{"schema_version":"secwatch.filing_event.v1","accession":"0001808834-23-000091","form_type":"8-K","ticker":"PRG","cik":"0001808834","company_name":"PROG Holdings, Inc.","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.341673+00:00","generated_at":"2026-06-13T02:26:08.519550+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"PROG Holdings Q2 beats, raises full-year 2023 outlook; Adj EBITDA up 44% YoY","bullets":["Consolidated revenues $592.8M (down 8.7% YoY); non-GAAP diluted EPS $0.92 vs $0.52 YoY (+76.9%).","Adjusted EBITDA $75.0M, +44% YoY, driven by lower write-offs (7.1% vs 9.8%) and strong portfolio performance.","Raised FY 2023 guidance: Adj EBITDA now $270-280M (from $235-255M); non-GAAP EPS $3.10-3.25 (from $2.50-2.77).","Repurchased $35.4M stock in Q2 at avg $32.65; $265.4M remaining under $1B buyback program.","Progressive Leasing GMV $421.2M, -14.7% YoY due to tighter decisioning and soft consumer demand."],"urls":{"canonical":"https://secwatch.observer/filing/0001808834-23-000091","json":"https://secwatch.observer/filing/0001808834-23-000091.json","markdown":"https://secwatch.observer/filing/0001808834-23-000091.md","text":"https://secwatch.observer/filing/0001808834-23-000091.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1808834/000180883423000091/0001808834-23-000091-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1808834/000180883423000091/prg-20230726.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:26:08.519550+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":[{"claim_id":"a21beadb886bf6269990aedfe8196f7cdfb59b4f","claim":"PROG Holdings, Inc. reported second quarter ended June 30, 2023 results: revenue Consolidated revenues of $592.8 million, net income Consolidated net earnings for the quarter were $37.2 million, EPS Diluted earnings per share for the second quarter of 2023 were $0.79. Guidance raised.","evidence_excerpt":"2Q2023) --- PRESS RELEASE 2Q2023 Document Exhibit 99.1 PROG Holdings Exceeds Second Quarter 2023 Expectations, Raises Full-Year Financial Outlook • Consolidated revenues of $592.8 million • Earnings before taxes of $52.0 million • Adjusted EBITDA of $75.0 million, increase of 44% year-over-year • Diluted EPS of $0.79; Non-GAAP Diluted EPS of $0.92, up 76.9%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1808834/000180883423000091/0001808834-23-000091-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"Consolidated revenues of $592.8 million"},{"label":"Net income","value":"Consolidated net earnings for the quarter were $37.2 million"},{"label":"EPS","value":"Diluted earnings per share for the second quarter of 2023 were $0.79"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}