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 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PROG Holdings reports robust Q4 performance amidst economic challenges

PROG Holdings demonstrated strong performance in Q4 2022 with improved portfolio metrics and record e-commerce GMV.
While facing challenges in the operating environment, the company is focused on growth pillars and prudent financial management.
Opportunities lie in deeper integrations with retailers, monitoring credit trends, and enhancing partnerships for future growth.
Overall, PROG Holdings remains cautiously optimistic about the future and appreciative of team efforts in navigating challenges.

PROG Holdings beats Q1 earnings, eyes growth amid economic challenges

PROG Holdings reported strong financial performance in Q1 2023, exceeding earnings expectations.
The company faces challenges in the economic environment but is focused on profitability and technology investments.
Opportunities for growth lie in potential easing of inflationary pressures and strategies to drive sales for partners.
Overall, PROG Holdings is navigating challenges while leveraging strengths to capitalize on opportunities for future success.

PROG Holdings surpasses Q2 expectations, eyes growth opportunities ahead

PROG Holdings' Q2 performance exceeded expectations, driven by strong customer payment behavior and strategic initiatives to enhance e-commerce business. While facing challenges such as increased SG&A expenses and competition, the company is well-positioned to capitalize on opportunities like the normalization of the 90-day buyout trend. Overall, PROG Holdings remains optimistic about its growth trajectory and financial performance for the year.

PROG Holdings surpasses Q3 expectations amidst retail challenges and opportunities

PROG Holdings delivered strong Q3 results with higher revenues and adjusted EBITDA, despite challenges in Progressive Leasing's GMV and consumer relief programs.
The company's focus on growth funding, strategic M&A, and shareholder returns underscores its commitment to long-term value creation and financial stability.
Balancing optimism and caution in the macro environment, PROG Holdings aims to navigate uncertainties while maximizing opportunities for growth and operational efficiency.
With a solid operational performance and capital allocation priorities in place, the company remains well-positioned to address challenges and leverage opportunities for future success.

PROG Holdings reports resilient Q4 performance, eyes e-commerce growth

PROG Holdings navigated challenges in 2023 with strong operational performance and e-commerce growth. The company is focused on enhancing technology, expanding business development, and returning value to shareholders through dividends and share repurchases.

PROG Holdings (PRG) exceeds Q1 expectations, focuses on growth pillars

PROG Holdings (PRG) delivered strong Q1 performance with GMV rebound and EBITDA exceeding expectations.
Strategic focus on growth pillars, technology initiatives, and marketplace development positions the company for future success.
Challenges in negative comps and balancing profitability highlight areas for improvement and strategic focus.

PROG Holdings surpasses Q2 expectations, eyes growth through strategic initiatives

PROG Holdings delivered strong Q2 results driven by strategic pillars, exceeding expectations in GMV growth and revenue. Challenges include segment revenue decline and write-off rates. The company is focused on capitalizing on opportunities for growth through credit tightening benefits and strategic initiatives.

PROG Holdings exceeds Q3 expectations, poised for growth in 2025

PROG Holdings delivered strong Q3 results with GMV growth and revenue surpassing expectations.
The company's strategic focus on growth pillars and partnerships positions it well for future expansion.
Maintaining effective risk management and financial stability are key priorities for sustained growth.
Revised 2024 outlook shows positive momentum and opportunities for revenue expansion.

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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 (PRG) delivered earnings and revenue surprises of 34.07% and 8.73%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

PROG Holdings (PRG) Q1 Earnings and Revenues Top Estimates

SALT LAKE CITY, April 29, 2021 /PRNewswire/ -- 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,  announces financial results for the first quarter ended March 31, 2021. "Our first quarter results reflect the exceptional execution of our team and our point-of-sale retail partners in a challenging environment as we continue to add and scale partner relationships while increasing our e-commerce penetration," said Steve Michaels, President and Chief Executive Officer of PROG Holdings.

PROG Holdings Reports First Quarter 2021 Results

PROG Holdings (PRG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in PROG Holdings (PRG): Can Its 7.9% Jump Turn into More Strength?

PROG Holdings (PRG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

PROG Holdings (PRG) Upgraded to Strong Buy: What Does It Mean for the Stock?

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.

PROG Holdings (PRG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

SALT LAKE CITY, April 8, 2021 /PRNewswire/ -- PROG Holdings, Inc. (NYSE:PRG), the fintech holding company of Progressive Leasing, a leading provider of in-store and ecommerce lease-to-own solutions, and Vive Financial, which offers omni-channel second-look revolving credit products, is scheduled to release financial results for the first quarter of 2021 on Thursday, April 29, 2021, prior to market open. The company has scheduled a live webcast and conference call for Thursday, April 29, 2021, at 8:30 A.M.

PROG Holdings, Inc. to Release Q1 2021 Financial Results on April 29, 2021

A high-growth business previously masked by a stagnant, legacy business is now independent and publicly traded. Virtual lease-to-own is closer to being a fintech than traditional lease-to-own retailers.

PROG Holdings Is A Profitable, High-Growth Fintech Trading At A No-Growth Multiple

SALT LAKE CITY--(BUSINESS WIRE)--PROG Holdings, Inc. (NYSE: PRG), a fintech holding company operating Progressive Leasing, a leading provider of lease-purchase solutions for retailers, announces three new members of its executive team as part of the company's continued investment in its best-in-class ecommerce and mobile platforms. Majdi Haroun, Sr. Vice President of Engineering, previously worked at Calvin Klein, NBC/Comcast, and Microsoft, where he drove ecommerce progression and growth. Majd

PROG Holdings Increases Investment in Ecommerce

High Quality, collateralized lender generating mid-teens ROEs trading at low absolute multiple. Company building out online capability.

PROG Holdings: High-Quality, Deep-Value, Virtual Lease To Own Spin-Off

PROG Holdings (PRG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

PROG Holdings (PRG): Strong Industry, Solid Earnings Estimate Revisions

SALT LAKE CITY--(BUSINESS WIRE)--Prog Holdings makes $50,000 contribution in recognition of Black History Month and Women's History Month.

Prog Holdings Makes $50,000 Donation to Diversity-Centric Charity Partners

PROG Holdings, Inc. (PRG) CEO Steve Michaels on Q4 2020 Results - Earnings Call Transcript

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