PROG Holdings Inc (PRG) Earnings

PROG Holdings, Inc. engages in the provision of lease-purchase solutions. The company is headquartered in Draper, Utah and currently employs 1,403 full-time employees. Its Progressive Leasing segment is a provider of e-commerce, app-based, and in-store point-of-sale lease-to-own solutions. The segment provides consumers with lease-purchase solutions through its point-of-sale partner locations and e-commerce website partners. The company does so by purchasing the merchandise from the POS partners desired by customers and, in turn, leasing that merchandise to the customers through a cancellable lease-to-own transaction. Its Vive segment primarily serves customers who may not qualify for traditional prime lending offers but desire to purchase goods and services from participating merchants. Vive offers customized programs with services that include revolving loans through private label and Vive-branded credit cards. Its Four segment provides consumers of all credit backgrounds with BNPL options through four interest-free installments.