Business Wire·Mar 10, 2026, 6:30 AM ET

PROG Holdings Updates 2026 Outlook Ahead of Investor Day

PROG Holdings Inc. updated its 2026 outlook for the Purchasing Power business ahead of its March 10, 2026 Investor Day.
The revision applies ASC 606 revenue recognition standards following the January 2026 acquisition of Purchasing Power.
Travel & Service revenue will be reported net of certain direct costs, reducing total Purchasing Power revenue by approximately $70 million compared to previous guidance.
The revenue reduction does not materially impact Purchasing Power's gross margin, earnings before taxes, or adjusted EBITDA.
PROG Holdings continues to expect Purchasing Power's 2026 revenue to grow at a low double-digit rate.
Total PROG Holdings 2026 revenue guidance was lowered to a range of $2.95 billion to $3.07 billion from a previous range of $3.02 billion to $3.14 billion.
Revised Purchasing Power 2026 revenue guidance is now $610 million to $660 million, down from the prior range of $680 million to $730 million.
Other financial expectations & underlying assumptions remain unchanged from the February 18, 2026 guidance.
The company assumes a difficult operating environment with soft demand for consumer durable goods & does not anticipate a material economic slowdown from Iran-related hostilities.
A live webcast of the Investor Day will be available at investor.progholdings.com with an archived replay following the event.