goeasy (TSE:GSY) reported a first-quarter adjusted loss as elevated credit losses in its merchant-originated lending business continued to weigh on results, while management said the company remains on track with a plan to reduce exposure to weaker-performing loans and refocus growth on its core direct-to-consumer easyfinancial franchise.
On the company’s Q1 2026 earnings call, Chief Executive Officer Patrick Ens said goeasy has continued to execute on a six-point action plan outlined after its fourth-quarter results. The plan includes reducing originations in underperforming merchant channels, tightening credit, cutting costs and carefully managing liquidity.
