|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
5 Top Stocks to Buy on Booming Retail Sales
on June 17, 2019 at 11:14 am
US retail sales rose in May as Americans shoppers ramped up spending on wage gains and a record-low unemployment rate. […]
Aaron's, Progressive Leasing And Warrick Dunn Charities, Inc. Thrill New Tallahassee Single Parent Homeowner With Fully Furnished Home
on June 11, 2019 at 4:29 pm
ATLANTA, June 11, 2019 /PRNewswire/ -- Aaron's, Inc. (AAN), a leading omnichannel provider of lease-purchase solutions, and its divisions Aaron's and Progressive Leasing, provided furnishings for a surprise home presentation in Tallahassee as part of the company's partnership with the Homes for the Holidays (HFTH) program founded by retired NFL star Warrick Dunn. This was the 170th home presentation by Warrick Dunn Charities' (WDC) HTFH program. HFTH celebrates single parents who are actively working to help themselves through first time homeownership by alleviating the additional financial burdens that can come along with first-time homeownership. The home, which is also one of Habitat's WOMEN BUILD homes, sponsored and built by women, was made possible thanks to a partnership between Big Bend Habitat for Humanity and Warrick Dunn Charities, Inc. Additional WDC sponsorship support by Ryan Jumonville of United Networks of America, Inc., Tri-Eagle Sales, and Hearth & Soul helped to turn this house into a home. […]
Newly ‘Uncovered’ Wayfair Pact May Be Boon for Rent-to-Own Firm
on June 10, 2019 at 3:42 pm
Thomas said the option to use Progressive Leasing is presented alongside two other subprime creditors and a lease-to-own competitor, Zibby. The choices are separate from the Wayfair credit card offering, “which seems to be the primary credit offering,” he wrote. […]
Aaron's Analyst Says Partnership With Wayfair Could Add 4-27% To EPS
on June 10, 2019 at 2:47 pm
Recent check reveal that Progressive Leasing was added as a financing alternative on Wayfair’s site in April, Thomas said in a Sunday note. Thomas projects the partnership will be accretive at the lower end of this range initially and could grow to the high end or even exceed the estimate in the next three to four years, if Wayfair ramps like other furniture retailers. […]
See what the IHS Markit Score report has to say about Aaron's Inc.
on June 10, 2019 at 12:05 pm
Aaron's Inc NYSE:AANView full report here! Summary * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is low for AAN with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $599 million over the last one-month into ETFs that hold AAN are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Consumer Servicesis falling. The rate of decline is significant relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report. […]