ADS - ADS STOCK NEWS

Alliance Data Systems Corporation (NYSE: ADS) has renewed its long-term agreement with Ulta Beauty, Inc. for private label and co-brand credit card services. This partnership aims to enhance the Ultamate Rewards credit card benefits for Ulta's 36 million loyalty members, promoting increased engagement and spending. Ulta will utilize Alliance Data's digital capabilities and marketing tools to provide personalized experiences, focusing on evolving customer needs, especially among Gen Z consumers. The partnership represents a commitment to drive growth through innovative financial solutions.

Alliance Data Systems Corporation (NYSE: ADS) announced a quarterly cash dividend of $0.21 per share, payable on March 18, 2022, to shareholders recorded by February 11, 2022. The company, based in Columbus, Ohio, specializes in tech-forward payment and lending solutions, serving North America. Alliance Data completed the spinoff of its LoyaltyOne segment in November 2021, now known as Loyalty Ventures Inc. (Nasdaq: LYLT), enhancing its focus on core offerings.

Alliance Data Systems Corporation (NYSE: ADS) will hold a conference call on January 27, 2022, at 8:30 a.m. ET to discuss its full-year and fourth-quarter 2021 results. The call will review financial performance and future outlook following the spinoff of its LoyaltyOne segment, now known as Loyalty Ventures Inc. (Nasdaq: LYLT). Participants can register in advance for the call and access a replay afterward. This presents an opportunity for investors to gauge the company's performance post-spinoff and evaluate potential impacts on stock trajectory.

Alliance Data Systems Corporation (NYSE: ADS) provided a performance update as of November 30, 2021. The company's end-of-period receivables reached $16.64 billion, with average receivables totaling $16.01 billion. Net charge-offs for November amounted to $61.25 million, with a notable 4.6% rate against average receivables. The delinquency rate saw improvement at 3.9%, down from 5.0% a year prior. The company recently completed the spinoff of its LoyaltyOne segment, now known as Loyalty Ventures Inc. (Nasdaq: LYLT).

Alliance Data Systems (NYSE: ADS) has entered a multi-year agreement with the NFL to launch the NFL Extra Points Credit Card, rewarding fans for their purchases. The company will also acquire the existing NFL Extra Points Credit Card portfolio, with the transaction expected to close in Q2 2022. Existing cardmembers will transition seamlessly to the new program. The card aims to provide fans with enhanced benefits, leveraging Alliance Data's analytics expertise to drive acquisition and engagement. This partnership is positioned to strengthen fan loyalty and engagement within the NFL community.

Alliance Data Systems Corporation (NYSE: ADS) will participate in the Goldman Sachs 2021 US Financial Services Conference on December 7, 2021. The presentation, which begins at 1:40 p.m. EST, will feature CEO Ralph Andretta, CFO Perry Beberman, and CCO Val Greer. Interested parties can access the live broadcast on the company's website. A replay will be available for 90 days after the event. Alliance Data recently completed the spinoff of its LoyaltyOne segment, now known as Loyalty Ventures (NASDAQ: LYLT).

Alliance Data Systems Corporation (NYSE: ADS) released its performance update for October 2021, reporting end-of-period receivables of $15.98 billion and average receivables of $15.54 billion. Notably, net charge-offs for October amounted to $52.66 million, representing 4.1% of average receivables. The delinquency rate showed improvement at 3.9%, down from 4.9% the previous year. The company highlights a year-over-year growth of 1% in average receivables for the month, despite a 6% decline over the ten-month period. Key metrics indicate a steady performance amidst ongoing economic challenges.

Alliance Data Systems Corporation (NYSE: ADS) completed the spinoff of its LoyaltyOne segment, including the AIR MILES Reward Program and BrandLoyalty, into a new company, Loyalty Ventures Inc. (Nasdaq: LYLT), which began trading on November 8, 2021. The transaction involved a pro rata distribution, where ADS shareholders received one share of LYLT for every 2.5 shares of ADS held as of October 27, 2021. This separation allows Alliance Data to concentrate on its core Card Services business and pursue sustainable growth. The company retains 19% ownership of LYLT, intending to divest it tax-efficiently.

Loyalty Ventures (LYLT) will replace Applied Optoelectronics (AAOI) in the S&P SmallCap 600 index, effective November 9, 2021. This change follows the spinoff of Loyalty Ventures from Alliance Data Systems (ADS), set for completion on November 8. The decision reflects that Applied Optoelectronics no longer represents the small-cap market. This transition impacts the index's composition, emphasizing the dynamic nature of market capitalization and sector representation.