Aaron's Inc. (AAN) - NYSE
  • Fri, Apr. 29, 8:36 AM
    • Aaron's (NYSE:AAN) reports core revenue fell 4.8% to $543M in Q1.
    • Same-store revenue for core business declined 2.1%.
    • Segment revenues: Sales & Lease Ownership: $417.56M (-2.3%); HomeSmart: $17.27M (+6.8%); Progressive: $306.67M (+21.9%).
    • The core business adjusted EBITDA decreased 6% to $70.9M.
    • Operating margin rate dropped 20 bps to 10.1%.
    • Customer counts on a same-store basis rose 4%.
    • Total store count -5 Q/Q to 2,034.
    • FY2016 Guidance: Total revenues: ~$3.25B to $3.45B; Core same-store sales: ~-3% to +2%; Progressive revenue: ~$1.20B to $1.30B; Adjusted EBITDA: ~$330M to $360M; Progressive EBITDA: $125M to $135M; Diluted EPS: $2.03 to $2.23; Adjusted Diluted EPS: $2.20 to $2.40; Capital expenditure: $70M to $90M.
    | Fri, Apr. 29, 8:36 AM
  • Wed, Apr. 13, 10:16 AM
    • Shares of Aaron's (AAN +4.8%) race higher after Sidoti initiates coverage with a Buy rating.
    • The retailer has also been backed by Stifel Nicolaus and Raymond James to show gains.
    • Earlier this year, SA contributor Adelphi Venture Capital made the case that Aaron's deal with Wal-Mart could be a "massive upside driver" for share price. That call in February has already generated a 27% return for investors that quickly ponied up.
    • Now read The Aaron's Deal With Wal-Mart Makes It A Buy
    | Wed, Apr. 13, 10:16 AM
  • Thu, Feb. 18, 9:13 AM
    • Aaron's (NYSE:AAN) reports core same-store sales decreased 3.4% in Q4.
    • Segment revenues: Sales & Lease Ownership: $525.5M (+6%); HomeSmart: $15.8M (+1.9%); Progressive: $276.1M (+31.6%).
    • The core business generated EBITDA of $42.9M, 7.9% of sales vs. 8.3% a year ago.
    • Operating margin rate fell 60 bps to 4.9%.
    • Customer counts on a same-store basis declined 1.2%.
    • Total store count -69 Y/Y to 2,039.
    • FY2016 Guidance: Total revenues: ~$3.25B to $3.45B; Core same-store sales: ~-3% to +2%; Progressive revenue: ~$1.20B to $1.30B; Adjusted EBITDA: ~$330M to $360M; Progressive EBITDA: $125M to $135M; Diluted EPS: $2.03 to $2.23; Adjusted Diluted EPS: $2.20 to $2.40; Capital expenditure: $70M to $90M.
    | Thu, Feb. 18, 9:13 AM
  • Tue, Jan. 12, 1:52 PM
    • Aaron's (NYSE:AAN) is up 8.2% on heavy volume after Northcoast Research says the company's deal with Wal-Mart could be a major revenue driver.
    • Shares of Aaron's began the day just off their 52-week low.
    | Tue, Jan. 12, 1:52 PM
  • Oct. 30, 2015, 12:45 PM
    | Oct. 30, 2015, 12:45 PM | 1 Comment
  • Oct. 30, 2015, 9:12 AM
    | Oct. 30, 2015, 9:12 AM
  • Feb. 6, 2015, 9:20 AM
    • Aaron's (NYSE:AAN) reports core same-store sales decreased 2.8% in Q4.
    • Traffic fell off 4.6% during the period.
    • Segment revenues: Sales & Lease Ownership: $522.6M (-2%); HomeSmart: $15.5M (+2%); Progressive: $220.8M.
    • Operating margin rate declined 75 bps to 5.37%.
    • Total store count -43 Y/Y to 2,108.
    • FY2015 Guidance: Total revenues: ~$3.05B to $3.25B; Same-store sales: ~-4%; Adjusted EBITDA: $295M to $325M; Capital Expenditure: $55M to $75M; Effective tax rate: ~36% to 38%; Diluted EPS: $1.68 to $1.88; Adjusted Diluted EPS: $1.90 to $2.10.
    • AAN -3.91% premarket.
    | Feb. 6, 2015, 9:20 AM
  • Jul. 11, 2014, 7:52 AM
    • Shares of Rent-A-Center (RCII) are now down 14.1% in premarket trading after warning it will miss estimates with its Q2 report.
    • The soft read on demand from lower-income consumers in the U.S. by the company falls in line with trends being seen at Wal-Mart and Family Dollar.
    • Analysts warn the earnings misfires could spill over to other retailers.
    • On watch: Aaron's (AAN), Conn's (CONN), Big Lots (BIG), Five Below (FIVE), Dollar Tree (DLTR).
    | Jul. 11, 2014, 7:52 AM | 2 Comments
  • May 12, 2014, 5:49 PM
    • Top gainers, as of 5:15 p.m.: RAX +12.4%. HALO +12.4%. DTV +6.2%. TC +5.0%. MBI +4.3%.
    • Top losers, as of 5:15 p.m.: RDEN -16.2%. CALL -5.9%. BCOR -4.4%. OKS -3.6%. AAN -3.4%.
    | May 12, 2014, 5:49 PM
  • Apr. 21, 2014, 9:13 AM
    | Apr. 21, 2014, 9:13 AM
  • Apr. 15, 2014, 9:17 AM
    | Apr. 15, 2014, 9:17 AM
  • Apr. 15, 2014, 9:13 AM
    • Aaron's (AAN) acquires Progressive Finance in an all-cash deal for $700M.
    • The purchase of the merchandise lease-to-own concern will be "double digit" accretive to EPS this year and even more accretive in 2015, according to Aaron's.
    • The company is also out with announcement that its board has determined that the standing offer from Vintage Capital Management at $30.50 per share isn't in its best interest.
    • AAN -5.2% premarket as a drop in Q1 revenue and EPS guidance factors in along with the buyout developments.
    | Apr. 15, 2014, 9:13 AM
  • Feb. 7, 2014, 12:58 PM
    • Vintage Capital has offered to buy Aaron's (AAN +8.9%), according to company officials.
    • It won't be the first time Vintage has made a run at the retailer.
    • The deal price of $30.50 valuates Aaron's at ~$2.3B.
    | Feb. 7, 2014, 12:58 PM
  • Jan. 13, 2014, 10:58 AM
    • Aaron's (AAN -7.2%) lowers Q4 EPS guidance to $0.27-$0.31 vs. $0.38-$0.41 prior and $0.40 consensus after seeing same-store sales turn negative during the period.
    • FY14 EPS is pegged by the company at $1.80-$2.00 vs. $2.17 consensus.
    • As a result of current trends, Aaron's plans to slow down the future growth track of new Aaron's and HomeSmart stores.
    • PR
    | Jan. 13, 2014, 10:58 AM
  • Oct. 4, 2013, 9:27 AM
    • Shares of Aaron's (AAN) tumble after the company lowers its guidance on profits.
    • The company projects Q3 EPS will fall in a range of $0.37 to $0.41 after initially pegging it at $0.48-$0.52.
    • AAN -6.4% premarket.
    | Oct. 4, 2013, 9:27 AM
  • Oct. 4, 2013, 9:12 AM
    | Oct. 4, 2013, 9:12 AM
Company Description
Aaron's, Inc. retails consumer electronics, computers, residential furniture, household appliances, and accessories. It engages in the lease ownership, lease and retail sale of products such as widescreen and liquid crystal display televisions, computers, living room, dining room and bedroom... More
Sector: Services
Industry: Specialty Retail, Other
Country: United States