PROG Holdings cuts FY2026 revenue outlook by ~$70M due to ASC 606 adoption for Purchasing Power

PROG Holdings, Inc.

Total revenue guidance revised to $2.95B-$3.07B from $3.02B-$3.14B; Purchasing Power cut to $610M-$660M from $680M-$730M.
Revenue reduction of ~$70M at both ends primarily from Travel and Service categories under ASC 606.
No material impact on Purchasing Power gross margin, earnings before taxes, or adjusted EBITDA.
Other 2026 financial guidance and assumptions unchanged; Purchasing Power still expected to grow low double-digit.
Company holds Investor Day on March 10, 2026, with webcast available.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.