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Loyalty Ventures Inc. (Nasdaq: LYLT) will announce its Q1 2022 financial results on April 28, 2022, post-market close. A conference call to discuss the results and business outlook is scheduled for 4 p.m. CT the same day, with a live webcast available online. Loyalty Ventures specializes in tech-driven consumer loyalty solutions, notably through the AIR MILES program in Canada and BrandLoyalty in the Netherlands. The company aims to enhance client marketing activities and ROI through advanced data analytics.
Loyalty Ventures Inc. (Nasdaq: LYLT) announced significant leadership changes at its AIR MILES segment, with Shawn Stewart named as the new President, succeeding Blair Cameron. Stewart's extensive background in consumer loyalty and marketing includes a recent role at Canadian Tire Corporation. Joining him is Rick Neuman as Chief Technology Officer, previously at Walmart International. Both leaders are expected to enhance AIR MILES' consumer engagement and technology strategies as the program continues its 30-year legacy as Canada's top loyalty initiative.
Loyalty Ventures Inc. (Nasdaq: LYLT) announced its participation in the Sidoti Spring 2022 Virtual Small Cap Conference. Jeff Chesnut, Chief Financial Officer, will present on March 23, 2022, at 1:00 p.m. Eastern Time. A live webcast will be available for listeners, with a replay option for three months. Loyalty Ventures specializes in tech-enabled, data-driven consumer loyalty solutions, including the AIR MILES Reward Program, which engages approximately two-thirds of Canadian households. More details can be found on loyaltyventures.com.
Loyalty Ventures Inc. (Nasdaq: LYLT) has announced a pause in its operations in Russia, affecting loyalty campaigns with local grocery chains. The company will honor existing commitments, but new campaigns will not be launched. This decision is projected to result in a revenue loss of approximately $16 million for 2022. In 2021, the company reported revenues of $735 million. Loyalty Ventures specializes in tech-enabled, data-driven consumer loyalty solutions and operates notable programs like AIR MILES in Canada.
Alliance Data Systems Corporation (NYSE: ADS) announced its participation in the KBW Fintech Payments Conference on March 3, 2022. The event will feature a fireside chat with key executives, including President Ralph Andretta and CFO Perry Beberman, starting at 1:10 p.m. EST. The chat will be broadcast live and available for replay for 90 days. As a leading provider of payment and lending solutions, Alliance Data focuses on enhancing customer loyalty through various financial services. The company, headquartered in Columbus, Ohio, recently spun off its LoyaltyOne segment, now known as Loyalty Ventures (Nasdaq: LYLT).
Loyalty Ventures Inc. (Nasdaq: LYLT) reported financial results for Q4 and full year 2021, showing resilience despite COVID-related challenges. Q4 revenue reached $239 million, exceeding last year’s $231 million. However, the company recorded a net loss of $56 million due to a $64 million goodwill impairment. Adjusted EBITDA for Q4 was $47 million, up from $41 million in Q4 2020. Looking ahead, 2022 guidance anticipates revenues between $775 million to $800 million, driven by BrandLoyalty growth, though AIR MILES revenues may be affected by higher redemption costs. The company emphasizes its investment in digital innovation to sustain long-term growth.
On January 27, 2022, Alliance Data Systems Corporation (NYSE: ADS) released a performance update detailing its net charge-offs and delinquency rates for December 2021. The end of period receivables stood at $17.4 billion, with average receivables increasing by 3% year-over-year. Net charge-offs were reported at $62.2 million for December, translating to 4.5% of average receivables. The delinquency rate improved to 3.9% compared to 4.4% a year prior. The company recently spun off its LoyaltyOne segment, now known as Loyalty Ventures (Nasdaq: LYLT).
Alliance Data Systems Corporation (NYSE: ADS) reported its full year and Q4 2021 financial results on January 27, 2022. The press release highlights the company’s focus on tech-forward payment and lending solutions, emphasizing customer loyalty and growth. The company conducted a spinoff of its LoyaltyOne segment, now known as Loyalty Ventures Inc. (Nasdaq: LYLT). Details of the financial performance can be accessed via their investor relations website. A conference call discussing these results was scheduled for 8:30 a.m. ET on the same day.
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.
