EZCORP says tough economy is driving demand for short-term loans and pre-owned goods

EZCORP (NASDAQ:EZPW) CEO Lachlan Given tells Proactive’s Stephen Gunnion that the tough macro environment globally has been good for business as cash-strapped consumers seek short-term loans and demand for pre-owned goods rises.

Given attributes strong third-quarter results from the company to an intense focus on all its roughly 1,160 stores across the US, Mexico and Central America, as well as its 7,000-strong team of employees. A significant improvement in bottom-line profit was particularly pleasing, he adds.

“With the macro fundamentals the way they are, and I think more importantly with our team really focused on the right things to drive shareholder value …it’s a really exciting time to get involved at EZCorp.”

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