by Mike Duff | Mar 1, 2024 | Retail Articles
The Aaron’s Co. posted a net loss for the fourth quarter that fell far short of Wall Street estimates as revenue came up slightly short, as well. Net loss was $12.4 million, or 41 cents per diluted share, verses a net loss of $5.9 million, or 19 cents per diluted...
by Mike Duff | Sep 22, 2023 | Retail Articles
The Aaron’s Co. has appointed Russell Falkenstein, executive vp, COO, lease-to-own and named two new board of director members. He will oversee all lease-to-own operations at Aaron’s and BrandsMart Leasing. Falkenstein was senior vp, chief strategy,...
by Mike Duff | Oct 25, 2022 | Retail Articles
Aaron’s managed to beat Wall Street estimates for earnings and revenues in the third quarter despite a GAAP loss. Aaron’s posted a net loss of $15.6 million, or 51 cents per diluted share, versus net earnings of $24.3 million, or 73 cents per share, in the...
by Mike Duff | Jul 26, 2022 | Retail Articles
The Aaron’s Co., an omnichannel provider of lease-to-own and retail purchase operations posted second-quarter financials that are the first that incorporate results from BrandsMart U.S.A., acquired April 1. Aaron’s net loss was $5.3 million, or 17 cents per...
by Mike Duff | Feb 24, 2022 | Retail Articles
Even as it released its fourth-quarter financials, Aaron’s Co. announced that it has entered into a definitive agreement to acquire BrandsMart U.S.A. for $230 million in cash. The transaction, the purchaser stated, would deliver Aaron’s more than $3...
