|Price Range 12mo avg:||$567K – $1.8M|
|$/sf 12mo avg:||$130|
|CAP Rate 12mo avg:||7.44%|
|Lease Terms:||10yrs NNN|
|Building Size avg:||10,260 SF|
|Lot Size avg:||1+/- acres|
Aaron’s, Inc. (NYSE: AAN) is a specialty retailer serving consumers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and accessories in over 2,100 Company-operated and franchised stores in the United States and Canada. The Company was founded in 1955, is headquartered in Atlanta and has been publicly traded since 1982. Aaron’s is the industry leader in serving the moderate-income consumer and offering affordable payment plans, quality merchandise and superior service.
This has been a milestone year at Aaron’s. In April, Aaron’s completed the transformative acquisition of Progressive Finance resulting in the strategic positioning of the Company as the leader in both the traditional rent-to-own (RTO) industry as well as the emerging virtual rent-to-own (RTO) space. The acquisition supports the Company’s strategy to address credit-challenged customers’ changing needs for acquiring home furniture, electronics and appliances as the consumer population leans more toward a multi-channel acquisition of goods and services.
Aaron’s plan to reshape the core business focuses on same store revenue growth, enhancing Aaron’s online platform, driving cost efficiencies, moderating new store growth, and strengthening the franchise network. The Company has been aggressively developing its online strategy while working towards the rollout of an e-commerce platform in early 2015. This demonstrates Aaron’s strategic initiative to reach its customers in an ever evolving marketplace.
|S&P Credit Rating:||N/A|
|Moody’s Credit Rating:||N/A|
|Annual Revenue 2014:||$2.73B|
|Annual Revenue 2013:||$2.23B|
|Revenue Growth:||↑ 1.8% from 2013|
|Units (Dec. 2014)||2,108|
|Average Units Volume:||$1.292M|
Yahoo! Finance: AAN News Latest Financial News for AAN
Aaron's Announces Agreement with FTC Regarding Future Contingent Purchase and Sale Agreements
on February 21, 2020 at 7:17 pm
Aaron's, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, today announced that the Federal Trade Commission (the "FTC") has approved for public comment a proposed consent agreement regarding future contingent purchases and sales of customer lease agreements with other rent-to-own companies. As previously disclosed, the Company reached agreement with FTC staff on the terms of the proposed settlement in August 2019. […]
Aaron's (AAN) Out of Investor Favor Despite Q4 Earnings Beat
on February 21, 2020 at 2:44 pm
Aaron's (AAN) top and bottom lines rise y/y in fourth-quarter 2019. However, management provides a lower outlook for 2020. […]
Aaron's, Inc. Reports Fourth Quarter Revenue and Earnings
on February 20, 2020 at 12:00 pm
Aaron's, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, today announced financial results for the three months ended December 31, 2019. […]
Turtle Creek Assets Sues Aaron's, Alleging Company Knew Customer Data Was Bad
on February 19, 2020 at 9:27 pm
Turtle Creek Assets has sued Aaron's, Inc. (NYSE: AAN), a leading omnichannel provider of lease-purchase solutions, alleging Aaron's sold it bad borrower default data that has had a negative impact on the company and a collateral effect on thousands of consumers. […]
Aaron's (AAN) to Report Q4 Earnings: What's in the Offing?
on February 18, 2020 at 2:51 pm
Solid progressive segment and robust active door count are likely to have driven Aaron's (AAN) Q4 performance. However, weak same-store sales view is concerning. […]