Why Did PROG Holdings Soar 11.85% on Earnings Beat?

On July 23, 2025, PROG Holdings surged by 11.85% in pre-market trading, marking a significant rise in its stock price.

PROG Holdings has recently reported its second-quarter 2025 earnings, which exceeded market expectations. The company's adjusted earnings per share and revenue both outperformed analyst forecasts, contributing to the positive market sentiment.

In response to the strong earnings report, PROG Holdings has revised its full-year 2025 guidance, raising the lower end of its adjusted earnings per share projection to $3.20-$3.35 and revenue to $2.45-$2.50 billion. This adjustment reflects the company's confidence in its financial performance and future prospects.

Investors and analysts have been closely monitoring PROG Holdings' earnings report, as it provides valuable insights into the company's operational efficiency and strategic initiatives. The positive earnings report and revised guidance have bolstered investor confidence in the company's growth potential.