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Jun 30, 2021
Bread Financial Q2 2021 Earnings Report
Alliance Data's second quarter results highlighted progress in the transformation of the company, driven by efficient execution across its portfolio and improving business conditions.
Key Takeaways
Alliance Data reported a strong second quarter with net income of $273 million, driven by strong credit management and a favorable economic outlook, which led to a net reserve release of $208 million. Credit sales returned to pre-pandemic levels, and the company is on track for the LoyaltyOne spinoff by year-end.
Net income was $273 million, or $5.47 per diluted share.
A net reserve release of $208 million was driven by strong credit management and a more favorable economic outlook.
Credit sales returned to pre-pandemic levels as we exited the quarter.
The spinoff of LoyaltyOne is on track for year-end completion.
Forward Guidance
Alliance Data increased its 2021 credit sales forecast to a double-digit growth rate and now expects a net loss rate in the low 5% range for the year. Receivables at year-end 2021 are projected to be in line with year-end 2020 levels.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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