Aaron's (AAN) Tops Q2 EPS by 11c; Boosts FY15 EPS Outlook
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Aaron's (NYSE: AAN) reported Q2 EPS of $0.56, $0.11 better than the analyst estimate of $0.45. Revenue for the quarter came in at $769 million versus the consensus estimate of $763.86 million.
Same store revenues (revenues earned in Company-operated stores open for the entirety of both quarters) decreased 4.4% during the second quarter of 2015 compared with the second quarter of 2014, and customer counts on a same store basis were down 3.7%. Company-operated Aaron's stores had 1,053,000 customers and franchised stores had 579,000 customers at the end of the quarter, a 3.1% decline in total customers from the end of the second quarter a year ago (customers of franchisees are not customers of Aaron's, Inc.).
Aaron's sees FY2015 EPS of $2.15 - $2.35, versus prior guidance of $2.01 - $2.21 and the consensus of $2.15.
For earnings history and earnings-related data on Aaron's (AAN) click here.
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