Aaron's Company Inc (N:AAN)

Sector:  Financials Industry:  Consumer Lending
 
See Regulatory Filings on SEC
Company Contact
Address: 400 Galleria Parkway Se, Suite 300
ATLANTA GA 30339-3182
Tel: N/A
Website: https://investor.aarons.com
IR: See website
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Key People
John W. Robinson
Chairman of the Board
Stephen Olsen
President
Douglas A. Lindsay
Chief Executive Officer, Director
C. Kelly Wall
Chief Financial Officer, Executive Vice President
Rachel G. George
Executive Vice President, General Counsel, Corporate Secretary, Chief Compliance Officer and Chief Corporate Affairs Officer
Russell Falkenstein
Executive Vice President, Chief Operating Officer - Lease-to-Own
Douglass L. Noe
Principal Accounting Officer, Vice President, Corporate Controller
   
Business Overview
The Aaron's Company, Inc. is a technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions for appliances, electronics, furniture, and other home goods across its brands, including Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. The Company offers a direct-to-consumer lease-to-own solution through its approximately 1,240 Company-operated and franchised stores in 47 states and Canada, as well as its own e-commerce platform. BrandsMart U.S.A. is an appliance retailer in the country with about 11 retail stores in Florida and Georgia, as well as its e-commerce platform. BrandsMart Leasing offers lease-to-own solutions to customers of BrandsMart U.S.A. Woodhaven is the Company's furniture manufacturing division. The Company's business segment consists of Aaron's branded Company-operated and franchise-operated stores; aarons.com e-commerce platform (aarons.com); Woodhaven; and BrandsMart Leasing (collectively Aaron's Business).
Financial Overview
For the fiscal year ended 31 December 2023, Aaron's Company Inc revenues decreased 5% to $2.14B. Net income totaled $2.8M vs. loss of $5.3M. Revenues reflect Aaron s Business segment decrease of 9% to $1.55B. Net Income reflects Merchandise Margins - Total - % increase of 1% to 52.3%, Restructuring Expenses, Net decrease of 52% to $15.6M (expense). Dividend per share increased from $0.45 to $0.50.
Employees: 9,071 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $368.23M as of Dec 31, 2023
Annual revenue (TTM): $2,140M as of Dec 31, 2023
EBITDA (TTM): $552.06M as of Dec 31, 2023
Net annual income (TTM): $2.82M as of Dec 31, 2023
Free cash flow (TTM): $71.01M as of Dec 31, 2023
Net Debt Last Fiscal Year: $134.93M as of Dec 31, 2023
Shares outstanding: 31,484,506 as of Mar 14, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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