Upbound Group, Inc. (NASDAQ:UPBD) Q1 2024 Earnings Call Transcript

Fahmi Karam: Yes..

Anthony Chukumba: …but that remains the same. So yes, what percentage is floating rate? Thanks.

Fahmi Karam: It’s about $850 million of the variable to add a little bit higher than that of the $1.3 billion.

Anthony Chukumba: Got it. That’s helpful. Thanks. Congrats on the strong start to the year and good luck with the remainder of the year.

Fahmi Karam: Thanks, Anthony.

Mitch Fadel: Thanks, Anthony.

Operator: Thank you. This concludes the question and answer session. I would now like to turn it back to Mitch for closing remarks.

Mitch Fadel: Thank you very much. Thank you, operator and thank you to everyone who joined us today for an update on our on our first quarter performance and further in our outlook for the remainder of the year. Certainly, I’m grateful for the collective efforts of our team and our merchants who helped deliver such strong GMV and the positive same-store sales results for the quarter. So a very grateful to everyone, the hard work our coworkers and certainly thankful for your interest and support as well. And we look forward to updating you — two more towards the middle of the year and our continued progress towards our near, mid and long-term goals. So have a great day everyone. Thank you.