ARLINGTON, Texas--(BUSINESS WIRE)--First Cash Financial Services, Inc. (Nasdaq:FCFS) today announced the opening of two Auto Master automotive dealerships, one located in North Little Rock and the other in Oklahoma City. The new dealerships total number of Auto Master locations in its three-state operating area.
and short-term advance locations, First Cash expects to open 72 new locations in Fiscal 2006, which is a record number of store-openings for dealerships in two new markets, stated Mr. Rick Wessel, Vice Chairman and Chief Executive Officer of First Cash. We located in Arkansas, Oklahoma and Missouri.
Both of the new locations For the year ending December 31, 2006, the Company projects that it will open a total of 72 new locations, which will be comprised of 26 pawn stores, 44 short-term advance stores and 2 Auto Master dealerships. Mr. Wessel noted, The 72 store openings in 2006 single year.
In addition, we were able to front-load a significant aggregate profitability in 2007. First Cash expects to be operating a total of 407 locations as of year end, which Looking ahead to 2007, the Company expects to open a combination of 75 dealerships. In total, the Company projects 78 to 85 combined unit openings for 2007, an increase of 19% to 21% over the current store base.
This release may contain forward-looking statements about the business, financial condition and prospects of First Cash Financial Services, Inc. Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be identified by the use or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy. Forward-looking statements strictly to historical or current matters.
Rather, forward-looking statements relate to anticipated or expected events, activities, trends or results. Because forward-looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties. Forward-looking statements in this release include, without limitation, the Company s expectations of store openings, and unit counts and expected new store profitability.
These statements are made to provide the public with business. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, there can be no assurances that such expectations will prove to be accurate. Security holders are uncertainties.
The forward-looking statements contained in this release speak only as of the date of this statement, and the Company expressly expectations or any change in events, conditions or circumstances on which any such statement is based. Certain factors may cause results to in this release. Such factors are difficult to predict and many are beyond the control of the Company and may include changes in regional, national or international economic conditions, changes in consumer borrowing and repayment behaviors, credit losses, changes or increases in competition, the ability to locate, open and staff new stores and dealerships, the availability or access to sources of inventory, inclement weather, the ability to successfully integrate acquisitions, the ability to retain key management personnel, the ability to operate with limited regulation as a credit services organization in Texas, new existing laws and regulations) affecting short-term advance businesses, credit services organizations, pawn businesses and buy-here/pay-here automotive retailers in both the U.
S. and Mexico, unforeseen litigation, changes in interest rates, changes in tax rates or policies, changes in gold prices, changes in energy prices, changes in used vehicle prices, cost of funds, changes in foreign currency exchange rates, future business decisions, and other uncertainties. These and other risks and 1A.
Risk Factors ) and updated in subsequent First Cash Financial Services, Inc. is a leading provider of specialty consumer financial services and related retail products. Its pawn stores make small loans secured by pledged personal property, retail pawned provide short-term advances and credit services products.
The Company s advance products, check-cashing, credit services and other financial services products. First Cash also operates automobile dealerships and segment of the used vehicle market. The Company owns and operates over 400 stores and buy-here/pay-here dealerships in 13 U.
S. states and 8 states in Mexico. In addition, First Cash is an equal partner in Cash Go, Ltd.
News RSS