ADS - ADS STOCK NEWS

Alliance Data Systems Corporation (NYSE: ADS) reported a strong third quarter for 2021, showing significant year-over-year improvements in net income, pre-tax pre-provision earnings, and revenue. Net income rose 68% to $224 million, with revenue increasing 5% to $1,099 million. Credit sales surged 20% to $7.4 billion, supported by consumer recovery. The company anticipates further growth in credit sales and a positive economic outlook for 2022, alongside a notable cash distribution of $750 million from its upcoming LoyaltyOne spinoff.

Alliance Data Systems Corporation (NYSE: ADS) declared a quarterly cash dividend of $0.21 per share, payable on December 17, 2021. This dividend is for stockholders of record at the close of business on November 12, 2021. Alliance Data provides data-driven marketing, loyalty, and payment solutions, helping brands increase customer loyalty across multiple platforms. With approximately 8,000 associates globally, the company operates within the S&P MidCap 400.

Alliance Data Systems Corporation (NYSE: ADS) announced a strategic partnership with Sezzle Inc. (ASX: SZL) to enhance its Bread business, which will provide pay-over-time installment loans through Sezzle's extensive merchant network. This collaboration seeks to empower consumers with flexible payment options while expanding Sezzle's suite of products. Bread's loans will offer terms from 3 to 48 months with competitive interest rates, facilitating purchases of high-value items. The partnership aims to drive growth for both companies and their merchant partners starting in early 2022.

Alliance Data Systems Corporation (NYSE: ADS) released findings from a national study on Gen Z consumers, revealing their payment preferences and fears about debt. Notably, 86% prefer cash back rewards, and 84% value rewards that do not expire. However, 27% report being denied credit cards, a significantly higher rate than other generations. The study indicates a demand for both traditional and digital payment options, with 79% wanting centralized account management. With Gen Z's combined buying power projected to reach $143 billion, it underscores the need for retailers to adapt to their financial preferences.

On October 13, 2021, Alliance Data Systems Corporation (NYSE: ADS) announced the spinoff of its LoyaltyOne segment, which includes AIR MILES and BrandLoyalty, into a new public company named Loyalty Ventures Inc. Stockholders will receive 81% of Loyalty Ventures' shares on November 5, 2021, at a ratio of 1 for every 2.5 ADS shares owned. Alliance Data will retain 19%. The distribution is subject to SEC conditions, and a tax-free status is expected. Trading under the symbol LYLT is anticipated to begin shortly after the spinoff.

Alliance Data Systems Corporation (NYSE: ADS) will host a conference call on October 28, 2021, at 8:30 a.m. ET to discuss its third-quarter results. Analysts can register for the call to receive dial-in details in advance. The call will be available on the company's website, along with slides accompanying the webcast. A replay will be accessible until November 11, 2021. Alliance Data specializes in data-driven marketing, loyalty, and payment solutions, employing approximately 8,000 staff worldwide.

Alliance Data Systems Corporation (NYSE: ADS) reported key metrics for its Card Services segment as of August 31, 2021. The end of period receivables stood at $15.5 billion, with an average receivable of $15.5 billion. Year-over-year, average receivables increased by 2%. Net charge-offs for August amounted to $51.8 million, representing 4% of average receivables, down from 4.8% a year prior. The delinquency rate decreased to 3.6% from 4.5% in August 2020. This performance update highlights improvements in credit performance metrics.

Alliance Data Systems Corporation (NYSE: ADS) announced its participation in Deutsche Bank's Virtual Technology Conference on September 9, 2021. The company's president and CEO, Ralph Andretta, will present at 1:10 p.m. EDT, followed by a fireside chat. The live presentation can be accessed here or through the company’s website, with a replay available for 90 days. Alliance Data specializes in data-driven marketing, loyalty, and payment solutions, employing approximately 8,000 associates globally.

Alliance Data Systems Corporation (NYSE: ADS) provided a performance update for its Card Services segment as of July 31, 2021. The company reported end-of-period receivables of $15.92 billion, with average receivables of $15.56 billion, reflecting a 1% year-over-year change. Net charge-offs totaled $54.96 million, with a charge-off rate of 4.2%. Delinquency rates improved to 3.4% compared to 4.7% from the previous year. This update highlights the company's efforts in maintaining financial stability despite the challenging market conditions.