World Acceptance (WRLD) Misses Q4 EPS by $3.17, Sales Beat
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World Acceptance Corporation Reports Fiscal 2022 Fourth Quarter Results
May 5, 2022 7:30 AM EDTGREENVILLE, S.C.--(BUSINESS WIRE)-- World Acceptance Corporation (NASDAQ: WRLD) today reported financial results for its fourth quarter of fiscal 2022 and twelve months ended March 31, 2022.
Fourth quarter highlights
During its fourth quarter, the World Acceptance Corporation experienced exceptional growth in both loan balances and customer base relative to prior fourth quarters. While this growth initially depresses current earnings due to the day one provisioning for anticipated credit losses under the current accounting standards, it positions the company well for the future as these customers continue to generate... More
