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 Second Quarter Results
• 
Sales Activity Improved Progressively Throughout the Second Quarter
• 
Expense Reduction Programs Achieved Approximately $50 Million in Cost Savings
• 
Additional Cost Savings of More than $100 Million Expected in Second Half of 2020
• 
Credit Metrics Better than Expected
• 
Investments in People and Technology to Drive Future Growth

COLUMBUS, Ohio, July 23, 2020
– Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, today announced results for the second quarter ended June 30, 2020.

Commenting on second quarter results, Ralph Andretta, president and chief executive officer of Alliance Data, said, “The second quarter was very challenging due to this unusual environment. The actions we took in 2019 and at the outset of COVID-19 supported better than expected performance for our overall business. Operating results at LoyaltyOne® were mixed. At AIR MILES®, expense reductions implemented late in 2019 and an enhanced product mix focused on items for the home resulted in a 5 percent increase in adjusted EBITDA, net on a constant-currency basis. At BrandLoyalty, revenue and adjusted EBITDA, net were down for the second quarter as grocer clients deferred loyalty spending into the second-half of 2020 and early 2021. Our Card Services business performed ahead of our COVID-19 expectations. Following a low point in April, activity increased progressively throughout the quarter as stores reopened, reaching a high point at the end of June. Payment trends remained relatively stable across the majority of our cardmember base, resulting in lower than expected delinquencies and net charge-offs. Given the uncertainty around macro-economic trends for the remainder of the year, we are maintaining an elevated reserve for loan loss, exceeding 13% of end of period receivables, which is an increase of more than 110 basis points from the first quarter of 2020. Expense management continues to play a large role in our quarterly results and will continue to do so for the remainder of the year. This is clearly illustrated with the approximately $50 million of cost savings from continuing operations across all of our business segments, resulting in positive earnings in the quarter.

The following information was filed by Alliance Data Systems Corp (ADS) on Thursday, July 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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