PROG Holdings, Inc. (NYSE:PRG) Q3 2023 Earnings Conference Call October 25, 2023 8:30 AM ET
Company Participants
John Baugh - Vice President, Investor Relations
Steve Michaels - President and CEO
Brian Garner - Chief Financial Officer
Conference Call Participants
Kyle Joseph - Jefferies
Brad Thomas - KeyBanc Capital Markets
Jason Haas - Bank of America
Anthony Chukumba - Loop Capital Markets
Bobby Griffin - Raymond James
Operator
Good day and thank you for standing by. Welcome to the PROG Holdings Q3 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker’s presentation, there will be a question-and-answer session. [Operator Instructions]
Please be advised that today’s conference is being recorded. And I would now like to hand the conference over to your speaker today, Mr. John Baugh, Vice President of Investor Relations. Sir, please go ahead.
John Baugh
Thank you, and good morning, everyone. Welcome to the PROG Holdings Q3 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 GMV performance and lease merchandise write-offs in future periods, consumer demand and the retail environment going forward, the level of 90-day buyouts in future periods, gross and EBITDA margins, our capital allocation priorities, our updated 2023 full year outlook, and our outlook for the fourth quarter of 2023.
I want to call your attention to our Safe Harbor provision for forward-looking statements that can be found at the end of the earnings press release that we issued earlier this morning. That Safe Harbor provision identifies risks that may cause actual results that differ materially from the expectations discussed in our forward-looking statements.
There are additional risks that can be found in our annual report on Form 10-K for the year ended December 31, 2022, as well as our quarterly report on Form 10-Q for the quarter ended September 30, 2023, which we encourage you to read.
Listeners are cautioned not to place undue emphasis on forward-looking statements we make today and we undertake no obligation to update any such statements.
On today’s call, we will be referring to certain non-GAAP financial measures, including adjusted EBITDA and non-GAAP EPS, which have been adjusted for certain items which may affect the comparability of our performance with other companies.