In the latest market close, Aaron's Company, Inc. (AAN) reached $10.89, with a -1.18% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.07%.Prior to today's trading, shares of the specialty retail had lost 2.39% over the past month. This has lagged the Consumer Discretionary sector's gain of 1.29% and the S&P 500's gain of 3.98% in that time.Investors will be eagerly watching for the performance of Aaron's Company, Inc. in its upcoming earnings disclosur ...

Aaron's Company, Inc. (AAN) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this specialty retail have returned +9.8%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Consumer Services - Miscellaneous industry, which Aaron's falls in, has gained 2.7%. The key question now is: What could be the sto ...

The Aaron's Company, Inc. (NYSE:AAN) Q3 2023 Earnings Call Transcript October 24, 2023 8:30 AM ET Company Participants Marc Levee - Vice President, Finance and IR Douglas Lindsay - Chief Executive Officer Steve Olsen - President Kelly Wall - Chief Financial Officer Conference Call Participants Kyle Joseph - Jefferies Bobby Griffin - Raymond James Joe Chalhoub - Truist Jason Haas - Bank of America Operator Welcome to The Aaron's Company Third Quarter 2023 Results Call. Thank you for your patience follow the ...

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 SEPTEMBER 30, 2023 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 ...

Q2 2023 Earnings Results July 31, 2023 Special Note Regarding Forward-Looking Information ...

Financial Data and Key Metrics Changes - Consolidated revenues for Q2 2023 were $530.4 million, down from $610.4 million year-over-year, primarily due to lower lease revenues and retail sales [17] - Consolidated adjusted EBITDA decreased to $42.4 million from $51.2 million year-over-year, reflecting lower revenues at both business segments [17] - Adjusted free cash flow increased to $36 million, an increase of over $30 million, driven by higher cash from operations and improved working capital efficiency [18][22] - Net debt was reduced by over $30 million to $147.7 million, with a net debt to adjusted EBITDA leverage ratio of less than 1 times [19] Business Segment Data and Key Metrics Changes The Aaron's Business - Lease merchandise deliveries were down approximately 10% year-over-year, attributed to fewer lease applications and a reduction in company-operated stores [10] - The lease portfolio size ended the quarter at $119.6 million, which is 8.6% lower than the prior year quarter but larger than expected [10] - Lease renewal rate was 88.2%, down 30 basis points year-over-year, but in line with pre-pandemic averages [10] - E-commerce lease revenues increased by 5.5% year-over-year, now representing 17.9% of total lease revenues [13] BrandsMart - Comparable sales for BrandsMart were down 20.9% year-over-year, primarily due to weaker customer traffic and a shift to lower-priced products [14] - E-commerce product sales represented 8.1% of total product sales, down from 9.0% in the prior year quarter [15] - Product gross margin improved by approximately 50 basis points year-over-year due to direct procurement savings and strategic pricing actions [15] Market Data and Key Metrics Changes - The overall customer demand environment remains challenging, with a noted decrease in transactions and average transaction values in both business segments [26][29] - The consumer electronics category is facing headwinds, particularly in TVs, due to a significant pull forward in demand from previous years [60] Company Strategy and Development Direction - The company is focused on optimizing profitability in both business segments and executing a multiyear strategic plan to enhance competitive advantages [8] - Investments are being made in marketing and other initiatives to drive new lease origination activity in The Aaron's Business segment [21] - The company aims to expand its e-commerce channel and grow its market presence through strategic procurement and pricing actions [7][15] Management's Comments on Operating Environment and Future Outlook - Management noted that demand trends are expected to persist but anticipate sequential improvements as they lap previous lease decisioning cuts [6] - The company has lowered its consolidated revenue outlook for the year but maintained its adjusted EBITDA and non-GAAP EPS outlook [7][20] - Management expressed confidence in the long-term potential of BrandsMart and the ability to manage costs effectively during challenging demand periods [32] Other Important Information - The company celebrated the one-year anniversary of the BrandsMart acquisition and remains focused on achieving synergies and strategic growth opportunities [7] - New videos showcasing Aaron's GenNext and BrandsMart stores have been posted on the investor website [8] Q&A Session Summary Question: Consumer behavior trends during the quarter - Management noted that demand trends have been challenging, with a 10% decline at Aaron's and a 20% decline at BrandsMart, but lease-to-own business is holding up better than retail [26][27] Question: Insights on BrandsMart's performance - Management indicated that the negative 20% in BrandsMart sales is due to transaction declines and lower average transaction values, but they are focused on profitability [29] Question: Expectations for lease portfolio size - Management expects the lease portfolio to be down in the second half of the year but anticipates improvements as they manage customer demand [70] Question: Weekly payment option uptake - The weekly payment option has been growing, providing customers with flexibility, but it currently represents less than 10% of overall business [63][64] Question: BrandsMart's revenue guidance changes - Management acknowledged that while they expected improvement in demand, they are being cautious with guidance due to ongoing demand pressures [73]

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 JUNE 30, 2023 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 name ...

The Aaron's Company, Inc. (NYSE:AAN) Q1 2023 Earnings Conference Call April 25, 2023 8:30 AM ET Company Participants Keith Hancock - Senior Director of Corporate Affairs Douglas Lindsay - Chief Executive Officer Steve Olsen - President Kelly Wall - Chief Financial Officer Conference Call Participants Kyle Joseph - Jefferies Anthony Chukumba - Loop Capital Bobby Griffin - Raymond James Joe Chalhoub - Truist Operator Welcome to The Aaron's Company First Quarter 2023 Earnings Conference Call. At this time, all ...

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, 2023 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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 name of registrant as specified in its charter) Georgia 85-2483376 (State or other jurisdiction ...