PROG Holdings, Inc. (NYSE:PRG) Q4 2022 Earnings Call Transcript

Brian Garner: Yes. Thanks, Vincent. Yes, we definitely are. I’m pleased with the level of engagement. I don’t think we’ve had better collaboration and partnering with our counterparts at our merchant partners than we have now. And that makes sense because every retailer is out there trying to for comps. So, the idea of someone always having a negative view on our first material in storage, but then deciding, okay, let’s try that out and give it a test. That’s about the development. The pronged partner league, which has been really successful at coming up with that. We’ve got more and more partners wanting to participate in our product partner week, which really €“ which markets to previous customers on a co-branded, not co-branded, well, progressive co-branded as well, but two of our merchants will be, would send something out with progressive on there as well.

For example, like Best Buy and or something like that. So, that’s increasing in velocity and frequency and we’re seeing some good returns there. And then just generally, we have a pretty good track record and data backing up like talked about the tool and our tool about now and conversations and potential resource allocation, which is the most important part of that statement are positive and like if there’s tools that are left unused in that tool belt, across a specific merchant partner, those things, now, there’s always limitations and everybody has good intentions and they might not have the resource to be able to execute on that before holiday this year or something like that. But we’re focused on taking the burden, taking as much of the burden off the retailer as we can and putting that work on our side of the ledger to the extent we can.

We can’t do it a 100%, but to the extent we can make it easier integrations and easier deployment of those tools that benefits us and the retailer and makes us a continued preferred partner. So, we’re encouraged by those things and we hope to have actual evidence and execution of a number of those things in 2023.

Vincent Caintic: Perfect. Thanks very much.

Operator: Thank you. And I’m not showing any further questions in the queue. I’ll turn the call back over to Steve for any closing remarks.

Steve Michaels: Thank you, Victor. It’s a privilege you all joining us today. As we wrapped up a very challenging 2022, 2023 also had those challenges, but we’re optimistic about what we can accomplish, and what the future €“ the multi-year, I mean near-term to medium-term future holds for us. Really just want to reiterate my appreciation and thanks to the team for executing well and for doing the work that’s going to get us to where we need to be. So, we look forward to updating you all here shortly in 60or so days at the end of April about our Q1 results.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect. Everyone have a great day.