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AI brief of an SEC Form 8-K · PROG Holdings (PRG)

PROG Holdings raises 2024 revenue and EPS outlook as Q2 profit dips

Mixed Impact 4 of 5 earnings Written later

PROG Holdings reported second quarter 2024 revenue of $592.2 million, flat with the prior year, and diluted EPS of $0.77 versus $0.79 a year earlier. The company raised its full-year 2024 revenue and diluted EPS outlook, citing 7.9% year-over-year growth in Progressive Leasing GMV, though net earnings declined.

Key points

  • Q2 net earnings were $33.8 million versus $37.2 million; diluted EPS was $0.77 versus $0.79.
  • Progressive Leasing GMV rose 7.9% to $454.5 million year over year.
  • 2024 revenue outlook raised to $2.40 billion-$2.45 billion from $2.285 billion-$2.36 billion; diluted EPS outlook raised to $2.52-$2.68 from $2.18-$2.43.
  • Third quarter 2024 diluted EPS outlook is $0.61-$0.71.

The filing

CompanyPROG Holdings (PRG)
Form8-K, current report
Filed with the SECJul 24, 2024, 8:20 AM ET
Accession number0001808834-24-000094

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.