Alliance Data Systems(US:BFH)2021-12-09 21:21Business Performance & Outlook - New business pipeline remains robust across all products[7] - Receivables growth in November was up approximately 2% year-over-year[7] - Early season holiday sales increased by about 12% compared to 2020, with more in-store activity[7] - The company is confident in its average receivables growth outlook for 2022[7] Credit Performance - Credit performance remains strong, reflecting disciplined risk management and the current environment[7] - Payment rates have remained stable and resilient fourth quarter-to-date[7] - The company anticipates a better-than-expected fourth quarter and full-year NCO rate in the mid-4% range[7] - Delinquency rate has remained steady in the fourth quarter compared to the third quarter[7] Strategic Initiatives - The company announced a multi-year agreement with the NFL[7] - Bread platform investment is emphasized to scale for further growth in 2022[7] - The company is offering an omnichannel experience through its full suite of products and Enhanced Digital Suite[10]