PROG Holdings sees FY24 EPS $2.70-$3.00, consensus $3.28

Sees FY24 revenue $2.24B-$2.34B, consensus $2.31B. Sees FY24 adjusted EBITDA $230M-$250M. The company said, “PROG Holdings is issuing full year and Q1 2024 outlook for revenues, consolidated net earnings, segment earnings before taxes, adjusted EBITDA, diluted GAAP EPS, and diluted non-GAAP EPS. This outlook assumes a difficult operating environment with continued soft demand for consumer durable goods, no material changes in the Company’s decisioning posture, an effective tax rate for non-GAAP EPS of approximately 29%, no material increases in the unemployment rate for our consumer, and no impact from additional share repurchases.”