earnings
confidence high
sentiment positive
materiality 0.80
PROG beats Q2 expectations, raises FY2024 revenue and EPS guidance; GMV up 7.9% YoY
PROG Holdings, Inc.
2024-Q2 EPS reported
$1.26
revenue$1,234,031,000
- Q2 revenue $592.2M (flat YoY); diluted EPS $0.77 vs $0.79; non-GAAP EPS $0.92 in line.
- Progressive Leasing GMV $454.5M, up 7.9% YoY; lease write-offs 7.7% within 6%-8% target.
- Raised FY2024 outlook: rev $2.4-2.45B (prev $2.285-2.36B); adj. EBITDA $265-275M; diluted EPS $2.52-2.68.
- Repurchased $36.7M of stock at avg $35.67; remaining authorization $438.8M.
- Paid $0.12 dividend per share.