Transaction Represents 34.0% Premium to Aaron's Closing Share Price on June 14 and 35.6% Premium to the 90-Day Volume Weighted Average Share PriceATLANTA, June 17, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN) ("The Aaron's Company" or the "Company") today announced that it has entered into a definitive agreement to be acquired by IQVentures Holdings, LLC ("IQVentures"), a leading fintech organization, for $10.10 per share in cash, or an enterprise value of approximately $504 million. The price ...

ATLANTA, June 5, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, will participate in the TD Cowen Financial Services & Fintech Summit on Thursday, June 6, 2024, at 3:05 p.m Eastern Time. TD Cowen will host a fireside chat with Chief Financial Officer C. Kelly Wall and Vice President Finance & Investor Relations Marc Levee. A live webcast of the event may be accessed at https://wsw.com/webcast/cowen ...

A month has gone by since the last earnings report for Aaron's Company, Inc. (AAN) . Shares have added about 11.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Aaron's due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Aaron's Posts Wider Q1 Loss, Misses Sales Estim ...

The Aaron’s Company, Inc. (AAN) has been on track to expand its e-commerce business, driven by its omni-channel lease decisioning and customer acquisition program. This program has been resulting in improved lease portfolio size, which was evident in the first quarter of 2024. Despite a year-over-year decline, the company’s lease portfolio size marked a sequential improvement of 220 bps in the first quarter.Additionally, AAN is focused on the implementation of its GenNext strategy and its cost-reduction mea ...

The Aaron's Company, Inc. (AAN) reported a wider-than-expected loss per share in the first quarter of 2024. Also, its revenues missed the Zacks Consensus Estimate and declined year over year.Aaron's delivered an adjusted loss of 15 cents per share, wider than the Zacks Consensus Estimate of a loss of 8 cents. The company’s bottom line compared unfavorably with adjusted earnings of 66 cents per share in the year-ago quarter. The soft bottom-line performance can be attributed to the decline in revenues, and h ...

Aaron's Company, Inc. (AAN) reported $511.5 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 7.7%. EPS of -$0.15 for the same period compares to $0.66 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $517.36 million, representing a surprise of -1.13%. The company delivered an EPS surprise of -87.50%, with the consensus EPS estimate being -$0.08.While investors scrutinize revenue and earnings changes year-over-year and how they compare w ...

Aaron's Company, Inc. (AAN) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -87.50%. A quarter ago, it was expected that this specialty retail would post earnings of $0.03 per share when it actually produced a loss of $0.26, delivering a surprise of -966.67%.Over the last four quarters, t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-Q ________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☒ EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ☐ EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-39681 ________________________________ THE AARON'S COMPANY, INC. (Exact nam ...

ATLANTA, Ga., May 6, 2024 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN) today released its first quarter 2024 financial results. Highlights of those results and the 2024 outlook are included below, in the attached supplement, and at investor.aarons.com.First Quarter 2024 Consolidated Results: Revenues were $511.5 million Adjusted EBITDA1 was $22.7 million Loss per share was $0.46; Non-GAAP loss per share1 was $0.15 Reaffirms full year 2024 outlook for revenue and adjusted EBITDA and raises outloo ...

The Aaron's Company, Inc. (AAN) is scheduled to report first-quarter 2024 results on May 6, after market close. This lease-to-own provider is likely to witness declines in the top and bottom lines when it reports quarterly results.The Zacks Consensus Estimate for the bottom line is pegged at a loss of 8 cents per share, which indicates a sharp decline from earnings of 66 cents per share reported in the year-ago quarter. The consensus mark has remained unchanged in the past 30 days. The consensus mark for re ...