Bread Financial (BFH) Q1 Earnings Lag, Credit Sales Fall Y/Y [Yahoo! Finance]
Bread Financial Holdings, Inc. (BFH)
Company Research
Source: Yahoo! Finance
The bottom line plunged 70% year over year. The quarterly results reflected a drop in credit sales and, subsequently, average loans. The company noted that consumer spending continues to moderate, given persistent inflation and higher interest rates. Loan growth was impacted by proactive credit tightening initiatives given stricter credit risk management due to economic pressures that affect consumer spending and payment capacity. Behind the Headlines Revenues decreased 23% year over year to $1 billion, attributable to lower late fee revenues and higher interest expense. The top line missed the consensus estimate by 0.4%. Credit sales of $6 billion decreased 18% year over year, reflecting the sale of the BJ's Wholesale Club portfolio in late February 2023, ongoing strategic credit tightening and moderating consumer spending, partially offset by new partner growth. Our estimate for the metric was pegged at $7.1 billion. Bread Financial Holdings, Inc. Price and EPS Surprise
Show less
Read more
Impact Snapshot
Event Time:
BFH
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BFH alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BFH alerts
High impacting Bread Financial Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
BFH
News
- Bread Financial Holdings, Inc.'s (NYSE:BFH) CEO Might Not Expect Shareholders To Be So Generous This Year [Yahoo! Finance]Yahoo! Finance
- Bread Financial Holdings, Inc. (NYSE: BFH) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $67.00 price target on the stock, up previously from $38.00.MarketBeat
- Bread Financial Holdings, Inc. (NYSE: BFH) was downgraded by analysts at Argus from a "buy" rating to a "hold" rating.MarketBeat
- Bread Financial Holdings, Inc. (NYSE:BFH) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Bread Financial Holdings (NYSE:BFH) Is Paying Out A Dividend Of $0.21 [Yahoo! Finance]Yahoo! Finance
BFH
Earnings
- 4/25/24 - Miss
BFH
Sec Filings
- 5/2/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/25/24 - Form 8-K
- BFH's page on the SEC website