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 archives news coverage for The Aarons Company (AAN), a former specialty retailer in the rent-to-own furniture industry. Aarons was acquired by IQVentures and no longer operates as an independent publicly traded company. Browse this historical news archive to understand the events and developments that shaped the companys trajectory.
Aarons built its reputation serving moderate-income consumers through lease-ownership arrangements for furniture, consumer electronics, and home appliances. The companys business model allowed customers to acquire household goods without traditional credit requirements, a niche that drove news coverage around earnings reports, store expansions, and strategic acquisitions like Progressive Finance.
This archive documents the companys operational history, including quarterly earnings announcements, store opening news, dividend declarations, and the definitive agreement that led to the IQVentures acquisition. For investors researching the rent-to-own retail sector or the evolution of alternative consumer financing, these historical articles provide context on how Aarons navigated competitive pressures and market changes.
Bookmark this page to reference past developments, understand the timeline of the acquisition process, and access coverage of Aarons from its years as a publicly traded company on the New York Stock Exchange.
The Aaron's Company, Inc. (NYSE: AAN) will host a conference call on February 24, 2022, at 8:30 a.m. ET to discuss its Q4 2021 financial results. The results will be released after market close on February 23, 2022. CEO Douglas A. Lindsay and CFO C. Kelly Wall will lead the call. Participants can join by calling 1-844-200-6205 (internationally at 1-929-526-1599) with access code 423617. The call will also be available via the investor relations website and archived for later playback.
The Aaron's Company (NYSE: AAN) recently celebrated the opening of its 100th GenNext store in Largo, Florida. This milestone is part of a nationwide rollout aimed at enhancing the customer experience in the lease-purchase sector. GenNext locations are reported to have a 20% sales increase compared to traditional stores, featuring modern designs and improved technology. In addition to the store opening, Aaron's donated $10,000 to local Boys & Girls Clubs, reinforcing its commitment to community partnerships.
The Aaron's Company (NYSE: AAN) has renewed its partnership with Boys & Girls Clubs of America for 20 months with an $800,000 commitment, totaling $10 million since 2015. This partnership aims to support teen recruitment and retention while implementing a Teen Mental Health First Aid program. The renewal includes five additional teen center makeovers through 2023, highlighting Aaron's ongoing commitment to community support. The company has already completed 48 makeovers, enhancing environments for youth in various cities across the U.S.
The Aaron's Company, Inc. (NYSE: AAN), a leader in lease-to-own solutions, will be presenting at the Southwest IDEAS Investor Conference on November 17, 2021, in Dallas, TX. CEO Douglas A. Lindsay and CFO C. Kelly Wall will address investors starting at 9:30 a.m. CT. The presentation will also be available for live streaming on the conference's official website and the investor relations section of Aaron's website, www.investor.aarons.com.
The Aaron's Company (NYSE: AAN) announced a quarterly cash dividend of $0.10 per share, set to be paid on January 4, 2022. Shareholders of record as of December 16, 2021 will be eligible for this payment. Aaron's operates around 1,300 stores across the U.S. and Canada, providing lease-to-own and purchase solutions for furniture and electronics, both in-store and online.
The Aaron's Company (NYSE: AAN) reported a 2.5% increase in total revenues for Q3 2021, totaling $452.2 million. Net income was $24.3 million, down from $32.6 million year-on-year, with Adjusted EBITDA of $53.6 million, a 16.6% decrease from Q3 2020. The company raised its 2021 revenue outlook to between $1.820 billion and $1.830 billion. E-commerce revenues grew by 13.3%, now accounting for 14.3% of lease revenues. Share repurchases totaled $37.5 million in the quarter, with a quarterly dividend of $0.10 per share declared and paid.
The Aaron's Company, Inc. (NYSE: AAN) has announced a conference call scheduled for October 26, 2021, at 8:30 a.m. ET, to discuss its third-quarter 2021 financial results. The results will be released prior to market opening on the same day. CEO Douglas A. Lindsay and CFO C. Kelly Wall will lead the call, which can be accessed by dialing 1-844-200-6205 or through the company's investor relations website. Aaron's, a technology-enabled provider of lease-to-own solutions, operates approximately 1,300 stores in the U.S. and Canada, alongside its online platform.
The Aaron's Company (NYSE: AAN) partnered with Warrick Dunn Charities to furnish homes for two first-time homeowners in Dacula, GA, and Roseville, MI. As part of the 'Homes for the Holidays' program, Aaron's contributed $10,000 to each home, easing the financial burden on single parents achieving homeownership. Since 1997, this initiative has helped 194 single parents nationwide. The families received a $5,000 down-payment assistance check from Dunn's charity, along with fully furnished homes, highlighting Aaron's commitment to community support.
ProgCentral has been launched by Progressive Leasing, enhancing retailers' self-management capabilities in lease-to-own transactions. This new platform streamlines the lease-purchase process, providing improved user experience and security features. Merchants can transfer approved leases within the same retail chain, allowing transactions to start online and finish in-store. The rollout to e-commerce and brick-and-mortar stores is set to complete by Q1 2022. ProgCentral is designed to improve efficiency and conversion rates while benefiting customers seeking flexible payment options.
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