secwatch.observer — SEC 8-K summary
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Issuer:     PROG Holdings, Inc. (PRG)
CIK:        0001808834
Form:       8-K
Filed at:   2026-03-10T23:59:59+00:00
Accession:  0001808834-26-000051
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808834/000180883426000051/0001808834-26-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808834/000180883426000051/prg-20260310.htm
  HTML page:      https://secwatch.observer/filing/0001808834-26-000051

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