secwatch.observer — SEC 8-K summary
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Issuer:     PROG Holdings, Inc. (PRG)
CIK:        0001808834
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001808834-24-000094
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROG beats Q2 expectations, raises FY2024 revenue and EPS guidance; GMV up 7.9% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808834/000180883424000094/0001808834-24-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808834/000180883424000094/prg-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001808834-24-000094

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer