The Aaron's Company, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 23, 2023 at 04:47 pm EDT
Share
The Aaron's Company, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 520.06 million compared to USD 587.4 million a year ago. Revenue was USD 525.68 million compared to USD 593.38 million a year ago. Net loss was USD 4.14 million compared to USD 15.62 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.51 a year ago. Diluted loss per share from continuing operations was USD 0.13 compared to USD 0.51 a year ago.
For the nine months, sales was USD 1,592.93 million compared to USD 1,641.56 million a year ago. Revenue was USD 1,610.41 million compared to USD 1,659.85 million a year ago. Net income was USD 15.18 million compared to USD 0.574 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.49 compared to USD 0.02 a year ago.
The Aaronâs 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 Aaronâs, 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 Companyâs 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 Aaronâs Business).