PROG Holdings Publishes Q3 2026 Earnings Call Transcript
Bitget2026/10/28 21:19- 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: 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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