Bread Financial Holdings, Inc. (BFH) Tops Q2 EPS; Lowers Outlook

Bread Financial Holdings, Inc. (NYSE: BFH) reported Q2 EPS of $0.95, $0.86 better than the analyst estimate of $0.09. Revenue for the quarter came in at $952 million versus the consensus estimate of $968.27 million.

GUIDANCE:

"Our 2023 full year outlook is updated to reflect slower sales growth as a result of strategic credit tightening and moderating consumer spending, which pressures loan growth and the net loss rate.

"Total revenue growth for 2023, excluding the gain on portfolio sale, is anticipated to be slightly above average loan growth, with a full year net interest margin similar to that of 2022

For earnings history and earnings-related data on Bread Financial Holdings, Inc. (BFH) click here.

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