{"schema_version":"secwatch.filing_event.v1","accession":"0001808834-22-000111","form_type":"8-K","ticker":"PRG","cik":"0001808834","company_name":"PROG Holdings, Inc.","filed_at":"2022-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:04:02.412821+00:00","generated_at":"2026-06-25T01:22:04.651528+00:00","sec_items":["7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PROG Holdings cuts FY2022 outlook amid inflation; Q2 revenue $645-655M, EBITDA $45-50M","bullets":["Q2 2022 revenue $645-655M; adjusted EBITDA $45-50M; lease write-offs expected in mid 9% range.","FY2022 revenue guidance revised to $2.59-2.69B; GAAP diluted EPS $2.09-$2.33; non-GAAP $2.50-$2.75.","Elevated inflation in gas, food, and housing pressures customers, increasing delinquencies and write-offs.","Tightening lease decisioning; approval rates reduced several hundred bps to manage portfolio risk.","Cost reduction initiatives underway to right-size variable costs amid expected continued volatility."],"urls":{"canonical":"https://secwatch.observer/filing/0001808834-22-000111","json":"https://secwatch.observer/filing/0001808834-22-000111.json","markdown":"https://secwatch.observer/filing/0001808834-22-000111.md","text":"https://secwatch.observer/filing/0001808834-22-000111.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1808834/000180883422000111/0001808834-22-000111-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1808834/000180883422000111/prg-20220616.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T01:22:04.651528+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}