Noticias y eventos de PROG Holdings Inc (PRG)PRGPROG Holdings Inc

Lowers FY26 Revenue Outlook to $3.015B

Consensus $4.91. Lowers FY26 revenue view to $3.015B-$3.05B from $3.025B-$3.1B, consensus $3.06B

PROG Holdings Reports Q3 Revenue of $725.779M

Reports Q3 revenue $725.779M, consensus $737.82M. "Our third-quarter results reflect the strength and resilience of our diversified platform and the discipline with which we run it, with consolidated GMV growth of 59% and continued profitability even against a more pressured consumer backdrop," said Steve Michaels, PROG Holdings' Chairman, President and Chief Executive Officer. "We are taking a more cautious view of the consumer as we close out the year, but the fundamentals of our business remain strong, and our strategic progress is clear. Our growth engine is working, and we are improving portfolio metrics with our active management in the face of macro pressures. Every part of our ecosystem is contributing, with Four delivering profitable, triple-digit growth and Purchasing Power performing as expected as it enters its most important quarter of the year. Together with a healthy balance sheet, we believe this will continue to give us the flexibility to invest in the business while returning meaningful capital to shareholders. We continued repurchasing shares throughout the third quarter and we are announcing today our intention to enter into an accelerated share repurchase program, which reflects our deep conviction in the long-term value we are building. This keeps us on track to deliver against the multi-year growth targets we laid out at our Investor Day in March."

PROG Holdings Plans to Repurchase $100M of Stock

PROG Holdings intends to enter into an accelerated share repurchase agreement to repurchase an aggregate of $100M of its common stock. The transactions under that agreement are expected to be completed during the first quarter of 2027. In connection with its intention to enter into the ASR program, the Company's Board of Directors replenished its current share repurchase program, adding an additional $237M and bringing the total amount available for future repurchases of the Company's common stock to $500M. The term of the Company's share repurchase program was also extended through the earlier of October 26, 2029 and the date the Company has repurchased shares of its common stock for an aggregate purchase price of $500M.