Aaron's (AAN) Tops Q2 EPS by 15c, Cuts FY Guidance

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Go back to Aaron's (AAN) Tops Q2 EPS by 15c, Cuts FY Guidance

The Aaron's Company, Inc. Reports Second Quarter 2022 Financial Results, Updates Full Year Outlook

July 25, 2022 4:30 PM EDT

Consolidated revenues were $610.4 million, up 30.6%, benefiting from BrandsMart acquisitionStrong performance from Aaron's e-commerce channel and GenNext storesLosses per share were $0.17; Non-GAAP earnings per share were $0.79, adjusted primarily for acquisition-related itemsNet losses were $5.3 million; Non-GAAP net earnings were $24.8 millionConsolidated adjusted EBITDA was $48.1 million, down 26.4%, as high inflation pressured lower-income consumersUpdates full year adjusted EBITDA outlook to $150 million to $170 million

ATLANTA, July 25, 2022 /PRNewswire/ -- The Aaron's Company, Inc. (NYSE: AAN), a... More