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Prog Holdings raises FY25 EPS view to $3.35-$3.45 from $3.20-$3.35

Consensus $3.33. Cuts FY25 revenue view to $2.41B-$2.44B from $2.45B-$2.5B, consensus $2.47B. Narrows FY25 adjusted EBITDA view to $258M-$265M from $255M-$265M. The company said, “The Company is providing selective fourth quarter outlook metrics and updating its full year 2025 outlook. We have excluded Vive from our Outlook for both the fourth quarter and full year 2025 as its normal operations have been discontinued as a result of the sale of its credit card portfolio in October 2025. The Vive segment will be presented as discontinued operations beginning in the fourth quarter of 2025. Net earnings from continuing operations excludes Vive’s operations as well as the gain on the sale of the credit card portfolio. The outlook below assumes a difficult operating environment with soft demand for consumer durable goods, no material changes in the Company’s current decisioning posture, an effective tax rate for Non-GAAP EPS of approximately 27%, and no impact from additional share repurchases.”

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