PROG Holdings, Inc. Provides Consolidated Earnings Guidance for the Three Months Ending March 31, 2024 and Full Year of 2024
February 21, 2024 at 07:00 am EST
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Prog Holdings, Inc. Provided Consolidated Earnings Guidance for the Three Months Ending March 31, 2024 and Full Year of 2024. For the three months, the company expects total Revenues to be in the range of $620,000,000 to $640,000,000. Net Earnings to be in the range of $14,500,000 to $19,500,000 and Diluted EPS to be in the range of $0.34 to $0.44.
For the year, the company expects total Revenues to be in the range of $2,235,000,000 to $2,335,000,000. Net Earnings to be in the range of $89,500,000 to $105,000,000 and Diluted EPS to be in the range of $2.00 to $2.34.
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. 
