Core Viewpoint - PROG Holdings, Inc. is updating its full year 2026 outlook for its Purchasing Power business ahead of its Investor Day scheduled for March 10, 2026 [1] Financial Outlook - The application of revenue recognition standard ASC 606 will lead to a reduction in total Purchasing Power revenue by approximately $70 million, affecting the Travel and Service product categories [2] - The revised total revenue guidance for PROG Holdings from continuing operations is projected to be between $2,950 million and $3,070 million, while Purchasing Power's total revenues are expected to range from $610 million to $660 million [4] - The company anticipates Purchasing Power's revenue to grow at a low double-digit rate, with no material impact on gross margin, earnings before taxes, or adjusted EBITDA due to the changes [2][3] Assumptions and Market Conditions - The company's assumptions for the 2026 outlook remain unchanged, including expectations of a challenging operating environment with soft demand for consumer durable goods [3] - The company does not anticipate a material economic slowdown despite ongoing geopolitical tensions, such as hostilities related to Iran [3] Company Overview - PROG Holdings, Inc. is a fintech holding company that provides various consumer financial products, including lease-to-own solutions and employee purchase programs [5]