PROG Holdings, Inc. (PRG) Q2 2025 Earnings Call Transcript


PROG Holdings, Inc. (NYSE:PRG) Q2 2025 Earnings Conference Call July 23, 2025 8:30 AM ET

Company Participants

John Baugh – Vice President of Investor Relations
Steven Michaels – CEO, President & Director
Brian Garner – Chief Financial Officer

Conference Call Participants

Kyle Joseph – Stephens Inc., Research Division
Robert Griffin – Raymond James & Associates, Inc., Research Division
Bradley Thomas – KeyBanc Capital Markets Inc., Research Division
Hoang Nguyen – TD Cowen, Research Division
Anthony Chukumba – Loop Capital Markets LLC, Research Division
John Hecht – Jefferies LLC, Research Division
Vincent Caintic – BTIG, LLC, Research Division

Operator

Good day, and thank you for standing by. Welcome to the PROG Holdings Q2 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your speaker today, John Baugh, Vice President, Investor Relations. Please go ahead.

John Baugh

Thank you, and good morning, everyone. Welcome to the PROG Holdings Second Quarter 2025 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 revised 2025 full year outlook, and our guidance for the Third Quarter of 2025, the health of our lease portfolio and our capital allocation priorities. Listeners are cautioned not to place undue emphasis on forward-looking statements we make today, all of which are subject to risks and uncertainties, which could cause actual results to differ materially from those contained in the forward-looking statements. We undertake no obligation to update any such statements.

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