quarter of the previous
fiscal year. Likewise, reflecting the net impact of the non-cash
mark-to-market valuation charges for the quarter, diluted earnings
per share on a GAAP basis was a loss of $0.05 for the fiscal 2012
first quarter, compared to net diluted earnings of $0.33 per share
for the first quarter of the previous fiscal year.
Regarding operating earnings for the first quarter, excluding
the net non-recurring charges for the quarter, the non-cash
interest expense resulting from the adoption of ASC 470-20, and the
non-cash amortization associated with the legacy cross-currency
interest rate swap agreements, pro forma income before income taxes
was $34.7 million for the quarter, an increase of 87.6% compared to
$18.5 million for the three months ended September 30, 2010.
Considering a pro forma effective income tax rate from operations
of 34.0%, diluted operating earnings per share was $0.50 for the
fiscal 2012 first quarter compared to $0.32 for the first quarter
of the previous fiscal year, representing an increase of 56.3%. A
table reconciling pro forma income before income taxes and diluted
operating earnings per share to GAAP basis income before income
taxes and GAAP basis diluted earnings per share is included on page
11 of this News Release.
Company Liquidity
As of September 30, 2011, the Company’s debt structure consisted
of a $44.8 million tranche of U.S. senior convertible notes due
2027 and a $120.0 million tranche of U.S. senior convertible notes
due 2028. In addition, the Company has a $600.0 million tranche of
senior unsecured notes that are not due until December 2016. Thus,
there are presently no mandatory debt principal payment obligations
for the Company until potentially the first put date of December
2012 for the $44.8 million tranche of U.S. senior convertible
notes.
As of September 30, 2011, the Company had drawn $134.6 million
of its $200.0 million global revolving credit facility.
Furthermore, as of September 30, 2011, the Company had drawn £5.3
million of its £7.0 million credit facility in the United Kingdom,
and had drawn SEK 257.0 million and EUR 16.9 million of its total
SEK 325.0 million and EUR 17.5 million credit facilities in
Scandinavia, in order to fund the growth of the U.K. business and
growth of the pawn pledge book in Scandinavia, respectively.
Fiscal Year 2012 Outlook
Considering the recent volatility of the U.S. Dollar principally
in relation to the Canadian and United Kingdom currencies over the
past several weeks, which naturally affects the translation of the
Company’s substantial international financial results into U.S.
Dollars per GAAP, the Company is reaffirming its earnings guidance
for fiscal year 2012 of adjusted EBITDA between $295.0 million and
$310.0 million and operating diluted earnings per share, which
excludes any one-time charges or gains that may occur, the non-cash
impact of ASC-470-20, and the non-cash amortization associated with
the legacy cross-currency interest rate swap agreements, of between
$2.00 and $2.15 per share. The operating earnings per share
guidance considers an effective income tax rate from operations of
34.0%.
Investors Conference Call
The Company will be holding an investor’s conference call on
October 27, 2011 at 5:00 pm ET to discuss its results for the
fiscal first quarter ended September 30, 2011. Investors can
participate in the conference call by dialing (888) 200-2794 (U.S.
and Canada) or (973) 935-8766 (International); use the confirmation
code "Dollar”. Hosting the call will be Jeffrey A. Weiss, Chairman
and CEO, and Randy Underwood, Executive Vice President and CFO. For
your convenience, the conference call can be replayed in its
entirety beginning from two hours after the end of the call through
November 10, 2011. If you wish to listen to the replay of this
conference call, please dial (855) 859-2056 (U.S. and Canada) or
(404) 537-3406 (International) and enter passcode "15949256.”
The conference call will also be broadcast live through a link
on the Investor Relations page on the Company’s web site at
http://www.dfcglobalcorp.com. Please go to the web site at least 15
minutes prior to the call to register, download and install any
necessary audio software.
About DFC Global Corp.
DFC Global Corp. is a leading international diversified
financial services company serving primarily unbanked and
under-banked consumers and small business owners who, for reasons
of convenience and accessibility, purchase some or all of their
financial services from the Company rather than from banks and
other financial institutions. Through its approximately 1,300
retail storefront locations, multiple Internet websites and mobile
phone and other remote platforms, the Company provides a variety of
consumer financial products and services in seven countries across
North America and Europe—Canada, the United Kingdom, the United
States, Sweden, Finland, Poland and the Republic of Ireland. The
Company believes that its customers, many of whom receive income on
an irregular basis or from multiple employers, are drawn to the
range of financial services it offers, the convenience of its
products, the multiple ways in which they may conduct business with
the Company and its high-quality customer service.
The Company’s products and services, principally its short-term
single-payment consumer loans, secured pawn loans, check cashing
services and gold buying services, provide customers with immediate
access to cash for living expenses or other needs. The Company
strives to offer its customers additional high-value ancillary
services, including Western Union® money order and money transfer
products, foreign currency exchange, reloadable VISA® and
MasterCard® prepaid debit cards and electronic tax filing. In
addition to its core retail products, the Company also provides
fee-based services in the United States to enlisted military
personnel applying for loans to purchase new and used vehicles that
are funded and serviced under an exclusive agreement with a major
third-party national bank through the Company’s branded Military
Installment Loan and Education Services, or MILES®, program.
The Company’s networks of retail locations in Canada and the
United Kingdom are the largest of their kind by revenue in each of
those countries. The Company believes it is also the largest pawn
lender in Europe by revenue. At September 30, 2011, the Company’s
global retail operations consisted of 1,285 retail storefront
locations, of which 1,219 are company-owned stores, conducting
business primarily under the names Money Mart®, The Money Shop®,
Insta-Cheques®, mce®, Suttons and Robertson®, The Check Cashing
Store®, Sefina®, Helsingin PanttiSM, Optima® and MoneyNow!®. In
addition to its retail stores, the Company also offers
Internet-based short-term single-payment consumer loans in the
United Kingdom primarily under the brand names Payday Express® and
PaydayUK®, in Canada under the Money Mart name, and Finland and
Sweden primarily under the Risicum® and OK Money® brand names. For
more information, please visit the Company's website at
www.dfcglobalcorp.com.
Forward-Looking Statements
This news release contains forward looking statements,
including, among other things, statements regarding the following:
pending or recent acquisitions and their expected benefits; the
Company’s future results, growth, guidance and operating strategy;
the global economy; the effects of currency exchange rates on
reported operating results; the regulatory environment in Canada,
the United Kingdom, the United States, Scandinavia and other
countries; the impact of future development strategy, new stores
and acquisitions; litigation matters; expected financing
initiatives; and the performance of new products and services.
These forward looking statements involve risks and uncertainties,
including risks related to: the regulatory environments; current
and potential future litigation; the identification of acquisition
targets; the consummation of announced pending acquisitions, the
integration and performance of acquired stores and businesses; the
performance of new stores; the impact of debt and equity financing
transactions; the results of certain ongoing income tax appeals;
the effects of new products and services on the Company’s business,
results of operations, financial condition, prospects and guidance;
and uncertainties related to the effects of changes in the value of
the U.S. Dollar compared to foreign currencies. There can be no
assurance that the Company will attain its expected results,
successfully consummate announced pending acquisitions,
successfully integrate and achieve anticipated synergies from any
of its acquisitions, obtain acceptable financing, or attain its
published guidance metrics, or that ongoing and potential future
litigation or the various FDIC, Federal, state, Canadian, U.K.,
Scandinavia or other foreign legislative or regulatory activities
affecting the Company or the banks with which the Company does
business will not negatively impact the Company’s operations. A
more complete description of these and other risks, uncertainties
and assumptions is included in the Company’s filings with the
Securities and Exchange Commission, the Company’s annual reports
and Forms 10-Q and 10-K. You should not place any undue reliance on
any forward-looking statements. The Company disclaims any
obligation to update any such factors or to publicly announce
results of any revisions to any of the forward-looking statements
contained herein to reflect future events or developments.
Presentation of Information in this Press Release
In an effort to provide investors with additional information
regarding the Company’s results, the Company has also disclosed in
this press release the following information which management
believes provides useful information to investors:
- Local currency results (the reported
results for each country in their respective native
currencies).
- Constant currency results (the Company
calculates constant currency operating results by comparing current
period operating results with prior period operating results, with
both periods converted at the currency exchange rates for the prior
period).
- Pro forma operating results excluding
one-time and non-cash charges and credits and adjusted for pro
forma effective income tax rates.
DFC GLOBAL CORP. UNAUDITED CONSOLIDATED BALANCE
SHEETS (In millions) June 30,
September 30, 2011 2011 Assets:
Cash and cash equivalents $ 189.0 $ 196.5 Consumer loans, net:
Consumer loans 176.8 188.2 Less: Allowance for loan losses
(14.9 ) (16.6 ) Consumer loans, net 161.9 171.6 Pawn loans
136.2 137.0 Loans in default, net 13.8 24.2 Prepaid expenses and
other current assets 69.7 67.2 Deferred tax assets, net 21.3 18.9
Property and equipment, net 100.0 100.4 Goodwill and other
intangibles, net 932.0 922.2 Debt issuance costs, net and other
assets 38.9 36.6
Total
Assets $ 1,662.8 $ 1,674.6
Liabilities: Accounts and income taxes payable $ 74.8 $ 59.7
Accrued expenses and other liabilities 162.8 159.8 Fair value of
derivatives 73.9 44.2 Deferred tax liability 53.8 54.4 Revolving
credit facilities and other short-term debt 95.7 168.3 Total
long-term debt 775.2 766.1
Total
Liabilities 1,236.2 1,252.5
Stockholders' Equity: Additional paid-in capital 469.2 471.6
Accumulated deficit (49.7 ) (51.8 ) Accumulated other comprehensive
income 7.6 3.0 Total DFC Global Corp.
Stockholders' Equity 427.1 422.8 Non-controlling interest
(0.5 ) (0.7 ) Total Stockholders' Equity 426.6
422.1
Total Liabilities and Stockholders'
Equity $ 1,662.8 $ 1,674.6
DFC GLOBAL
CORP. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions except per share amounts)
Three Months Ended September 30, 2010
2011 Revenues: Fees from consumer lending $
92.0 $ 157.0 Check cashing fees 35.3 36.2 Pawn service fees and
sales 6.3 20.8 Purchased gold sales 11.1 15.9 Money transfer fees
7.2 9.6 Other 22.3 22.1 Total revenues
174.2 261.6 Operating expenses:
Salaries and benefits 40.7 53.8 Provision for loan losses 14.0 31.8
Occupancy costs 11.6 15.0 Advertising 5.8 14.0 Depreciation 3.6 5.6
Bank charges and armored carrier services 3.8 5.4 Maintenance and
repairs 3.3 4.1 COGS - purchased gold 7.7 12.1 Other 15.4
23.5 Total operating expenses 105.9
165.3 Operating margin 68.3
96.3 Corporate and other expenses: Corporate
expenses 25.4 31.1 Interest expense, net 21.6 24.5 Other
depreciation and amortization 2.7 6.4 Unrealized foreign exchange
(gain) loss (14.6 ) 42.4 (Gain) loss on derivatives not designated
as hedges 13.8 (20.8 ) Reserve for litigation settlements 0.2 4.0
Loss on store closings and other 0.9 -
Income before income taxes (incl. non-controlling interest) 18.3
8.7 Income tax provision 6.1 10.8 Net
income (loss) $ 12.2 $ (2.1 ) Net income
(loss) per share Basic $ 0.34 ($0.05 ) Diluted $ 0.33 ($0.05 )
Weighted average shares outstanding Basic 36.4 43.7 Diluted
37.3 43.7
Pro forma Net Income Reconciliation
Pro forma net income is not an item prepared in accordance with
GAAP. The Company defines pro forma net income as net income
adjusted to exclude one-time and non-cash charges and credits as
described below, and diluted operating earnings per share as pro
forma net income divided by weighted average diluted shares
outstanding. The Company presents pro forma net income and diluted
operating earnings per share as indications of its financial
performance excluding one-time and other net non-cash charges and
to show comparative results of its operations. Not all companies
calculate pro forma net income or diluted operating earnings per
share in the same fashion, and therefore these amounts as presented
may not be comparable to other similarly titled measures of other
companies. The table below reconciles income before income taxes as
reported on the Company’s Unaudited Consolidated Statements of
Operations to pro forma net income (dollars in millions) and
diluted operating earnings per share:
DFC GLOBAL CORP. PRO FORMA NET INCOME (excluding one-time
items & effects of ASC 470-20) (In millions except per
share amounts) Three Months Ended
September 30, 2010 2011 Income
before income taxes (incl. non-controlling interest) $ 18.3 $ 8.7
Pro forma adjustments: Non-cash interest on convertible debt
(ASC 470-20) 2.0 2.2 Unrealized foreign exchange (gain) loss (14.6
) 42.4 Non-cash impact of hedge ineffectiveness 9.5 (25.6 )
Cross-currency swap amortization 1.6 1.7 Reserve for litigation
settlements 0.2 4.0 Acquisition costs expensed 1.1 1.1 Loss on
store closings and other 0.4 0.2 Pro
forma income before income taxes 18.5 34.7 Pro forma income taxes
(35% for 2010; 34% for 2011) 6.5 11.8
Pro forma net income $ 12.0 $ 22.9
Weighted average diluted shares outstanding 37.3
46.0 Diluted operating earnings per share $
0.32 $ 0.50 Diluted GAAP earnings (loss) per
share $ 0.33 $ (0.05 )
Adjusted EBITDA Reconciliation
Adjusted EBITDA is not a financial measure prepared in
accordance with GAAP. The Company defines Adjusted EBITDA as
earnings before interest expense, income tax provision,
depreciation and amortization, stock-based compensation expense,
loss on store closings, litigation settlements, and other items
described below. The Company presents Adjusted EBITDA as an
indication of operating performance, as well as its ability to
service its future debt and capital expenditure requirements.
Adjusted EBITDA does not indicate whether the Company’s cash flow
will be sufficient to fund all of its cash needs. Adjusted EBITDA
should not be considered in isolation or as a substitute for net
income, cash flows from operating activities, or other measures of
operating performance or liquidity determined in accordance with
GAAP. Not all companies calculate Adjusted EBITDA in the same
fashion, and therefore these amounts as presented may not be
comparable to other similarly titled measures of other companies.
The table below reconciles income before income taxes as reported
on the Company’s Unaudited Consolidated Statements of Operations to
Adjusted EBITDA (dollars in millions):
Three Months Ended September 30, 2010
2011 Income before income taxes (incl.
non-controlling interest) $ 18.3 $ 8.7 Add: Depreciation and
amortization 6.3 12.0 Interest expense, net 21.6 24.5 Stock based
compensation expense 2.0 2.1 Unrealized foreign exchange (gain)
loss (14.6 ) 42.4 (Gain) loss on derivatives not designated as
hedges 13.8 (20.8 ) Reserve for litigation settlements 0.2 4.0
Acquisition costs expensed 1.1 1.1 Loss on store closings and other
0.3 - Adjusted EBITDA $ 49.0 $
74.0
DFC GLOBAL CORP. UNAUDITED STORE
DATA Three Months Ended September
30, 2010 2011 Beginning
Company-Operated Stores United States 325 312 Canada 403 455
United Kingdom 330 400 Poland 0 3 Sweden 0 16 Finland 0 12
Total Beginning Company-Operated Stores 1,058 1,198
De novo Store Builds United States 0 0 Canada
0 1 United Kingdom 14 19 Poland 1 1 Sweden 0 0 Finland 0 0
Total 15 21
Acquired Stores
United States 0 0 Canada 0 2 United Kingdom 0 0 Poland 0 0 Sweden 0
0 Finland 0 0 Total 0 2
Closed Stores United States 4 1 Canada 0 0 United Kingdom 2
1 Poland 0 0 Sweden 0 0 Finland 0 0 Total 6 2
Ending Company-Operated Stores United States
321 311 Canada 403 458 United Kingdom 342 418 Poland 1 4 Sweden 0
16 Finland 0 12
Total Ending Company-Operated
Stores 1,067 1,219 Ending
Franchise/Agent Stores U.S. 6 0 Canada 62 20 U.K. 58 46
Total Ending Franchise/Agent Stores 126
66 Total Ending Store Count
1,193 1,285
Dfc Global Corp (MM) (NASDAQ:DLLR)
Historical Stock Chart
From Sep 2024 to Oct 2024
Dfc Global Corp (MM) (NASDAQ:DLLR)
Historical Stock Chart
From Oct 2023 to Oct 2024