- Aaron's (NYSE:AAN) reports revenue for the sales & lease ownership fell 3.9% to $497M in Q2.
- HomeSmart division sales -3.1% to 415.5M.
- The core business generated EBITDA of $53.8M, 10.5% of sales vs. 5.5% a year ago.
- Progressive revenue for Q2 was $256M. EBITDA came in at 14% of sales and write offs were 6.1% of sales.
- Store count 2,080: 1,211 Company-operated Sales & Lease stores, 785 franchised S&L stores, 83 HomeSmart stores, 2 franchised HomeStart outlets.
- Guidance: Outlook on revenue unchanged. EPS view raised to $2.15-$2.35 vs. $2.01-$2.21 prior and $2.15 consensus.
- Previously: Aaron's beats by $0.16, beats on revenue (Jul. 24 2015)
Strong profit beat and guidance lift from Aaron's
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Symbol | Last Price | % Chg |
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AAN | - | - |
The Aaron's Company, Inc. |