PROG Holdings cuts 2026 revenue outlook by $70 million
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PROG Holdings Updates 2026 Outlook Ahead of Investor Day
March 10, 2026 6:30 AM EDTSALT LAKE CITY--(BUSINESS WIRE)-- PROG Holdings, Inc. (NYSE: PRG), the fintech holding company for Progressive Leasing, Four Technologies, MoneyApp, and Purchasing Power, today announced it is updating its full year 2026 outlook, specifically for its Purchasing Power business, ahead of its Investor Day in New York City on March 10, 2026.
In connection with the Companys acquisition of Purchasing Power in January 2026, the Company will be applying revenue recognition standard ASC 606, which the Company believes will primarily result in changes to revenue reported for Purchasing Powers Travel and Service product categories. Specifically,... More
