Exhibit 99.1


Investor Relations:  Brian Vereb (brian.vereb@alliancedata.com), 614-528-4516

Media Relations:  Shelley Whiddon (shelley.whiddon@alliancedata.com), 214-494-3811


Alliance Data Reports Third Quarter Results
•  
Strong Financial Results Across Key Metrics
•  
Continued Progress on Strategic Priorities
•  
Investments in Initiatives to Drive Sustainable Long-Term Growth

COLUMBUS, Ohio, October 29, 2020
– Alliance Data Systems Corporation (NYSE: ADS), a leading provider of data-driven marketing, loyalty and payment solutions, today announced results for the third quarter ended September 30, 2020, including net income of $133 million or $2.79 per diluted share.

“Alliance Data executed effectively in the third quarter, posting strong sequential improvement across key financial metrics,” said Ralph Andretta, president and chief executive officer of Alliance Data.  “This positive financial performance, together with actions to strengthen our balance sheet, advance our technology, and enhance our digital capabilities and product set, underscores Alliance Data’s commitment to sustainable, profitable long-term growth.

“Specifically, our third quarter financial results demonstrated a modest recovery in Card Services credit sales, which increased 28% sequentially, as credit metrics remained resilient, reflecting strong payment trends across our cardmember base.  Additionally, revenue from LoyaltyOne® improved from second quarter levels, reflecting better business conditions and improved AIR MILES® reward activity.  At the same time, we continued to drive significant company-wide expense reductions from ongoing efficiency programs that have reduced our cost to serve and enabled additional investment in areas of strategic priority.

“The Company made substantial progress executing on the strategic initiatives outlined during the second quarter earnings call.  With the acquisition of Bread, which is expected to close in the fourth quarter of 2020, we will expand our digital offering to include installment and buy now, pay later payment products.  These capabilities will expand our addressable market, while providing additional valuable cross-sell opportunities, as well as support our brand partners with new online product solutions.  With these offerings, Alliance Data is uniquely positioned to provide a branded, full spectrum payment suite for our partners.  Please refer to this morning’s press release on the acquisition for more information.

“Given the growth in digital engagement, we continue to accelerate our digital innovation.  With the combination of Bread and the launch of our Enhanced Digital Suite, our robust payment solutions offerings will enable our brand partners to further capitalize on the rapid pace of e-commerce growth, driving incremental customer acquisition and spend. The Enhanced Digital Suite offering promotes payment options early in the shopping experience, and provides our partners with improved digital marketing and payment tools.

The following information was filed by Alliance Data Systems Corp (ADS) on Thursday, October 29, 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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