PROG Holdings cuts 2026 revenue outlook to USD 2.95-3.07 billion

Reuters03-10

PROG Holdings cuts 2026 revenue outlook to USD 2.95-3.07 billion

PROG Holdings revised its 2026 outlook to reflect applying ASC 606 to Purchasing Power, which is expected to reduce Purchasing Power revenue by about 70 million. Purchasing Power 2026 revenue is now forecast at 610 million to 660 million, versus the prior 680 million to 730 million. Total revenues from continuing operations are now expected at 2.95 billion to 3.07 billion, down from 3.02 billion to 3.14 billion. The company still expects Purchasing Power revenue to grow at a low double-digit rate in 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PROG Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202603100630BIZWIRE_USPR_____20260310_BW369318) on March 10, 2026, and is solely responsible for the information contained therein.

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