PROG Holdings Lowers Full-Year 2026 Revenue and EPS Guidance
The company cut its 2026 revenue guidance midpoint to $3.03 billion from $3.06 billion and reduced its adjusted EPS guidance midpoint to $4.78. Management cited a more cautious consumer environment.
PROG Holdings updated its financial outlook for the full year 2026, lowering its revenue guidance to a midpoint of $3.03 billion from the previous $3.06 billion. The company also reduced its full-year adjusted EPS guidance to a midpoint of $4.78. These revisions follow a third quarter where, despite a revenue beat, the company's non-GAAP profit of $1.06 per share fell short of analyst consensus estimates. The updated guidance reflects management's more cautious stance on the consumer environment as the company approaches the end of the fiscal year.