ADS - ADS STOCK NEWS

On January 26, 2021, Alliance Data Systems Corporation (NYSE: ADS) announced a multi-year renewal agreement with Arhaus, a leading home furnishings retailer, to continue providing private label credit card services. This partnership highlights Arhaus's commitment to customer-centric financial solutions and its resilience through challenges such as COVID-19. The Arhaus Archarge Credit Card offers customers rewards and financing options, enhancing customer loyalty and spending.

Alliance Data Systems Corporation (NYSE: ADS) is set to host a conference call on January 28, 2021, at 8:30 a.m. ET to discuss its fourth-quarter and full-year 2020 results. The call will be led by Ralph Andretta, President and CEO, alongside Timothy King, CFO. Analysts can register for dial-in details in advance. The call will be available via the internet and an archive will be accessible post-call. For inquiries, contact Brian Vereb at 614-528-4516. More information about the company can be found at www.AllianceData.com.

Alliance Data Systems Corporation (NYSE: ADS) released an update on its Card Services segment, reporting average receivables of $15.66 billion for November 2020, reflecting a 13% year-over-year decline. Net charge-offs totaled $68.24 million and represented 5.2% of average receivables, compared to 6.4% for the same month last year. The delinquency rate improved to 5.0%, down from 5.9% year-over-year. The COVID-19 pandemic's impact led to forbearance programs, which may affect delinquency and charge-off rates.

Alliance Data Systems Corporation (NYSE: ADS) has successfully acquired Lon Inc., operating under the trademark Bread, for approximately $450 million. This acquisition enhances Alliance Data's offerings in digital payment solutions, particularly in installment and buy now, pay later services. Bread's technology will integrate with various shopping environments, allowing brand partners to boost customer engagement and loyalty. The deal includes cash and about 1.9 million shares of Alliance Data stock, with part of the cash deferred for one year.

Alliance Data Systems Corporation (NYSE: ADS) will participate in the Goldman Sachs U.S. Financial Services Conference on December 8, 2020. The event will feature a virtual presentation by Ralph Andretta, CEO, and Val Greer, CCO, followed by a fireside chat with Tim King, CFO. The presentation is scheduled to begin at 1:40 p.m. EST and will be broadcast live via the company’s website. A replay will be accessible for 90 days post-event. Alliance Data offers data-driven marketing, loyalty, and payment solutions, serving leading consumer-based industries.

Alliance Data Systems (NYSE: ADS) announced enhancements to its Card Services business, aiming to support brand partners and consumers during the holiday shopping season. The company is focusing on digital tools and data analytics to facilitate seamless payment options, with over 53% of retailers initiating holiday campaigns early. With 40% of shopping expected online, Alliance Data offers an Enhanced Digital Suite, integrating payment solutions into brand partners' websites. The firm also plans to acquire Bread, a digital payments company, to strengthen its buy now, pay later capabilities.

Alliance Data Systems Corporation (NYSE: ADS) released an update on its Card Services segment, reporting average receivables of $15.38 billion for October 2020, a 13% decrease year-over-year. Net charge-offs reached $48.82 million, translating to 3.8% of average receivables. The delinquency rate stood at 4.9%, down from 5.9% in 2019. The company's forbearance programs related to COVID-19 may have influenced these figures. Investors should monitor these trends as they indicate the company's performance amid economic challenges.

Alliance Data Systems Corporation (NYSE: ADS) released its Card Services performance update, highlighting net charge-offs and delinquency rates as of September 30, 2020. The average receivables for the month were approximately $15.28 billion, down 13% year-over-year. Net charge-offs amounted to $49.19 million for September, translating to 3.9% of average receivables. In comparison, the delinquency rate decreased to 4.7% from 5.9% in 2019. The company has implemented forbearance programs due to COVID-19, affecting delinquency and charge-off rates.

Alliance Data Systems Corporation (NYSE: ADS) announced its Q3 2020 results, reporting net income of $133 million or $2.79 per diluted share, marking a 10% increase year-over-year. Despite a 27% decline in revenue to $1,050 million, sequential improvements include a 28% rise in Card Services credit sales. The company aims to expand its digital offerings through the acquisition of Bread and the launch of Enhanced Digital Suite, enhancing their competitive position in the market. However, adjusted EBITDA fell 32% to $250 million.