PROG Holdings Reports First Quarter 2021 Results
- Progressive Leasing GMV of $510 million, up 10.4%
- E-commerce 14.3% of GMV, up from 1.9% in Q1 2020
- Consolidated Revenues of $721 million, up 7.9%
- Diluted EPS of $1.16; Non-GAAP Diluted EPS $1.22, up 197.6%
- Consolidated earnings before taxes of $105.6 million; Adjusted EBITDA of $118.1 million, up 88.7%
- Company provides FY 2021 outlook; Diluted GAAP EPS of $3.56 to $3.81; Diluted Non-GAAP EPS of $3.80 to $4.05
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SALT LAKE CITY, April 29, 2021 /PRNewswire/ -- PROG Holdings, Inc. (NYSE:PRG), the fintech holding company for Progressive Leasing, a leading provider of in-store and e-commerce lease-to-own solutions, and Vive Financial, a provider of omnichannel second-look revolving credit solutions, announces financial results for the first quarter ended March 31, 2021.