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ADS - Alliance Data credit card net charge-offs and delinquency rate fall in June
Alliance Data Systems Corporation
Alliance Data Systems ((ADS -0.0%)) reports improving Y/Y credit card performance for June. Average receivables ticked slightly higher to $15.4M, while net charge-offs as a percentage of average receivables fell to 4.8% from 5.2% in May and 7.4% in June 2020. Delinquency rate of 3.3% rises from 3.2% in May but improves from 4.3% a year ago. Earlier, Alliance Data Systems EPS beats by $2.13, misses on revenue.