Aaron

The Aaron's Company, Inc. Reports First Quarter 2022 Financial Results

Retrieved on: 
Monday, April 25, 2022
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Financial and operating results for the first quarter of 2022 and prior periods do not include BrandsMart U.S.A. ("BrandsMart").

Key Points: 
  • Financial and operating results for the first quarter of 2022 and prior periods do not include BrandsMart U.S.A. ("BrandsMart").
  • As the acquisition of BrandsMart occurred on April 1, 2022, results for BrandsMart will be included in the Company's consolidated financial statements commencing in the second quarter of 2022.
  • Net earnings for the first quarter of 2022 were $21.5 million compared to $36.3 million in the first quarter of 2021.
  • Diluted earnings per share were $0.68 in the first quarter of 2022 compared with $1.04 in the first quarter of 2021.

THE AARON'S COMPANY, INC. ANNOUNCES FIRST QUARTER 2022 EARNINGS CALL AND WEBCAST

Retrieved on: 
Thursday, April 7, 2022
Multimedia, NYSE, Company, Solution, Electronics, AAN, Aaron, Webcast, Aaron's, Inc., Video game, Mail order

Chief Executive Officer,Douglas A. Lindsay, and Chief Financial Officer,C.

Key Points: 
  • Chief Executive Officer,Douglas A. Lindsay, and Chief Financial Officer,C.
  • Kelly Wall, will host the call.
  • The call will also be accessible by visiting the Company's investor relations website at investor.aarons.com.
  • The webcast will be archived for playback at that same site.

THE AARON'S COMPANY COMPLETES ACQUISITION OF BRANDSMART U.S.A.

Retrieved on: 
Friday, April 1, 2022
EBITDA, Company, Growth, Aaron's, Inc., Multimedia, NYSE, Aaron, Risk, Failure, U.S. Securities and Exchange Commission, COVID-19, Computer, Aarons, Solution, Electronics, News, Terminology, Annual report, Natural borrowing limit, Acquisition, Security (finance), Mail order

ATLANTA, April 1, 2022 PRNewswire/ -- The Aaron's Company, Inc. ("Aaron's") (NYSE: AAN), a leading technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced the completion of its previously announced acquisition of BrandsMart U.S.A. ("BrandsMart") for $230 million in cash plus customary closing adjustments.

Key Points: 
  • ATLANTA, April 1, 2022 PRNewswire/ -- The Aaron's Company, Inc. ("Aaron's") (NYSE: AAN), a leading technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions, today announced the completion of its previously announced acquisition of BrandsMart U.S.A. ("BrandsMart") for $230 million in cash plus customary closing adjustments.
  • "This is an exciting day as we welcome the BrandsMart team to the Aaron's family.
  • Headquartered inAtlanta, The Aaron's Company, Inc. (NYSE: AAN) is a leading omnichannel provider of lease-to-own and retail purchase solutions.
  • BrandsMart U.S.A. offers hundreds of name brands across thousands of different items, including large and small appliances, consumer electronics, computers, furniture, and home goods.

Aaron's Directors Increase Share Repurchase Authorization to $250 Million

Retrieved on: 
Wednesday, March 2, 2022
Multimedia, Company, Electronics, Time, Share repurchase, Board of directors, Solution, NYSE, Board, Aaron, Mail order

ATLANTA, March 2, 2022 /PRNewswire/ --The Aaron's Company, Inc. ("Aaron's") (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and purchase solutions, today announced that its Board of Directors has increased its share repurchase authorization to $250 million from the original $150 million plan and extended the maturity by one year to December 31, 2024.

Key Points: 
  • ATLANTA, March 2, 2022 /PRNewswire/ --The Aaron's Company, Inc. ("Aaron's") (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and purchase solutions, today announced that its Board of Directors has increased its share repurchase authorization to $250 million from the original $150 million plan and extended the maturity by one year to December 31, 2024.
  • As of today, March 2, 2022, approximately $147 million remains available under this new authorization limit.
  • There is no guarantee as to the number of shares that will be repurchased, and the stock repurchase program may be extended, suspended, or discontinued at any time without notice at Aaron's discretion.
  • Headquartered inAtlanta,The Aaron's Company, Inc.(NYSE: AAN), is a leading, technology-enabled, omnichannel provider of lease-to-own and purchase solutions.

THE AARON'S COMPANY TO ACQUIRE BRANDSMART U.S.A., A LEADING REGIONAL APPLIANCE AND ELECTRONICS RETAILER

Retrieved on: 
Thursday, February 24, 2022
Risk, Aaron, JPMorgan Chase, SOFR, Webcast, Truist Financial, Growth, BofA Securities, Computer, Security (finance), Hand, Family, Annual report, COVID-19, Adjustment, Cooley LLP, Aaron's, Inc., Company, TD Bank, N.A., Electronics, NYSE, EPS, LLC, Bank of America, U.S. Securities and Exchange Commission, Cost, LLP, Acquisition, Bank, Terminology, Multimedia, News, View, Asset-backed security, Technology, Earnings growth, Solution, CEO, Chase Bank, EBITDA, Citizens Bank, Time, Policy, Mail order, Online shopping

For the twelve months ended December 25, 2021, BrandsMart generated revenues of $757 million and Adjusted EBITDA of $46 million.

Key Points: 
  • For the twelve months ended December 25, 2021, BrandsMart generated revenues of $757 million and Adjusted EBITDA of $46 million.
  • Importantly, we believe the acquisition of BrandsMart will expand our addressable market and create an additional platform for accelerated growth," said Aaron's CEO, Douglas Lindsay.
  • An investor presentation related to Aaron's agreement to acquire BrandsMart can be found on Aaron's investor site at investor.aarons.com.
  • Headquartered inAtlanta, The Aaron's Company, Inc. (NYSE: AAN ) is a leading omnichannel provider of lease-to-own and purchase solutions.

Aaron's Directors Raise Cash Dividend 12.5%

Retrieved on: 
Monday, February 21, 2022
Aaron, Board of directors, Multimedia, Solution, Company, Board, NYSE, Electronics, Holding company

ATLANTA, Feb. 21, 2022 /PRNewswire/ --The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and purchase solutions, today announced that its Board of Directors has raised its quarterly cash dividend to $0.1125 per share and declared such dividend payableApril 5, 2022,to shareholders of record as of the close of business onMarch 17, 2022.

Key Points: 
  • ATLANTA, Feb. 21, 2022 /PRNewswire/ --The Aaron's Company, Inc. (NYSE: AAN), a leading, technology-enabled, omnichannel provider of lease-to-own and purchase solutions, today announced that its Board of Directors has raised its quarterly cash dividend to $0.1125 per share and declared such dividend payableApril 5, 2022,to shareholders of record as of the close of business onMarch 17, 2022.
  • This is an increase of 12.5% from the previous quarterly cash dividend of $0.10 per share.
  • Headquartered inAtlanta,The Aaron's Company, Inc.(NYSE: AAN), is a leading, technology-enabled, omnichannel provider of lease-to-own and purchase solutions.
  • For more information, visit investor.aarons.com or Aarons.com.

AARON'S AND FORMER NFL STAR WARRICK DUNN CELEBRATE 200TH "HOME FOR THE HOLIDAYS" SURPRISE

Retrieved on: 
Tuesday, February 8, 2022
Home for the Holidays (1995 film), The Salvation Army, Poverty, Multimedia, NFL, Humanity, Food, Parent, Company, City, Quality of life, Program, Holiday, NYSE, Founder, CEO, Aaron, MI, Habitat for Humanity, Single parent, Hunger, Toy

"We take so much pride in this longstanding relationship with Warrick and salute him and his team on this incredible accomplishment."

Key Points: 
  • "We take so much pride in this longstanding relationship with Warrick and salute him and his team on this incredible accomplishment."
  • The 200th surprise was delivered to lifelong Los Angeles resident Fellicia and her 13-year-old son.
  • For more information on Warrick Dunn Charities, please visit WDC.org, and for additional info on Aaron's charitable endeavors, please visit Aarons.com/AaronsGives.
  • Today, Warrick Dunn Charities, Inc. has expanded their flagship Homes for the Holidays initiative with three additional programs:Count on Your Future,SCULPT, andHearts for Community Service Scholarships.

Aaron's Announces Fourth Quarter 2021 Earnings Call and Webcast

Retrieved on: 
Tuesday, February 1, 2022
Webcast, Aaron, NYSE, Multimedia, Company, Solution, Video game

Chief Executive Officer, Douglas A. Lindsay, and Chief Financial Officer, C. Kelly Wall, will host the call.

Key Points: 
  • Chief Executive Officer, Douglas A. Lindsay, and Chief Financial Officer, C. Kelly Wall, will host the call.
  • The public is invited to listen to the call by dialing 1-844-200-6205 a few minutes before the scheduled start timeand requesting to join the Aaron's call and using access code 423617.
  • The webcast will be archived for playback at that same site.
  • Headquartered in Atlanta, The Aaron's Company, Inc. (NYSE: AAN), is a leading, technology-enabled, omnichannel provider of lease-to-own and purchase solutions.

AARON'S & FORMER NFL STARS SPREAD HOLIDAY CHEER WITH FIVE "HOMES FOR THE HOLIDAYS" CELEBRATIONS

Retrieved on: 
Monday, January 31, 2022
Holiday, Poverty, CEO, Food, Parent, Habitat for Humanity, First Things First Foundation, First Things, Warner, NFL, Single parent, Aaron, Kurt Warner, WDC, Home for the Holidays (1995 film), Humanity, Company, Family, Quality of life, NYSE, Hunger, Multimedia, Magic, Toy, Phoenix

The donations, representing a $50,000 commitment by Aaron's, came in collaboration with Warrick Dunn Charities, Inc. (WDC) and Warner's First Things First Foundation.

Key Points: 
  • The donations, representing a $50,000 commitment by Aaron's, came in collaboration with Warrick Dunn Charities, Inc. (WDC) and Warner's First Things First Foundation.
  • In Dallas, first responder Tracey was greeted with a decked-out home for herself and her two boys.
  • In Georgia, Greensboro single moms Santeria and Deavon received their surprises just in time to make it a December to remember.
  • In Stockbridge, accountant Shaneeka now has a home for her and her family to call their own, right before Christmas.

Channel Control Merchants Strengthens Market Position with Executive Leadership Appointments and Investment from KKR

Retrieved on: 
Tuesday, January 25, 2022
Advance Auto Parts, CCM, Aaron, NYSE, Dirty Deeds Done Dirt Cheap, Industry, Marines, SKU, Ross Stores, Insurance, Treasure hunt, KKR, Human resources, Retirement, Life, Investment, Twitter, Board, Growth, Icahn Enterprises, CEO, Company, Solution, Technology, Goal, HR, Sale, LLC, Lists of Paramount Pictures films, Leadership, Management, Retail, Belk

CCM also announced the receipt of a follow on investment from KKR and other existing shareholders.

Key Points: 
  • CCM also announced the receipt of a follow on investment from KKR and other existing shareholders.
  • This includes:
    Channel Control Merchants, LLC is an extreme value retailer and exporter of brand sensitive secondary market inventories through physical retail and wholesale channels.
  • KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds.
  • For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.