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The Aaron's Company, Inc. (NYSE: AAN) is a premier specialty retailer and omnichannel provider of lease-to-own and retail purchase solutions. Headquartered in Atlanta, Aaron's operates approximately 1,220 company-operated and franchised stores across 47 states in the U.S. and Canada, along with a robust e-commerce platform. Founded in 1955 and publicly traded since 1982, Aaron's serves moderate-income consumers by offering affordable payment plans and quality merchandise, including furniture, electronics, appliances, and accessories.
Aaron's operates through two main business segments: Aaron's Business and BrandsMart. Aaron's Business provides a direct-to-consumer lease-to-own solution through its extensive network of stores and online channels. The recent GenNext store initiative is transforming the in-store customer experience with larger showrooms, updated layouts, and enhanced technology-enabled shopping and checkout processes. As of 2024, Aaron's has opened 249 GenNext stores.
In April 2022, Aaron's acquired BrandsMart U.S.A., one of the leading appliance and electronics retailers with 11 stores in Florida and Georgia. This acquisition enhances Aaron's market presence and offers customers a wide assortment of products at competitive prices. Additionally, BrandsMart Leasing provides lease-to-own options to BrandsMart U.S.A. customers, further expanding Aaron's reach.
Aaron's financial performance demonstrates its resilience and strategic growth. In 2023, Aaron's reported a revenue of $2.14 billion, despite facing market challenges. The Company continues to optimize its cost structure and improve its lease decision-making processes. Aaron's is committed to returning capital to shareholders, evidenced by its regular quarterly cash dividends.
With a dedicated leadership team, Aaron's is poised for continued growth and innovation. The Company also emphasizes community involvement, supporting initiatives like the Boys and Girls Clubs of Greater Augusta.
For more information about Aaron's, visit investor.aarons.com, aarons.com, and brandsmartusa.com.
The Aaron's Company (NYSE: AAN) donated $6,000 to assist a college-bound teen in Indiana through the Boys & Girls Clubs of America (BGCA). This contribution includes $3,000 for a personal refresh, providing essential items like a bedroom set, computer, and gaming chair, alongside a $3,000 transportation grant. Aaron's has invested over $10 million in the Keystone Club program since 2015, supporting youth development. The company has also actively sponsored the National Keystone Conference, demonstrating its commitment to empowering teens and enhancing community engagement.
The Aaron's Company, Inc. (NYSE: AAN) has declared a quarterly cash dividend of $0.10 per share. This dividend is scheduled for payment on October 5, 2021, to shareholders on record as of September 16, 2021. Aaron's operates approximately 1,300 stores across the U.S. and Canada, offering lease-to-own and purchase solutions for furniture, electronics, and appliances.
The Aaron's Company reported strong Q2 2021 results with total revenues of $467.5 million, an 8.5% increase year-over-year, driven by a robust lease portfolio and e-commerce growth of 15.8%. Net income surged 47.4% to $33.0 million, while diluted EPS rose 43.9% to $0.95. The company returned $42.0 million to shareholders through buybacks and dividends. It also revised its 2021 revenue guidance higher to between $1.775 billion and $1.800 billion. CEO Douglas Lindsay highlighted ongoing demand and strategic initiatives as key drivers of performance.
The Aaron's Company (NYSE: AAN) has partnered with former NFL players Warrick Dunn and Kurt Warner to furnish homes for five first-time homeowners through the "Homes for the Holidays" initiative. Each home received around $10,000 worth of furniture and accessories, alleviating financial burdens on single parents striving for homeownership. Events took place in Phoenix, St. Louis, Pinellas Park, and Sarasota, contributing to a total of 192 families supported by Dunn's charity. CEO Douglas Lindsay emphasized the importance of stability and independence that homeownership provides.
The Aaron's Company, Inc. (NYSE: AAN) will host a conference call on July 27, 2021, at 8:30 a.m. ET to discuss its second quarter 2021 financial results. The results will be released before the market opens on that day. CEO Douglas A. Lindsay and CFO C. Kelly Wall will lead the call. Interested parties can listen by dialing 1-833-979-2858 or via the company's investor relations website.
Aaron's operates approximately 1,300 stores across the U.S. and Canada, offering lease-to-own and purchase solutions for furniture, appliances, and consumer electronics.
The Aaron's Company (NYSE: AAN) has announced a $25,000 donation to support youth development through First Tee – Metro Atlanta. This contribution comprises $15,000 for program support and $10,000 for college-ready laptops for graduating seniors. The donation was awarded during the Youth Participant Celebration on June 5, 2021. CEO Douglas Lindsay emphasized the company's pride in partnering with organizations that benefit the community, while First Tee's Executive Director Marvin Hightower expressed gratitude for Aaron's support, highlighting its positive impact on graduates' futures.
The Aaron's Company, Inc. (NYSE: AAN) has declared a $0.10 per share quarterly cash dividend, scheduled for payment on July 6, 2021, to shareholders on record by June 17, 2021. As a leader in technology-enabled omnichannel lease-to-own solutions, Aaron's operates around 1,300 stores across 47 states and Canada, alongside its e-commerce platform, Aarons.com. This announcement reflects the company's ongoing commitment to returning value to its shareholders.
The Aaron's Company (NYSE: AAN) reported Q1 2021 revenues of $481.1 million, a growth of 11.1% year-over-year, alongside a significant turnaround in net income to $36.3 million from a loss of $323.8 million. Diluted EPS surged to $1.04, up from a loss of $9.57. Adjusted EBITDA reached $73.9 million, a 112.9% increase. E-commerce revenues soared 42% compared to last year, and same-store revenues grew by 14.8%. The company raised its full-year revenue outlook to between $1.725 billion and $1.775 billion.
The Aaron's Company (NYSE: AAN) has appointed three new independent board members: Laura N. Bailey, Timothy A. Johnson, and Marvonia P. Moore, effective May 3, 2021. Bailey brings extensive experience from Capital One, focusing on community impact. Johnson previously served as CFO at Big Lots, enhancing financial oversight. Moore, with a background at AT&T, adds expertise in B2B sales and marketing. These additions aim to strengthen the board's capabilities as Aaron's continues its mission of providing accessible lease-to-own solutions.
The Aaron's Company (NYSE: AAN) partnered with former NFL star Warrick Dunn to support a single mother in Austell, GA, providing home furnishings and down-payment assistance as part of Dunn's 'Home for the Holidays' initiative. This marks the 189th home celebration by Dunn's charity, aimed at helping single parents achieve homeownership. Aaron's continues its 17-year collaboration with Dunn, emphasizing community support and improving living conditions for families. The company operates approximately 1,300 stores across North America, engaging in direct-to-consumer sales and lease ownership of various products.
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