PROG Holdings Reports Q3 Non-GAAP EPS and Revenue Misses Despite Strong GMV Growth
PROG Holdings (NYSE: PRG) reported third-quarter financial results that fell short of market expectations. The company posted a Non-GAAP earnings per share (EPS) of $1.06, missing estimates by $0.03, while revenue reached $725.8 million, trailing consensus by $12.02 million. Despite the misses on top and bottom lines, the company showed significant year-over-year growth, with revenue increasing 25.6% compared to the previous year. Additionally, consolidated Gross Merchandise Volume (GMV) saw a substantial rise of 58.9%, reaching $912.0 million. The net leverage ratio concluded the quarter at 1.5x.
Tickers: $PRG
Topics: earnings miss GMV net leverage revenue growth