Aaron''s Shares Plunge After Q2 Results, FY22 Guidance Cut
Aaron''s Company Inc (NYSE: AAN ) reported second-quarter revenue growth of 30.6% year-over-year to $610.4 million , beating the consensus of $607.87 million. Adjusted EPS was $0.79, beating the consensus of $0.62. Same-store revenues decreased 6.7% Y|Y, driven by a lower lease renewal rate, the lower exercise of early purchase options, and reduced retail sales. Gross profit margin fell by 1,500 bps to 48%. The company recorded an operating loss of $(9.46 million), compared to a profit of $44.05 million in 2Q21. Aaron''s … Full story available on Benzinga.com
Aaron''s Shares Plunge After Q2 Results, FY22 Guidance Cut
Aaron''s Company Inc (NYSE: AAN ) reported second-quarter revenue growth of 30.6% year-over-year to $610.4 million , beating the consensus of $607.87 million. Adjusted EPS was $0.79, beating the consensus of $0.62. Same-store revenues decreased 6.7% Y|Y, driven by a lower lease renewal rate, the lower exercise of early purchase options, and reduced retail sales. Gross profit margin fell by 1,500 bps to 48%. The company recorded an operating loss of $(9.46 million), compared to a profit of $44.05 million in 2Q21. Aaron''s … Full story available on Benzinga.com