Tag Archives: Ronald Allen

Aaron’s Q1 Net Drops

Aaron's

ATLANTA-Lagging revenues and a spike in expenses cut 24.8 percent from Aaron’s first-quarter net income, which totaled $38.3 million. Net revenues in the quarter, which ended on March 31, slipped by 1.3 percent to $585.4 million. Sales at the company-operated retail stores edged up 0.6 percent in total, but same-store revenues and customer counts forMore »

Aaron’s Q4, Fiscal-Year Net Plummet

Aaron's

ATLANTA-Ending a difficult year, Aaron’s posted a 38.1 percent drop in fourth-quarter net income to $22.7 million, bringing its full fiscal-year net income to $120.7 million, down 30.3 percent from the prior year. Total revenues for the specialty retailer were down 2 percent to $553.9 million in the quarter, which ended on Dec. 31. ForMore »

Aaron’s Lowers Projections for Q4 Earnings, Revenues

Aaron's

ATLANTA-Based on revenue and customer growth that have not met expectations, Aaron’s said its fourth-quarter earnings will be less than planned. Earnings per share are now expected to range between 27 cents and 31 cents, down from the previous projected range of 38-42 cents a share. Revenues are now expected at $555 million, down fromMore »

Aaron’s Reduces Q3 Sales Guidance

Aaron's

ATLANTA-Based on a weaker-than-expected performance, Aaron’s said it is reducing its guidance for third-quarter sales from its previous projection of $550 million to $540 million. Ronald Allen, Aaron’s president and CEO, said the third-quarter numbers for revenue and customer growth did not meet the retailer’s projections. “Our customers continue to struggle in the current economicMore »

Aaron’s Net Falls 28.7 Percent in Q2

Aaron's

ATLANTA-Net income for home furnishings retailer and leaser Aaron’s totaled $25.9 million in its fiscal second quarter, down 28.7 percent from the second quarter of a year ago. Declines in sales along with an uptick in expenses were the primary culprits. Net sales from both retail and non-retail operations in the quarter, which ended onMore »