PROG Holdings releases transcript of Q1 2026 earnings call

PROG Holdings, Inc.
Raymond James Financial, Inc.

PROG Holdings, Inc.

PRG

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Raymond James Financial, Inc.

RJF

0.00
  • PROG Holdings discussed Q1 2026 results on April 29 with the CEO, CFO, and head of investor relations; analysts from Stephens, Raymond James, TD Cowen, Loop Capital, B. Riley, KeyBanc attended.
  • Raised 2026 outlook: revenue USD 3-3.1 billion, adjusted EBITDA USD 343-370 million, non-GAAP EPS USD 4.4-4.8.
  • Q1 continuing-operations revenue USD 742.7 million; adjusted EBITDA USD 90.3 million; non-GAAP EPS USD 1.24; consolidated GMV up 54% to USD 806 million.
  • Progressive Leasing GMV fell 2.2% to USD 393 million; March returned to low-single-digit growth; gross margin rose 210 bps to 31.5% on lower 90-day purchase-option usage.
  • Four GMV rose 134% to USD 280 million; revenue USD 35 million; adjusted EBITDA USD 12.9 million; recourse debt paid down USD 210 million, net leverage 2x.


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