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

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Earnings data Q4 2021

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Earnings data Q1 2024

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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.

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

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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

PROG Holdings: Keeps Ringing The Register

Shares of PROG Holdings (NYSE:PRG) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share fell 7.63% over the past year to $1.09, which beat the estimate of $0.80.

Recap: PROG Holdings Q2 Earnings

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 solutions, Vive Financial, a provider of omnichannel second-look revolving credit solutions, and Four Technologies, a provider of Buy Now, Pay Later solutions, today announced financial results for the second quarter ended June 30, 2021. “I'm pleased to report exceptional financial results for the period, dri

PROG Holdings Reports Second Quarter 2021 Results

PROG Holdings provides outstanding flexibility and simplicity to its customers. The company is the market leader - and growing - in LTO.

PROG Holdings Is Ready To Dominate A $30-$40 Billion Market

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SALT LAKE CITY--(BUSINESS WIRE)---- $PRG--Progressive Leasing, a leading provider of e-commerce, app-based, and in-store lease-to-own solutions, which is owned by fintech holding company PROG Holdings, Inc. (NYSE:PRG), announced today an expansion of its e-commerce platform offerings with Magento 2 and WooCommerce plug-ins that simplify the retailer integration and customer application processes, while shortening the time between lease application and checkout completion. The enhanced plug-ins offer e-c

Progressive Leasing Releases Expanded E-Commerce Plug-ins for Magento 2, WooCommerce

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PROG Holdings, Inc (NYSE: PRG) announced the acquisition of Four Technologies, Inc for undisclosed terms. Four Technologies is the creator of Four, a Buy Now, Pay Later (BNPL) platform that allows shoppers to pay for merchandise through four interest-free installments.

PROG Holdings Acquires Four Technologies For Undisclosed Sum

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 solutions, and Vive Financial, a provider of omnichannel second-look revolving credit solutions, announced the acquisition of Four Technologies, Inc., the creator of Four, an innovative Buy Now, Pay Later (BNPL) platform that allows shoppers to pay for merchandise through four interest-free installments. Four

PROG Holdings Acquires Buy Now, Pay Later Payment Company Four Technologies

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SALT LAKE CITY--(BUSINESS WIRE)---- $PRG #earnings--PROG Holdings, Inc. Q2 2021 Earnings Advisory

PROG Holdings, Inc. to Release Q2 2021 Financial Results on July 29, 2021

SALT LAKE CITY, May 18, 2021 /PRNewswire/ -- Progressive Leasing, a leading provider of in-store and e-commerce lease-to-own solutions owned by fintech holding company PROG Holdings, Inc. (NYSE:PRG), has donated $25,000 to AmeriCares in support of their efforts to combat India's COVID-19 crisis. Thanks to a current AmeriCares matching program, the company's donation will result in $50,000 to provide life-saving equipment, protect health care workers, and educate community members on how to prevent the spread of COVID-19 across India.

Progressive Leasing Donates to Pandemic Relief Efforts in India

SALT LAKE CITY, May 11, 2021 /PRNewswire/ -- PROG Holdings, Inc. (NYSE:PRG), the fintech holding company of Progressive Leasing, a leading provider of in-store and e-commerce lease-to-own solutions, and Vive Financial, which offers omnichannel second-look revolving credit products, announced today that James P. Smith has been appointed to its Board of Directors.

PROG Holdings Appoints James P. Smith to Board of Directors

Q1 EPS $1.22 vs. $.91 estimates. Guidance of $3.80-4.05 adj'd EPS vs. $3.63 estimates. E-commerce now 14.3% of merchandise volumes vs. 1.9% last year.

News for PROG Holdings Stock (PRG)