Aaron's (AAN) Tops Q2 EPS by 38c; Raises Revenue Outlook

Aaron's (NYSE: AAN) reported Q2 EPS of $1.05, $0.38 better than the analyst estimate of $0.67. Revenue for the quarter came in at $467.5 million versus the consensus estimate of $445.09 million.

"We are pleased to announce another quarter of strong operating results, a significant return of capital to shareholders, and an increase in our revenue and earnings outlook for the full year 2021," said Douglas Lindsay, Chief Executive Officer of The Aaron's Company.

"Robust demand for our products, continued strength in customer payments, and ongoing execution of our strategic initiatives have led to a larger lease portfolio generating higher revenues, double-digit earnings growth and strong free cash flow. Our continued investments in customer-focused decisioning technology, digital payment and servicing platforms, and both in-store and online shopping experiences are yielding positive results and are collectively driving greater productivity and margin expansion."

GUIDANCE:

Aaron's sees FY2021 revenue of $1.775-1.8 million, versus the consensus of $1.76 million.

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

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