PROG Holdings

PROG Holdings, Inc. engages in the provision of lease-purchase solutions. It offers retail sale and lease ownership of furniture, home appliances, consumer electronics, and accessories through its franchised stores and e-commerce platform. PROG Holdings was founded in 1955 and is headquartered in Draper, UT.

Earnings data Q1 2024

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PROG Holdings, Inc. engages in the provision of lease-purchase solutions. It offers retail sale and lease ownership of furniture, home appliances, consumer electronics, and accessories through its franchised stores and e-commerce platform. It operates through the following segments: Progressive Leasing, Vive, and Four. The Progressive segment offers lease-to-own ownership of durable goods. The Vive segment provides services to customers who may not qualify to purchase goods and services from merchants. The Four segment includes provision of credit backgrounds with Buy Now, Pay Later “BNPL”. The company was founded in 1955 and is headquartered in Draper, UT.

PROG Holdings Inc. ( PRG , Financial) is a subprime lender which specializes in enabling consumers to make purchases of items from retailers they cannot afford to pay for immediately. It uses its proprietary process to evaluate and extend credit.

PROG Holdings: This Subprime Lender Is Cheap but Risky

SALT LAKE CITY--(BUSINESS WIRE)--Progressive Leasing, a leading provider of e-commerce, app-based, and in-store lease-to-own solutions, announces a partnership with Nationwide Marketing Group, North America's leading buying, marketing and operational support organization for independent retailers in the major appliances, consumer electronics, furniture, bedding, home theater, and outdoor industries. The partnership offers thousands of retailers in Nationwide's independent merchant network membe

Progressive Leasing's Flexible Lease-to-Own Options Available to Thousands of Nationwide Marketing Group Members

PROG Holdings, Inc. (PRG) CEO Steve Michaels on Q4 2021 Results - Earnings Call Transcript

PROG Holdings (PRG) delivered earnings and revenue surprises of -2.90% and 2.31%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

PROG Holdings (PRG) Q4 Earnings and Revenues Miss Estimates

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced financial results for the fourth quarter ended December 31, 2021. "We closed out 2021 with a strong fourth quarter of GMV performance driven by continued growth in our e-commerce channel and with our larger retail partners," said Steve Michaels, President and Chief Executive Officer of PROG Holdings. "In addition, the signif

PROG Holdings Reports Fourth Quarter 2021 Results

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, a leading provider of in-store and e-commerce lease-to-own solutions, and Vive Financial, a provider of omnichannel second-look revolving credit solutions, is scheduled to release financial results for Q4 and FY 2021 on Wednesday, February 23, 2022, prior to market open. The company has scheduled a live webcast and conference call for Wednesday, February 23, 2022, at 8:30 A.M. E

PROG Holdings, Inc. to Release 2021 Q4 and Full-Year Financial Results on February 23, 2022

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced the final results of its “modified Dutch auction” tender offer. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on December 3, 2021. In accordance with the terms and conditions of the tender offer and based on the final count by Computershare Trust Company, N.A., the depositary for the t

PROG Holdings, Inc. Announces Final Results of Tender Offer

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today commented on the preliminary results of its “modified Dutch auction” tender offer. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on December 3, 2021. Based on the preliminary count by the Company's depositary agent, the Company expects to purchase approximately 13.2% of its outstanding shares at

PROG Holdings, Inc. Comments on Tender Offer Results; Reaffirms Capital Allocation Framework

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced the expiration and preliminary results of its “modified Dutch auction” tender offer. The tender offer expired at 12:00 midnight, New York City time, at the end of the day on December 3, 2021. Based on the preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, a total of 10,766,408 shares

PROG Holdings, Inc. Announces Expiration and Preliminary Results of Tender Offer

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced the completion of its previously announced offering of $600 million in aggregate principal amount of its 6.00% senior unsecured notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Secur

PROG Holdings, Inc. Announces Closing of Senior Unsecured Notes Offering and Satisfaction of Tender Offer Financing Condition

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced the pricing of its previously announced offering of $600 million in aggregate principal amount of its 6.00% senior unsecured notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securiti

PROG Holdings, Inc. Announces Pricing of Senior Unsecured Notes Offering

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced that, subject to market and other conditions, it intends to offer $600 million in aggregate principal amount of its senior unsecured notes due 2029 (the “notes”) in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “

PROG Holdings, Inc. Announces Offering of $600 Million of Senior Unsecured Notes

PROG Holdings, Inc. (PRG) CEO Steve Michaels on Q3 2021 Results - Earnings Call Transcript

Stephens analyst Vincent Caintic downgraded PROG Holdings Inc (NYSE:PRG) to Equal Weight from Overweight and lowered the price target to $57 (an upside of 21%), from $59.  His previously "optimistic" GMV growth expectations are now "muted" as he models 20% year-over-year GMV growth in 2022/2023, which is lower than the 20%-30% he previously predicted.

Stephens Downgrades PROG Holdings On Muted Growth Expectations

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced the commencement of a “modified Dutch auction” tender offer (the “Tender Offer”) to purchase for cash up to $425 million in value of shares of its common stock, par value $0.50 per share (the “Shares”), or such lesser amount of the Shares as are properly tendered and not properly withdrawn, at a single per Share price of not

PROG Holdings Commences Cash Tender Offer to Purchase Up to $425 million of Common Stock

Third-quarter results weren't impressive, but a big buyback is.

Why PROG Holdings Jumped 22.7% Today

PROG Holdings (PRG) delivered earnings and revenue surprises of 6.82% and -3.06%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

PROG Holdings (PRG) Q3 Earnings Top Estimates

SALT LAKE CITY--(BUSINESS WIRE)---- $PRG--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced its intention to launch a “modified Dutch auction” tender offer to purchase up to $425 million in value of its common stock, or such lesser amount of shares of its common stock as are properly tendered and not properly withdrawn, at an anticipated cash purchase price per share of not less than $44.00 per share and not more t

PROG Holdings, Inc. Announces Intention to Purchase up to $425 Million of Common Stock in Modified Dutch Auction Tender Offer

SALT LAKE CITY--(BUSINESS WIRE)---- $PRG--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, Vive Financial, and Four Technologies, today announced financial results for the third quarter ended September 30, 2021. “As we approach our first anniversary as a stand-alone, high-growth, asset-light fintech company, I'm pleased to report our continued progress positioning PROG Holdings for significant, long-term shareholder value creation. At the same time, we continue to suc

PROG Holdings Reports Third Quarter 2021 Results

PROG Holdings (PRG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate PROG Holdings (PRG) to Report a Decline in Earnings: What to Look Out for

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, a leading provider of e-commerce, app-based, and in-store lease-to-own purchase options, Vive Financial, a provider of omnichannel second-look revolving credit products, and Four Technologies, a provider of Buy Now, Pay Later technologies, is scheduled to release financial results for the third quarter of 2021 on Wednesday, November 3, 2021, prior to market open. The Company has

PROG Holdings, Inc. to Release Q3 2021 Financial Results on November 3, 2021

SALT LAKE CITY--(BUSINESS WIRE)---- $PRG--PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, a leading provider of e-commerce, app-based, and in-store lease-to-own purchase options, Vive Financial, a provider of omnichannel second-look revolving credit products, and Four Technologies, a provider of buy now, pay later technologies, has appointed Caroline Sheu and Ray Martinez to its Board of Directors. “Caroline and Ray are recognized leaders who have built large digital

PROG Holdings Appoints Two New Independent Directors to Board

Amgen

Bank of Nova Scotia

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3 Wonderful Blue-Chips You Can Safely Buy With The Market At Record Highs

SALT LAKE CITY--(BUSINESS WIRE)---- $PRG--Progressive Leasing, a leading provider of e-commerce, app-based, and in-store lease-to-own solutions owned by fintech holding company PROG Holdings, Inc. (NYSE:PRG), has launched ProgCentral, a new retailer management platform that allows merchants to easily manage every aspect of their lease-to-own business from a computer, tablet, or mobile device. ProgCentral offers retailers increased self-service management of their lease-to-own offerings through Progressi

Progressive Leasing Launches ProgCentral, a New Lease-to-Own Experience for Merchants

PROG Holdings, Inc. (PRG) CEO Steve Michaels on Q2 2021 Results - Earnings Call Transcript

News for PROG Holdings Stock (PRG)