PROG Holdings, Inc. Provides Earnings Guidance for the Second Quarter Ended June 30, 2022; Revises Earnings Guidance for the Full Year Ended December 31, 2022
June 16, 2022 at 08:00 am EDT
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PROG Holdings, Inc. provided earnings guidance for the second quarter ended June 30, 2022 and revised earnings guidance for the Full Year ended December 31, 2022. For the second quarter, the company expects consolidated revenues between $645 and $655 million.
The company's revised consolidated annual outlook for 2022 is as follows: revenue between $2.59 and $2.69 billion and GAAP diluted EPS in the range of $2.09 to $2.33.
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. Provides Earnings Guidance for the Second Quarter Ended June 30, 2022; Revises Earnings Guidance for the Full Year Ended December 31, 2022
PROG HOLDINGS, INC. 
