Why Is Aaron's (AAN) Stock Down 22% Today?

Aaron’s (NYSE:AAN) stock is falling hard on Tuesday following the release of the retail company’s earnings report for the fourth quarter of 2023.The bad news for AAN stockholders starts with the company’s adjusted earnings per share of -26 cents. That’s nowhere close to the 3 cents per share that Wall Street was expecting for the quarter. It’s also worse than the 9 cents per share reported in the same period of the year prior.Also not helping AAN stock today is the company’s revenue of $529.5 million. That ...