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Earnings Whisper ®
2nd Quarter June 2023
Revenue: $548.68 Mil
4:30 PM ET
Monday, April 24, 2023
The Aaron's Company, Inc. Reports First Quarter 2023 Financial Results, Updates Full Year Outlook
What do you expect when AAN reports earnings?
Where is AAN's stock price going from here?
Aaron's Co., Inc. is a major omnichannel provider of lease-to-own (LTO) and purchase solutions, mainly to underserved and credit-challenged customers. It deals in sales and lease ownership, apart from specialty retailing of furniture, home appliances, electronics, computers, and various other products and accessories. Its business also includes the Woodhaven Furniture Industries (Woodhaven). Woodhaven is the manufacturer and supplier of most of the bedding and a large portion of the upholstered furniture leased and sold at Aaron's. It also operates through its e-commerce site, Aarons.com. Aaron's has only 1 reporting segment. It generates revenues through lease revenues and fees (via LTO model, lease provided as per terms agreed by the customers), retail and non-retail sales, and franchise royalties and fees (in the form of royalties & advertisements).