Exhibit 99.1


Contacts:
Investors/Analysts
 
Tiffany Louder
 
Alliance Data
 
214-494-3048
 
Tiffany.Louder@alliancedata.com
   
 
Media
 
Shelley Whiddon
 
Alliance Data
 
214-494-3811
 
Shelley.Whiddon@alliancedata.com


Alliance Data Reports First Quarter Results

• 
Positive Year-on-Year Comparisons Across Key Metrics in January and
February Offset by Impact of COVID-19 in March
• 
Business Continuity Plan Functioning Well
• 
Full Year 2020 to Benefit from $150 Million in Previously-Implemented Cost
Savings; Additional Expense Reductions Underway
• 
Proactive Measures Further Strengthen Liquidity Position

COLUMBUS, Ohio, April 23, 2020
– Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, today announced results for the first quarter ended March 31, 2020.

Commenting on first quarter results, Ralph Andretta, president and chief executive officer of Alliance Data said, “Our performance in January and February of this year showed positive momentum, with strong revenue growth and the benefit of cost savings programs. Favorable business trends continued through the onset of COVID-19 in early March, resulting in revenue growth of 4% for the first quarter paired with lower operating costs of $90 million for the period. First quarter earnings, however, were below last year’s levels, as we increased our provision for loan loss by $404 million reflecting the adoption of CECL as of January 1, 2020 and the COVID-19 impact on our business, resulting in earnings before taxes of $25 million.  Over $300 million of the $404 million provision increase is due to the economic impact of COVID-19.

Andretta continued, “In navigating this difficult and unprecedented time, the health and safety of our people remains the number one priority at Alliance Data, and I commend the tremendous efforts of our global leadership team and associates during this crisis. I am proud of the significant measures implemented to keep everyone safe and to minimize disruption to our business during the quarter and likewise, to our partners and customers.
1

The following information was filed by Alliance Data Systems Corp (ADS) on Thursday, April 23, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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