Brief: PROG Holdings Announces Cost Savings Actions

PROG Holdings

25/01/2024 22:28

Jan 25 (Reuters) - PROG Holdings Inc  PRG.N :
    * PROG HOLDINGS: ACTIONS INCLUDE REDUCTION IN WORKFORCE,
TERMINATION OF CERTAIN INDEPENDENT SALES AGENT AGREEMENTS,
OFFICE SPACE CONSOLIDATION
    * PROG HOLDINGS: BELIEVES ACTIONS EXPECTED TO BE
SUBSTANTIALLY
COMPLETED DURING Q1, WILL RESULT IN ANNUALIZED PRE-TAX SAVINGS
OF ABOUT $15 MILLION
    * PROG HOLDINGS INC: TOTAL REVENUES AND DILUTED NON-GAAP EPS
ARE
EXPECTED TO MEET OR SLIGHTLY EXCEED HIGH-END OF FULL-YEAR 2023
OUTLOOK
    * PROG HOLDINGS INC: COMPANY'S GROSS MERCHANDISE VOLUME FOR
Q4 OF
2023 WAS BETTER THAN EXPECTED
    * PROG HOLDINGS INC: OVERALL LEASE PORTFOLIO SIZE WAS DOWN
ENTERING 2024

Source text for Eikon:  ID:nBw8bjQT0a 
Further company coverage:  PRG.N 

 ((Reuters.Briefs@thomsonreuters.com;))