PROG Holdings Publishes Q3 2026 Earnings Call Transcript

Bitget2026/10/28 21:19

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PROG Holdings cut its 2026 adjusted EBITDA outlook to $345 million-$355 million, reflecting persistent consumer pressure on its leasing business.
The October 28 third-quarter earnings call featured CEO Steve Michaels, CFO Brian Garner and investor relations vice president John Baugh.
Revised revenue guidance stands at $3.02 billion-$3.05 billion; non-GAAP EPS is projected at $4.70-$4.85.
Management expects leasing write-offs near the upper end of its 6%-8% annual target despite tighter underwriting.
A planned $100 million accelerated share repurchase would initially deliver approximately 2,700,000 shares; repurchase authorization was replenished to $500 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PROG Holdings Inc. published the original content used to generate this news brief on October 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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PROG Holdings Publishes Q3 2026 Earnings Call Transcript

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