Welcome to our dedicated page for The Aarons Company news (Ticker: AAN), a resource for investors and traders seeking the latest updates and insights on The Aarons Company stock.
This page provides a historical news archive for The Aaron's Company, Inc., which was formerly listed on the NYSE under the ticker AAN. The company described itself as a technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions for appliances, electronics, furniture, and other home goods, operating through its Aaron's, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven brands.
News items for AAN cover a range of topics from its period as a public company. These include announcements about quarterly financial results, dividend declarations, participation in investor conferences, and updates on store openings, such as new BrandsMart U.S.A. locations in Georgia and Florida. Releases also describe developments in the company’s omnichannel strategy and its use of e-commerce alongside a network of company-operated and franchised stores in 47 states and Canada.
A significant portion of the more recent news flow focuses on corporate transactions. The Aaron's Company announced that it had entered into a definitive agreement to be acquired by IQVentures Holdings, LLC, and later reported the completion of that acquisition. Related news items detail the agreed purchase price, Board approval, shareholder approval, and the resulting plan for the company’s common stock to cease trading and be delisted from the NYSE.
For investors and researchers, the AAN news archive offers context on how The Aaron's Company communicated its strategy, brand development, and major corporate actions leading up to its take-private transaction. Users can review historical press releases to understand the company’s lease-to-own and retail activities, expansion of BrandsMart U.S.A., and the steps that culminated in its acquisition by IQVentures.
The Aaron's Company, Inc. reported its first quarter 2024 financial results, with revenues of $511.5 million and adjusted EBITDA of $22.7 million. The company reaffirmed its full year 2024 revenue and adjusted EBITDA outlook, while raising its non-GAAP EPS outlook. Key business highlights include growth in Aaron's Business and e-commerce recurring revenue, as well as improvements in the lease portfolio size. The company also announced a quarterly cash dividend of $0.125 per share.
The Aaron's Company, a technology-enabled provider of lease-to-own and retail purchase solutions, declared a regular quarterly cash dividend of $0.125 per share. The dividend will be payable on July 3, 2024, to shareholders of record as of June 14, 2024.
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