Bread Financial Q3 Earnings Miss Estimates, Revenues Beat

Bread Financial Holdings’ (BFH) operating income of $1.84 per share for the third quarter of 2024 missed the Zacks Consensus Estimate of $1.88. The bottom line plunged 88% year over year. Shares lost 1.9% in the last trading session to reflect the underperformance. The quarterly results reflected a drop in credit sales but average loans slightly improved on growth in co-brand programs. The company noted that consumer spending continues to moderate, given normalizing inflation. Loan growth was impacted by pr ...