PROG Holdings Inc (NYSE:PRG)
$ 35.5 -0.08 (-0.22%) Market Cap: 1.53 Bil Enterprise Value: 1.89 Bil PE Ratio: 14.49 PB Ratio: 2.62 GF Score: 86/100
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Q1 2023 PROG Holdings Inc Earnings Call Transcript

Apr 26, 2023 / 12:30PM GMT
Release Date Price: $30.12 (+17.66%)
Operator

Good day, ladies and gentlemen, and thank you for standing by. Welcome to the PROG Holdings First Quarter Earnings Conference Call. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. John Baugh, Vice President of Investor Relations. Mr. Baugh, you may begin.

John Allen Baugh
PROG Holdings, Inc. - VP of IR

Thank you, and good morning, everyone. Welcome to the PROG Holdings' First Quarter 2023 Earnings Call.

Joining me this morning are Steve Michaels, PROG Holdings' President and Chief Executive Officer; and Brian Garner, our Chief Financial Officer. Many of you have already seen a copy of our earnings release issued this morning, which is available on our Investor Relations website, investor.progholdings.com.

During this call, certain statements we make will be forward-looking, including comments regarding our expectations related to the range of 2023 write-offs, resulting from our lease decisioning posture, our GMV, gross lease assets balance, and levels of 90-day buyouts in future periods, the

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