Compared to Estimates, Aaron's (AAN) Q1 Earnings: A Look at Key Metrics

Core Insights - Aaron's Company, Inc. reported a revenue of $511.5 million for the quarter ended March 2024, reflecting a year-over-year decline of 7.7% and an EPS of -$0.15 compared to $0.66 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $517.36 million, resulting in a surprise of -1.13%, while the EPS surprise was -87.50% against a consensus estimate of -$0.08 [1] Revenue Breakdown - Lease revenues and fees & retail sales amounted to $346.01 million, exceeding the average estimate of $342.39 million by five analysts, but showing a year-over-year decline of 7.4% [2] - Non-retail sales generated $23.94 million, slightly above the estimated $23.37 million, with no change year-over-year [2] - Retail sales were reported at $136.93 million, below the average estimate of $144.63 million, indicating a year-over-year decrease of 9.1% [2] - Franchise royalties and other revenues reached $5.92 million, surpassing the average estimate of $5.78 million, with a year-over-year decline of 2.8% [2] - Other revenues from Aaron's Business were $0.19 million, slightly above the average estimate of $0.16 million, showing no change year-over-year [2] - Franchise royalties and fees totaled $5.90 million, exceeding the estimated $5.51 million, with no change compared to the previous year [2] Stock Performance - Over the past month, shares of Aaron's have returned -3.5%, compared to a -1.6% change in the Zacks S&P 500 composite, indicating potential underperformance in the near term with a Zacks Rank 4 (Sell) [3]