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Jun 30, 2022
Prog Holdings Q2 2022 Earnings Report
Reported second quarter 2022 results with consolidated revenues of $649.4 million and diluted EPS of $0.37.
Key Takeaways
PROG Holdings reported a decrease in consolidated revenues to $649.4 million, a net income of $19.5 million, and a diluted EPS of $0.37 for the second quarter of 2022. The company is focused on increasing its market share and has launched as the exclusive lease-to-own provider for Samsung.com.
Progressive Leasing GMV decreased by 2.4% year-over-year to $494.0 million.
E-commerce accounted for 15.6% of Progressive Leasing GMV, an increase of 17.6% year-over-year.
Consolidated revenues decreased by 1.6% year-over-year to $649.4 million.
Diluted EPS was $0.37, and Non-GAAP Diluted EPS was $0.52.
Revenue by Segment
Forward Guidance
The company is reiterating its revised full year 2022 consolidated outlook as presented in its press release issued on June 16, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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