PROG Holdings reports Q3 EPS 90c, consensus 63c

Reports Q3 revenue $582.88M, consensus $570.03M. “PROG Holdings’ third quarter results exceeded expectations once again, as our teams continued to deliver strong portfolio performance alongside disciplined SG&A management,” said Steve Michaels, PROG Holdings’ president and CEO. “The active management of our lease portfolio and our customers’ ability to adapt to a higher inflationary environment are the primary catalysts to our strong earnings performance thus far in 2023 and has allowed us to further raise our 2023 full-year outlook. We will continue to manage through what remains a challenging retail environment while maintaining disciplined spending and investing in key strategic areas to facilitate future growth,” concluded Michaels.