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Mar 31, 2021
Prog Holdings Q1 2021 Earnings Report
Reported first quarter results, demonstrating growth in GMV, e-commerce penetration, and consolidated revenues.
Key Takeaways
PROG Holdings reported a strong first quarter with significant growth in key areas. Progressive Leasing's GMV increased by 10.4%, driven by e-commerce penetration and national partners. Consolidated revenues rose by 7.9%, and diluted EPS reached $1.16. The company also provided a positive FY 2021 outlook.
Progressive Leasing GMV increased by 10.4% to $510 million.
E-commerce accounted for 14.3% of GMV, a significant increase from 1.9% in Q1 2020.
Consolidated revenues grew by 7.9% to $721 million.
Diluted EPS was reported at $1.16, with Non-GAAP diluted EPS at $1.22, up 197.6%.
Revenue by Segment
Forward Guidance
The Company is providing the following outlook for its 2021 fiscal year.
Positive Outlook
- Total Revenues between $2,700,000 and $2,775,000.
- Net Earnings between $246,000 and $259,000.
- Adjusted EBITDA between $380,000 and $400,000.
- Diluted EPS between $3.56 and $3.81.
- Diluted Non-GAAP EPS between $3.80 and $4.05.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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