A strong second-quarterperformance prompted AllianceData Systems Corp. to raise its full-year 2016 guidance forrevenues and core EPS, company executives said on a call to discuss .
The company is "running ahead by aquarter" after posting a 17% increase inrevenues and a 11% increase in core EPS in the second quarter on ayear-over-year basis, President and CEO Ed Heffernan said.
Alliance Data acquired the remaining 20% stake inBrandLoyalty during the second quarter, earlier than planned.
Charles Horn, executive vicepresident and CFO of Alliance Data, said the earlier-than-scheduled acquisition "made sense" to Alliance Data as it exceededexpectations in the second quarter. The $259 million deal thatclosed April 1 was funded by upsizing BrandLoyalty's credit facility.