PROG Holdings cuts 2026 revenue, earnings outlook on consumer pressures
PRG•PROG Holdings cut its full-year 2026 revenue and earnings outlook, citing macroeconomic pressures and financially challenged consumers. Third-quarter revenue rose 25.6% to $725.8 million, driven by the Purchasing Power acquisition and growth at Four Technologies.
1. Outlook reduced
PROG Holdings cut its full-year 2026 revenue and earnings outlook, citing ongoing macroeconomic pressures and financially challenged consumers. The outlook assumes current operating conditions persist, with no material decisioning changes or meaningful increase in unemployment among customers. It includes a planned $100 million fourth-quarter accelerated share repurchase, reflecting only the initial delivery of approximately 80% of shares, and an assumed 26% effective tax rate for non-GAAP earnings per share.
2. Third-quarter revenue
Third-quarter revenue rose 25.6% to $725.8 million, driven by the Purchasing Power acquisition and growth at Four Technologies.
