PROG Holdings crushed Q2 revenue expectations with a 22% year-over-year surge to $719.7M, boosted by strong performance across all brands — especially Four and Purchasing Power — even as the stock dipped amid rising write-offs tied to longer leases. While adjusted EPS blew past forecasts, operating margins took a hit as the company strategically trades short-term delinquency for higher portfolio yield. Looking ahead, they’re betting big on AI and tech to drive customer experience while staying vigilant on inflation and consumer spending — balancing growth with careful portfolio management.
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