The Aaron's Company, Inc. Revises Consolidated Earnings Forecast for the Fiscal Year 2023
October 23, 2023 at 09:46 pm
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The Aaron's Company, Inc. revised consolidated earnings forecast for the fiscal year 2023. For the consolidated period, the company's Current Outlook Revenues is $2.12 billion to $2.17 billion against previous outlook of $2.12 billion to $2.22 billion. Net Earnings is $14 million to $17.5 million against previous outlook of $16.8 million to $25.5 million.
Diluted EPS is $0.35 to $0.50 against previous outlook of $0.55 to $0.80.
The Aaronâs Company, Inc. is a technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions for appliances, electronics, furniture, and other home goods across its brands, including Aaronâs, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. The Company offers a direct-to-consumer lease-to-own solution through its approximately 1,240 Company-operated and franchised stores in 47 states and Canada, as well as its own e-commerce platform. BrandsMart U.S.A. is an appliance retailer in the country with about 11 retail stores in Florida and Georgia, as well as its e-commerce platform. BrandsMart Leasing offers lease-to-own solutions to customers of BrandsMart U.S.A. Woodhaven is the Company's furniture manufacturing division. The Companyâs business segment consists of Aaron's branded Company-operated and franchise-operated stores; aarons.com e-commerce platform (aarons.com); Woodhaven; and BrandsMart Leasing (collectively Aaronâs Business).