David Scharf's questions to FirstCash Holdings (FCFS) leadership • Q1 2016
Question
In a follow-up, David Scharf of JMP Securities sought clarification on the timeline for entering Peru and Colombia, the expected combined tax rate, and the future of the remaining non-pawn operations.
Answer
Chairman and CEO Rick Wessel clarified that Colombia is the top priority for a de novo entry and estimated a pro forma tax rate of 34-35%. President and CEO Brent Stuart added that non-pawn operations would be a de minimis part of the business going forward (around 6% of revenue) and would be maintained but not expanded.