ADS - ADS STOCK NEWS

Alliance Data Systems Corporation (NYSE: ADS) will host a virtual investor event on May 18, 2021, from 9 a.m. to 11:30 a.m. ET. The event will feature presentations from President and CEO Ralph Andretta and the executive leadership team, focusing on the Company’s three-year strategic plan, enhanced product offerings, lending philosophy, and long-term financial targets. A Q&A session will follow. Interested analysts can register for dial-in details and participate via the webcast available at AllianceData.com.

On April 29, 2021, Alliance Data Systems Corporation (NYSE: ADS) announced an update on its Card Services segment, highlighting its performance metrics for March 2021. The company reported end-of-period receivables of $15.54 billion and average receivables of $15.43 billion, showing a year-over-year decline of 13%. Additionally, net charge-offs for March amounted to $68.04 million, or 5.3% of average receivables, compared to 5.0% a year prior. Delinquency rates decreased to 3.8% from 6.0%, indicating an improvement in credit quality.

Alliance Data Systems Corporation (NYSE: ADS) reported a 21% decline in revenue to $1,085 million for Q1 2021, impacted by COVID-19. Despite this, net income surged to $286 million or $5.74 per diluted share, an 854% increase year-over-year. Credit sales slightly dipped by 1% to $6.0 billion, yet year-over-year performance improved. The partnership with Bread and Fiserv aims to enhance growth opportunities. Looking ahead, credit sales are expected to rise at a high-single to low-double-digit rate in 2021, while total revenue may decrease slightly compared to 2020.

Alliance Data Systems Corporation (NYSE: ADS) has announced that its Bread division will provide point-of-sale lending products through a partnership with Fiserv (NASDAQ: FISV). This collaboration aims to enable merchants using Fiserv's services to offer consumers flexible payment options, enhancing sales and customer engagement. Derek Joyce, president of Bread, and Val Greer, EVP of Alliance Data Card Services, emphasized the importance of this strategic relationship in driving revenue and improving payment flexibility for merchants. The partnership aims to simplify checkout experiences both online and in-store.

Alliance Data Systems Corporation (NYSE: ADS) has announced a quarterly cash dividend of $0.21 per share on its common stock. This dividend will be payable on June 18, 2021, to stockholders of record at the close of business on May 14, 2021. As a leading provider of data-driven marketing, loyalty, and payment solutions, Alliance Data continues to support its shareholders through consistent dividend payments.

Petco (NASDAQ: WOOF) has launched Petco Pay, a new credit card program in partnership with Alliance Data Systems (ADS) and Mastercard (MA). This initiative includes two card types: the Petco Pay Mastercard and the Petco Pay Credit Card, offering benefits such as 20% off the first purchase and 8% back at Petco. The program aims to donate up to $1 million annually to Petco Love for pet welfare. The cards are available exclusively for Pals Rewards members and feature no annual fees and personalized card options.

Alliance Data Systems Corporation (NYSE: ADS) announced it will host a conference call on April 29, 2021, at 8:30 a.m. ET to discuss its first-quarter 2021 results. Analysts can register for dial-in details, and the call will also be available online. A replay of the call will be accessible post-event. Alliance Data, based in Columbus, Ohio, is a leading provider of data-driven marketing, loyalty, and payment solutions for consumer industries. The company focuses on enhancing customer loyalty and driving business growth for major brands.

Alliance Data Systems Corporation (NYSE: ADS) has appointed Perry Beberman as the new executive vice president and CFO, effective July 6, 2021. Beberman joins from Bank of America, where he held senior finance roles. He succeeds Tim King, who served as CFO since 2019. The company's interim financial oversight will be managed by Ralph Andretta and the financial team during the transition. Beberman aims to drive sustainable growth and strengthen the company's financial performance amid a strategic transformation.

Alliance Data Systems Corporation (NYSE: ADS) released a performance update on its Card Services segment as of February 28, 2021. The report showed end-of-period receivables at $15,881,520 and average receivables were reported at $15,741,872, reflecting a 14% year-over-year decline. Net charge-offs for February were $67,970, representing 5.2% of average receivables, a slight increase from 4.9% in the previous year. The delinquency rate stood at 4.3%, down from 5.9% year-over-year.