Prog Holdings reports Q1 EPS 90c, consensus 83c

Reports Q1 revenue $684.09M, consensus $678.23M. “We’re pleased to report first quarter results with both earnings and non-GAAP diluted EPS coming in above the high end of our outlook – a reflection of disciplined execution across the business” said Prog Holdings (PRG) president and CEO, Steve Michaels. “Our ecosystem strategy is continuing to progress with Four, our BNPL platform, delivering triple-digit GMV growth for the sixth quarter in a row, while achieving its first quarter of positive adjusted EBITDA. Additionally, our cross-sell initiatives are starting to show real traction and are contributing to Progressive Leasing’s GMV.”