Financial Data and Key Metrics Changes - Non-GAAP diluted EPS increased by 41.2% year-over-year to $3.67, benefiting from a lower share count due to the share repurchase program [6][30] - Consolidated revenues declined by 5.7% from $612.1 million to $577.4 million, primarily driven by the decline in the Progressive Leasing segment [29][57] - Adjusted EBITDA for Progressive Leasing decreased from $80.4 million to $65.8 million, resulting in an adjusted EBITDA margin of 11.8% [28][60] - Gross margin improved by 210 basis points year-over-year to 32.9% [12][27] Business Line Data and Key Metrics Changes - Progressive Leasing GMV increased by 1.2% year-over-year, exceeding expectations, with strong performance during the holiday season [43][56] - E-commerce represented approximately 20% of total leasing GMV, with significant growth in new e-commerce retail partners [44] - SG&A expense as a percentage of revenue increased to 15% in Q4 2023 from 13.2% in Q4 2022, primarily due to increased marketing spend [58] Market Data and Key Metrics Changes - The company anticipates continued GMV headwinds in 2024, with a projected low-single-digit decline in Q1 GMV [81][50] - The macroeconomic environment remains challenging, with expectations of soft demand for consumer durable goods [33][18] Company Strategy and Development Direction - The company is focused on a three-pillar strategy: Grow, Enhance, and Expand, with resources allocated to various initiatives across these pillars [21][53] - The PROG Marketplace aims to double GMV in 2024, enhancing direct-to-consumer efforts [15] - The launch of PROG Labs R&D group is intended to improve productivity and customer experience through generative AI [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the health of the portfolio and cost structure despite ongoing economic pressures [7][20] - The company expects a challenging operating environment in 2024, with continued soft demand for leasable categories [18][33] - Management noted that tax refund season impacts GMV and customer liquidity, with expectations for a clearer picture by late March [19] Other Important Information - The Board approved a quarterly cash dividend of $0.12 per share and increased the share repurchase program to $500 million [30][52] - Curt Doman, Co-Founder and Chief Innovation Officer, will retire from his executive role but will remain as a senior adviser and Board member [23][24] Q&A Session Summary Question: What are the dynamics of write-offs in Q4? - Management indicated that write-offs were at the midpoint of their annual targeted range of 6% to 8%, with no significant degradation in portfolio quality [70][72] Question: How did January perform compared to e-commerce versus in-store? - January saw low-single-digit declines, with weather impacting in-store performance more than online [74] Question: What is the outlook for GMV in 2024? - The company expects GMV headwinds to continue, with a low-single-digit decline projected for Q1 [81][50] Question: How is the company managing SG&A expenses? - Management expects SG&A as a percentage of revenue to remain flat in 2024 due to restructuring actions taken [63] Question: What is the expected cash flow generation for 2024? - The relationship between EBITDA and free cash flow is expected to remain consistent, with GMV being a significant variable [110]

• Earnings before taxes of $28.5 million Revenue Non-GAAP EPS in millions February 21, 2024 Statements in this earnings supplement regarding our business that are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. Such forward-looking statements generally can be identified by the use of forward-looking terminology, such as "continue", "allow", "believe", "paya ...

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced financial results for the fourth quarter ended December 31, 2023, and the initiation of a quarterly cash dividend for shareholders, as well as a $500 million share repurchase authorization. " We were pleased to finish 2023 with financial results that matched or exceeded our outlook, as strong customer behavior and conversion rate ...

[Part I](index=6&type=section&id=PART%20I) [Business](index=6&type=section&id=Item%201.%20Business) PROG Holdings, Inc. is a financial technology holding company primarily focused on lease-to-own solutions through Progressive Leasing, operating in a highly regulated and competitive market with a strategy to grow GMV and enhance customer experience - PROG Holdings is a financial technology holding company whose primary operating segment, Progressive Leasing, provides lease-to-own solutions and constituted approximately **97% of consolidated revenues** for the year ended December 31, 2023[16](index=16&type=chunk)[20](index=20&type=chunk) - The company's strategy is centered on three pillars: growing Gross Merchandise Volume (GMV) through new and existing partners, enhancing the consumer experience via technology investment, and expanding its financial product ecosystem through R&D and strategic acquisitions[22](index=22&type=chunk) Progressive Leasing POS Partner Merchandise Category Revenue Mix | Merchandise Category | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | Furniture, Appliances and Electronics | 58% | 57% | 57% | | Jewelry | 15% | 17% | 17% | | Mobile Phones and Accessories | 15% | 14% | 12% | | Mattresses | 6% | 6% | 7% | | Automobile Electronics and Accessories | 3% | 3% | 4% | | Other | 3% | 3% | 3% | - During 2023, three Point-of-Sale (POS) partners each individually generated greater than 10% of the company's consolidated revenues, indicating significant partner concentration[33](index=33&type=chunk) - The business is subject to extensive federal and state regulation, including a 2020 settlement with the FTC for **$175 million** and ongoing scrutiny from the CFPB and state attorneys general[51](index=51&type=chunk)[52](index=52&type=chunk) [Risk Factors](index=15&type=section&id=Item%201A.%20Risk%20Factors) The company faces substantial risks from extensive regulation, macroeconomic conditions, reliance on subprime consumers, partner concentration, cybersecurity threats, and indebtedness - The company's businesses are subject to extensive federal, state, and local laws, which can lead to government investigations, significant monetary penalties, and costly changes to operations, including a **$175 million** settlement with the FTC in 2020 and increased scrutiny from the CFPB[57](index=57&type=chunk) - A large percentage of revenue is concentrated with a few key POS partners, with **51.3% of consolidated revenues** coming from the top three and **78.6%** from the top ten in 2023, making the loss of any key partner materially adverse to performance[72](index=72&type=chunk) - Macroeconomic conditions such as inflation and elevated interest rates adversely affect consumer confidence and their ability to make payments, potentially leading to increased delinquencies and write-offs[67](index=67&type=chunk)[68](index=68&type=chunk) - The company's ability to protect sensitive customer information is critical, as highlighted by a cybersecurity incident at Progressive Leasing in September 2023, which can result in significant costs, litigation, and reputational damage[82](index=82&type=chunk)[85](index=85&type=chunk) - The terms of the company's indebtedness, including a Revolving Facility and Senior Notes, contain restrictive covenants that may limit its ability to respond to changes or take certain actions, such as incurring more debt or paying dividends[150](index=150&type=chunk)[151](index=151&type=chunk) [Unresolved Staff Comments](index=34&type=section&id=Item%201B.%20Unresolved%20Staff%20Comments) The company reports no unresolved staff comments from the SEC - There are no unresolved staff comments from the SEC[171](index=171&type=chunk) [Cybersecurity](index=34&type=section&id=Item%201C.%20Cybersecurity) The company's cybersecurity program, based on NIST framework and overseen by the Board, experienced an incident in September 2023 affecting customer data - The company's cybersecurity program is based on the NIST Cybersecurity Framework and includes measures like audits, penetration tests, and vendor risk management[172](index=172&type=chunk)[173](index=173&type=chunk) - Oversight is provided by the Board of Directors, the Audit Committee, and an internal Enterprise Information Security Committee, with the program led by a Chief Information Security Officer with **over twenty years of experience**[174](index=174&type=chunk)[175](index=175&type=chunk) - Progressive Leasing experienced a cybersecurity incident in September 2023, which affected certain systems and involved personally identifiable information of customers[176](index=176&type=chunk) [Properties](index=35&type=section&id=Item%202.%20Properties) The company leases corporate facilities in Utah and Arizona, with plans to reduce Utah office space by 50% and vacate the Arizona office in Q1 2024 - The company leases its primary corporate facilities in Draper, Utah, and Glendale, Arizona[177](index=177&type=chunk) - In Q1 2024, the company plans to reduce its Utah office space by **50%** and vacate its Arizona office space as part of restructuring actions[177](index=177&type=chunk) [Legal Proceedings](index=35&type=section&id=Item%203.%20Legal%20Proceedings) The company is involved in various legal proceedings but does not anticipate a material adverse impact on its financial position or operations - The company is involved in various legal proceedings but does not expect them to have a material adverse impact on its business, financial position, or results of operations[178](index=178&type=chunk) [Mine Safety Disclosures](index=36&type=section&id=Item%204.%20Mine%20Safety%20Disclosures) This item is not applicable to the company's operations - Not applicable[179](index=179&type=chunk) [Part II](index=37&type=section&id=PART%20II) [Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](index=37&type=section&id=Item%205.%20Market%20for%20Registrant's%20Common%20Equity,%20Related%20Stockholder%20Matters%20and%20Issuer%20Purchases%20of%20Equity%20Securities) The company's common stock trades on NYSE, with recent share repurchases and a reauthorized $500 million program, alongside a declared quarterly dividend of $0.12 per share - On February 21, 2024, the Board of Directors declared a quarterly cash dividend of **$0.12 per share**[183](index=183&type=chunk) Share Repurchases for Q4 2023 | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | October 2023 | 200,000 | $27.75 | | November 2023 | 683,913 | $28.16 | | December 2023 | 220,000 | $29.48 | | **Total** | **1,103,913** | | - As of December 31, 2023, **$197.7 million** remained available under the share repurchase program, and on February 21, 2024, the Board reauthorized the program for up to **$500 million** over three years[184](index=184&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=39&type=section&id=Item%207.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) The company navigated a challenging macroeconomic environment in 2023, with revenues decreasing to $2.41 billion but net earnings increasing to $138.8 million due to improved portfolio performance and cost controls [Business Overview and Macroeconomic Environment](index=39&type=section&id=Business%20Overview%20and%20Macroeconomic%20Environment) Operating in a challenging macroeconomic environment, the company implemented cost reductions, while a September 2023 cybersecurity incident incurred $2.8 million in related costs - The company faces a challenging macroeconomic environment where inflation has negatively impacted consumer demand and lease portfolio performance, prompting cost reduction initiatives[195](index=195&type=chunk) - In response to rising delinquencies in 2022, Progressive Leasing tightened its lease decisioning, which adversely impacted GMV in 2022 and 2023 but improved portfolio performance to pre-pandemic levels[196](index=196&type=chunk)[197](index=197&type=chunk) - A September 2023 cybersecurity incident at Progressive Leasing compromised personally identifiable information, leading to multiple lawsuits and **$2.8 million** in related costs for the year ended December 31, 2023[198](index=198&type=chunk)[199](index=199&type=chunk)[201](index=201&type=chunk) [Key Operating Metrics](index=41&type=section&id=Key%20Operating%20Metrics) Total GMV decreased to $2.04 billion in 2023, primarily due to declines at Progressive Leasing and Vive, partially offset by 67.2% growth in the 'Other' segment Gross Merchandise Volume (GMV) by Segment (in thousands) | Segment | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | Progressive Leasing | $1,796,647 | $1,976,794 | $2,143,948 | | Vive | $143,541 | $178,002 | $199,139 | | Other | $101,099 | $60,459 | $8,651 | | **Total GMV** | **$2,041,287** | **$2,215,255** | **$2,351,738** | Active Customer Count by Segment (in thousands) | Segment | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | Progressive Leasing | 893 | 943 | 1,044 | | Vive | 86 | 92 | 88 | | Other | 113 | 39 | 18 | [Results of Operations – Years Ended December 31, 2023 and 2022](index=43&type=section&id=Results%20of%20Operations%20–%20Years%20Ended%20December%2031,%202023%20and%202022) In 2023, total revenues decreased by 7.3% to $2.41 billion, but operating profit increased by 21.5% to $225.6 million and net earnings grew by 40.7% to $138.8 million, driven by lower write-offs and no goodwill impairment Consolidated Results of Operations (2023 vs. 2022, in thousands) | Metric | 2023 | 2022 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $2,408,264 | $2,597,826 | $(189,562) | (7.3)% | | Operating Profit | $225,627 | $185,645 | $39,982 | 21.5% | | Net Earnings | $138,838 | $98,709 | $40,129 | 40.7% | - Progressive Leasing's revenues decreased due to a smaller lease portfolio resulting from lower GMV and tightened decisioning, partially offset by improved customer payment activity[213](index=213&type=chunk) - Personnel costs decreased by **$7.0 million** due to workforce reductions at Progressive Leasing in late 2022; however, stock-based compensation increased by **$7.4 million**, and professional services expense rose by **$4.1 million**, partly due to costs from the cybersecurity incident[215](index=215&type=chunk)[216](index=216&type=chunk)[217](index=217&type=chunk) - The provision for lease merchandise write-offs as a percentage of lease revenues decreased to **6.7%** in 2023 from **7.7%** in 2022, reflecting improved customer payment activity and the impact of tighter lease decisioning[220](index=220&type=chunk) [Results of Operations – Years Ended December 31, 2022 and 2021](index=46&type=section&id=Results%20of%20Operations%20–%20Years%20Ended%20December%2031,%202022%20and%202021) In 2022, total revenues decreased by 3.0% to $2.60 billion, while operating profit declined 44.3% to $185.6 million and net earnings fell 59.5% to $98.7 million, primarily due to increased write-offs, a goodwill impairment, and higher interest expense Consolidated Results of Operations (2022 vs. 2021, in thousands) | Metric | 2022 | 2021 | Change ($) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total Revenues | $2,597,826 | $2,677,920 | $(80,094) | (3.0)% | | Operating Profit | $185,645 | $333,527 | $(147,882) | (44.3)% | | Net Earnings | $98,709 | $243,557 | $(144,848) | (59.5)% | - The provision for lease merchandise write-offs increased by **$66.9 million (52.7%)** in 2022 due to higher customer payment delinquencies and write-offs compared to the historically strong performance in 2021[236](index=236&type=chunk) - Operating expenses increased by **$53.0 million (13.3%)**, driven by a **$23.6 million** increase in the provision for loan losses, **$9.0 million** in restructuring expenses, and higher personnel and software costs[228](index=228&type=chunk) - A goodwill impairment loss of **$10.2 million** was recorded in Q3 2022 related to the Four reporting unit[238](index=238&type=chunk) - Net interest expense increased by **$32.1 million** due to the issuance of **$600 million** in senior unsecured notes in November 2021[238](index=238&type=chunk) [Liquidity and Capital Resources](index=50&type=section&id=Liquidity%20and%20Capital%20Resources) As of December 31, 2023, the company held $155.4 million in cash, generated $204.2 million from operations, and used $141.9 million in financing activities, primarily for share repurchases, while maintaining $350.0 million available on its Revolving Facility Cash Flow Summary (in millions) | Activity | 2023 | 2022 | | :--- | :--- | :--- | | Cash Provided by Operating Activities | $204.2 | $242.5 | | Cash Used in Investing Activities | $(38.8) | $(53.5) | | Cash Used in Financing Activities | $(141.9) | $(227.2) | - The company repurchased **4,691,274 shares** of its common stock for **$139.6 million** during the year ended December 31, 2023[251](index=251&type=chunk) - As of December 31, 2023, the company had **$600 million** in Senior Notes due 2029 and no outstanding balance on its **$350 million** Revolving Facility[254](index=254&type=chunk)[256](index=256&type=chunk) [Critical Accounting Policies](index=53&type=section&id=Critical%20Accounting%20Policies) Key accounting policies involve significant estimates for revenue recognition, lease merchandise depreciation and write-offs, and the provision for loan losses, incorporating historical data and macroeconomic forecasts - Lease revenue is recognized on a straight-line basis over the estimated lease term, net of a provision for uncollectible renewal payments[267](index=267&type=chunk) - The allowance for lease merchandise write-offs is estimated using historical write-off experience and qualitative factors like customer payment trends, with merchandise written off after **120 days** past due[270](index=270&type=chunk) - The allowance for loan losses is calculated based on expected lifetime losses, incorporating historical loss data, a **six-month forecast** of macroeconomic factors (e.g., unemployment rates), and other qualitative adjustments[271](index=271&type=chunk)[272](index=272&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=54&type=section&id=Item%207A.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate risk from its variable-rate Revolving Facility, which had no outstanding borrowings as of December 31, 2023, thus mitigating current impact - The company's primary market risk is interest rate risk from its variable-rate Revolving Facility; however, with no outstanding borrowings as of December 31, 2023, there is no current impact from interest rate fluctuations[277](index=277&type=chunk) [Financial Statements and Supplementary Data](index=55&type=section&id=Item%208.%20Financial%20Statements%20and%20Supplementary%20Data) This section presents the consolidated financial statements, including balance sheets, statements of earnings, shareholders' equity, and cash flows, along with an unqualified audit opinion from Ernst & Young LLP [Report of Independent Registered Public Accounting Firm](index=55&type=section&id=Report%20of%20Independent%20Registered%20Public%20Accounting%20Firm) Ernst & Young LLP issued unqualified opinions on the consolidated financial statements and internal control over financial reporting, identifying the valuation of allowance for loan losses as a critical audit matter - The independent auditor, Ernst & Young LLP, provided an unqualified opinion on the consolidated financial statements and the effectiveness of internal control over financial reporting[281](index=281&type=chunk)[290](index=290&type=chunk) - The valuation of the allowance for loan losses was identified as a critical audit matter, involving complex and subjective judgments regarding historical loss experience, macroeconomic forecasts, and qualitative factors[285](index=285&type=chunk)[286](index=286&type=chunk) [Consolidated Financial Statements](index=59&type=section&id=Consolidated%20Financial%20Statements) As of December 31, 2023, total assets were $1.491 billion, with total liabilities of $899.9 million, and 2023 net earnings were $138.8 million on revenues of $2.41 billion Consolidated Balance Sheet Highlights (in thousands) | Account | Dec 31, 2023 | Dec 31, 2022 | | :--- | :--- | :--- | | Total Assets | $1,491,255 | $1,491,909 | | Total Liabilities | $899,924 | $921,448 | | Total Shareholders' Equity | $591,331 | $570,461 | Consolidated Earnings Highlights (in thousands, except per share data) | Metric | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | | Total Revenues | $2,408,264 | $2,597,826 | $2,677,920 | | Net Earnings | $138,838 | $98,709 | $243,557 | | Diluted EPS | $2.98 | $1.90 | $3.67 | [Notes to Consolidated Financial Statements](index=63&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) The notes detail significant accounting policies, the $10.2 million goodwill impairment in 2022, terms of the $600 million Senior Notes, a $46.2 million uncertain tax position related to the $175 million FTC settlement, and ongoing restructuring activities - In Q3 2022, the company recorded a **$10.2 million** impairment of goodwill for the Four reporting unit due to declines in market multiples of comparable companies in the BNPL industry[362](index=362&type=chunk)[384](index=384&type=chunk) - The company has **$600 million** in **6.00%** senior unsecured notes due 2029, with their fair value estimated at **$559.5 million** as of December 31, 2023[402](index=402&type=chunk)[403](index=403&type=chunk)[391](index=391&type=chunk) - The company has a significant uncertain tax position of **$46.2 million** related to the deductibility of a **$175 million** settlement paid to the FTC in 2020[421](index=421&type=chunk)[423](index=423&type=chunk) - Restructuring activities initiated in 2022 continued in 2023, with charges of **$12.5 million** recorded in 2023, primarily for early termination of sales agent agreements and severance, and additional charges of **$18 to $21 million** are expected in Q1 2024[442](index=442&type=chunk)[443](index=443&type=chunk) [Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](index=94&type=section&id=Item%209.%20Changes%20in%20and%20Disagreements%20with%20Accountants%20on%20Accounting%20and%20Financial%20Disclosure) The company reports no changes in or disagreements with its accountants regarding accounting principles or financial disclosure - None[498](index=498&type=chunk) [Controls and Procedures](index=94&type=section&id=Item%209A.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal control over financial reporting were effective as of December 31, 2023, with no material changes in Q4 2023 - Management concluded that the company's disclosure controls and procedures were effective as of December 31, 2023[499](index=499&type=chunk) - There were no changes in internal control over financial reporting during Q4 2023 that materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[501](index=501&type=chunk) [Other Information](index=94&type=section&id=Item%209B.%20Other%20Information) No directors or executive officers adopted, modified, or terminated Rule 10b5-1 trading plans during Q4 2023 - No directors or executive officers adopted, modified, or terminated any Rule 10b5-1 trading plans in Q4 2023[502](index=502&type=chunk) [Part III](index=95&type=section&id=PART%20III) [Directors, Executive Officers of the Registrant and Corporate Governance](index=95&type=section&id=Item%2010.%20Directors,%20Executive%20Officers%20of%20the%20Registrant%20and%20Corporate%20Governance) Information on directors, executive officers, and corporate governance is incorporated by reference from the 2024 Proxy Statement - Information is incorporated by reference from the registrant's definitive Proxy Statement for the 2024 annual meeting of shareholders[504](index=504&type=chunk) [Executive Compensation](index=95&type=section&id=Item%2011.%20Executive%20Compensation) Executive compensation details are incorporated by reference from the 2024 Proxy Statement - Information is incorporated by reference from the registrant's definitive Proxy Statement for the 2024 annual meeting of shareholders[506](index=506&type=chunk) [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](index=95&type=section&id=Item%2012.%20Security%20Ownership%20of%20Certain%20Beneficial%20Owners%20and%20Management%20and%20Related%20Stockholder%20Matters) Security ownership and equity compensation plan information is incorporated by reference from the 2024 Proxy Statement - Information is incorporated by reference from the registrant's definitive Proxy Statement for the 2024 annual meeting of shareholders[507](index=507&type=chunk) [Certain Relationships and Related Transactions, and Director Independence](index=95&type=section&id=Item%2013.%20Certain%20Relationships%20and%20Related%20Transactions,%20and%20Director%20Independence) Information on related party transactions and director independence is incorporated by reference from the 2024 Proxy Statement - Information is incorporated by reference from the registrant's definitive Proxy Statement for the 2024 annual meeting of shareholders[508](index=508&type=chunk) [Principal Accountant Fees and Services](index=95&type=section&id=Item%2014.%20Principal%20Accountant%20Fees%20and%20Services) Details on principal accountant fees and services are incorporated by reference from the 2024 Proxy Statement - Information is incorporated by reference from the registrant's definitive Proxy Statement for the 2024 annual meeting of shareholders[509](index=509&type=chunk) [Part IV](index=96&type=section&id=PART%20IV) [Exhibits, Financial Statements and Schedules](index=96&type=section&id=Item%2015.%20Exhibits,%20Financial%20Statements%20and%20Schedules) This section lists all financial statements, schedules, and exhibits filed with the Form 10-K, with consolidated financial statements located in Item 8 - This section provides a list of all financial statements, schedules, and exhibits filed with the Form 10-K[511](index=511&type=chunk)[514](index=514&type=chunk) [Form 10-K Summary](index=98&type=section&id=Item%2016.%20Form%2010-K%20Summary) The company has not provided a summary for Form 10-K - None[522](index=522&type=chunk)

PROG Holdings (PRG) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 21, 2024, might help the stock move higher if these key numbers are better tha ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider PROG Holdings (PRG) . This company, which is in the Zacks Financial - Consumer Loans industry, shows potential for another earnings beat.This rent-to-own company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two ...

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, is scheduled to release financial results for the fourth quarter of 2023 on Wednesday, February 21, 2024, prior to market open. The Company has also scheduled a live webcast for Wednesday, February 21, 2024, at 8:30 A.M. ET to discuss its financial results for the fourth quarter of 2023. The webcast can be accessed via the below link, or through ...

Sviatlana Zyhmantovich PROG Holdings, Inc. (NYSE:PRG) is making a lot of efforts to enhance its bottom line that includes recent restructuring costs. Equipped with AI, machine learning decision-making, and scalable technology, I do believe that the company knows well how to compete in the consumer finance area. Besides, with the recent decrease in the share count and the stock repurchase program, PRG does really look like a buy. Yes, I did find risks from new FTC fines, changes in the regulations, higher in ...

PROG Holdings, Inc. Q3 2023 Earnings Supplement Statements in this news release regarding our business that are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. Such forward-looking statements generally can be identified by the use of forward-looking terminology, such as "will", "continue", "outlook", "assumes" and similar forward-looking terminology. These ...

PROG Holdings, Inc. (NYSE:PRG) Q3 2023 Earnings Conference Call October 25, 2023 8:30 AM ET Company Participants John Baugh - Vice President, Investor Relations Steve Michaels - President and CEO Brian Garner - Chief Financial Officer Conference Call Participants Kyle Joseph - Jefferies Brad Thomas - KeyBanc Capital Markets Jason Haas - Bank of America Anthony Chukumba - Loop Capital Markets Bobby Griffin - Raymond James Operator Good day and thank you for standing by. Welcome to the PROG Holdings Q3 Earnin ...