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Aaron's (AAN) Tops Q4 EPS by 4c; Guides FY15 EPS Below Consensus

February 6, 2015 7:01 AM EST

Aaron's (NYSE: AAN) reported Q4 EPS of $0.39, $0.04 better than the analyst estimate of $0.35. Revenue for the quarter came in at $759.7 million versus the consensus estimate of $737.98 million.

Same store revenues in the core business (revenues earned in Company-operated stores open for the entirety of both quarters) decreased 2.8% during the fourth quarter of 2014 compared to the fourth quarter of 2013, and customer count on a same store basis was down 4.6%. For Company-operated stores open over two years at the end of December 31, 2014, same store revenues decreased 3.2% during the fourth quarter of 2014 compared to the fourth quarter of 2013. Company-operated Aaron's stores had 1,080,000 customers and its franchisees had 581,000 customers at the end of the most recent quarter, a 5% decline in total customers over the number at the end of the fourth quarter a year ago (customers of franchisees, however, are not customers of Aaron's, Inc.).

Aaron's sees FY2015 EPS of $1.90-$2.10, versus the consensus of $2.15. Aaron's sees FY2015 revenue of $3.05-3.25 billion, versus the consensus of $3.15 billion.

For earnings history and earnings-related data on Aaron's (AAN) click here.



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