PROG Holdings, Inc. Provides Earnings Guidance for the Full Year 2021
April 29, 2021 at 07:00 am EDT
Share
PROG Holdings, Inc. provides earnings guidance for the full year 2021. The company expects Total Revenues to be low end of $2,700,000,000 to high end of $2,775,000,000. Net Earnings to be low end of $246,000,000 to high end of $259,000,000. Diluted EPS to be low end of $3.80 to high end of $3.81.
PROG Holdings, Inc. is a fintech holding company that provides payment options and inclusive consumer financial products. Its Progressive Leasing segment is provider of e-commerce, app-based, in-store point-of-sale lease-to-own solutions provider. The segment provides consumers with lease-purchase solutions through its point-of-sale partner locations and e-commerce Website partners. It does so by purchasing the merchandise from the POS partners desired by customers and, in turn, leasing that merchandise to the customers through a cancellable lease-to-own transaction. Its Vive segment primarily serves customers that may not qualify for traditional prime lending offers who desire to purchase goods and services from participating merchants. Vive offers customized programs with services that include revolving loans through private label and Vive-branded credit cards. Its Four segment provides consumers of all credit backgrounds with BNPL options through four interest-free installments.
PROG HOLDINGS, INC. 
