Affirm Holdings, Inc. Stock Price, News & Analysis

Affirm Holdings (NASDAQ: AFRM) announced participation in two investor conferences. On November 29, 2022, CFO Michael Linford will engage in a fireside chat at the Credit Suisse Technology Conference in Scottsdale, AZ, starting at 2:05 pm PT. Following that, on December 2, 2022, he will participate in the Wedbush Disruptive Finance Virtual Conference at 8:00 am PT. Both events will be available via live webcast on Affirm's investor relations website.

Affirm Holdings, Inc. (NASDAQ: AFRM) reported its fiscal 2023 first quarter results for the period ending September 30, 2022. The company provides financial products aimed at improving consumer spending and saving habits. Key financial outcomes and shareholder insights are detailed in their SEC Form 8-K. A conference call to discuss these results is set for today at 5:00 pm ET, led by CEO Max Levchin and CFO Michael Linford. Interested parties can access the call via the investor relations website.

Newegg Commerce (NASDAQ: NEGG) and Affirm (NASDAQ: AFRM) have expanded their partnership to Canada, enhancing payment options for customers on Newegg.ca. The integration allows eligible customers to use Affirm to pay over time for purchases of $100 CAD or more, with no late fees or hidden costs. The initiative aims to provide Canadian consumers with the same flexible shopping experience previously offered in the U.S. since 2021. Newegg's Senior Category Manager, Danny Yip, anticipates positive reception from Canadian customers, especially ahead of the holiday season.

Affirm (NASDAQ: AFRM) has announced a conference call and webcast to discuss its first quarter fiscal year 2023 financial results scheduled for November 8, 2022, at 5:00 PM ET. The call will be led by Max Levchin, CEO, and Michael Linford, CFO. Financial results will be released on the same day, and a replay of the call will be available on the investor relations website.

Affirm's recent survey reveals a significant shift in consumer spending for the upcoming holiday season, with 71% of Americans planning to adjust their expenditures. Key findings show that 85% will prioritize physical gifts, 49% intend to spend over $100 on loved ones, and 60% typically exceed their budgets by up to $500. Notably, credit card usage for holiday shopping has drastically declined from 62% to 35%. The survey highlights budgeting stresses and an emphasis on earlier purchasing and discounts, showcasing Affirm's relevance in offering flexible payment solutions.

Affirm (NASDAQ: AFRM) has expanded its partnership with Amazon to Canada, enhancing payment options for customers shopping on Amazon.ca. This new feature, available in both English and French, allows eligible customers to select Affirm during checkout and undergo a quick, soft credit check without affecting their credit score. Customers can split purchases of $50 or more into monthly payments with no hidden fees or late charges. Affirm aims to deliver transparency and flexibility, building on its success in the U.S. market.

INTERMIX has partnered with Affirm to offer flexible payment options for its designer fashion items, enhancing the shopping experience for customers. Eligible shoppers can choose from various payment plans, including interest-free biweekly payments, ensuring transparency with no hidden fees. This collaboration aims to attract more customers to INTERMIX's exclusive offerings both online and in-store. The partnership also positions INTERMIX within Affirm's extensive network of nearly 14 million consumers and 235,000 merchants, promoting growth for both companies.

Affirm Holdings (NASDAQ: AFRM) invites investors to submit questions ahead of a shareholder fireside chat on September 27, 2022, at 11:00 AM Pacific Time. CFO Michael Linford will engage in discussion moderated by Jason Kupferberg from Bank of America. The event will be streamed live on the Company’s investor relations website.

Shareholders can use Say Technologies’ Q&A platform to submit questions until September 26, 2022, at 6:00 AM Pacific Time. A replay will be available post-event.

Affirm's recent consumer spending data reveals a surge in spending as consumers eagerly socialized this summer. Flight spending quintupled compared to last year, while cooking supply expenditures nearly tripled. Average flight and home rental purchases were approximately $700 and $1,560, respectively. Apparel spending increased by 70%, with pet supply purchases averaging over $330. Engagement ring purchases rose 35%, averaging over $2,000. Overall, Affirm's solutions are more in demand amid inflation, helping consumers manage their budgets responsibly.