Aaron’s, Inc. is a specialty retailer serving consumers through the sale and lease ownership of furniture, consumer electronics, computers, home appliances, and accessories in over 2,100 Company-operated and franchised stores in the United States and Canada. The Company was founded in 1955, is headquartered in Atlanta and has been publicly traded since 1982. Aaron’s is the industry leader in serving the moderate-income consumer and offering affordable payment plans, quality merchandise and superior service. This has been a milestone year at Aaron’s. In April, Aaron’s completed the transformative acquisition of Progressive Finance resulting in the strategic positioning of the Company as the leader in both the traditional rent-to-own (RTO) industry as well as the emerging virtual rent-to-own (RTO) space. The acquisition supports the Company’s strategy to address credit-challenged customers’ changing needs for acquiring home furniture, electronics and appliances as the consumer population leans more toward a multi-channel acquisition of goods and services. Aaron’s plan to reshape the core business focuses on same store revenue growth, enhancing Aaron's online platform, driving cost efficiencies, moderating new store growth, and strengthening the franchise network. The Company has been aggressively developing its online strategy while working towards the roll-out of an e-commerce platform in early 2015. This demonstrates Aaron’s strategic initiative to reach its customers in an ever evolving marketplace.
Company Growth (employees)
Type
Public
HQ
Atlanta, US
Founded
1955
Size (employees)
11,500 (est)
Website
aarons.com
Aaron's was founded in 1955 and is headquartered in Atlanta, US

Aaron's Office Locations

Aaron's has an office in Atlanta
Atlanta, US (HQ)
309 East Paces Ferry Rd NE

Aaron's Financials and Metrics

Aaron's Financials

Aaron's's revenue was reported to be $3.2 b in FY, 2016
USD

Net income (Q3, 2017)

25.3 m

EBIT (Q3, 2017)

42.7 m

Market capitalization (13-Nov-2017)

2.6 b

Cash (30-Sep-2017)

126.3 m
Aaron's's current market capitalization is $2.6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.2 b2.7 b3.2 b3.2 b

Revenue growth, %

22%17%1%

EBIT

187.1 m139.8 m235.9 m242.7 m

EBIT margin, %

8%5%7%8%
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

539.5 m585.4 m672.5 m

Operating expense total

509.3 m523.5 m655.7 m687.3 m737 m701.5 m724.7 m768.4 m721.2 m718.2 m758.1 m754.6 m796.2 m

EBIT

30.2 m61.9 m16.8 m20.3 m84.8 m67.5 m43 m86 m68.2 m50.8 m86.5 m61 m42.7 m

EBIT margin, %

6%11%3%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

231.1 m3.5 m14.9 m308.6 m

Accounts Receivable

68.7 m107.4 m113.4 m95.8 m

PP&E

231.3 m219.4 m225.8 m211.3 m

Goodwill

239.2 m530.7 m539.5 m526.7 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

309.2 m290.7 m17.6 m10.4 m129.8 m91.1 m66.9 m118.9 m242.2 m319.5 m348.5 m260.3 m126.3 m

Accounts Receivable

59.7 m60.9 m79.5 m89.8 m105.6 m94.1 m85.2 m85.2 m84.1 m86.8 m93.7 m84.8 m92.2 m

Goodwill

239.1 m238.3 m516.6 m515.5 m529.8 m533 m536.1 m524.7 m524.8 m528.6 m526.6 m527.9 m618.2 m

Total Assets

1.9 b1.9 b2.4 b2.3 b2.4 b2.4 b2.3 b2.5 b2.5 b2.6 b2.6 b2.5 b2.6 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

120.7 m78.2 m135.7 m139.3 m

Accounts Receivable

(30 m)(110 m)(170 m)(149.8 m)

Accounts Payable

16.9 m(12.8 m)25.5 m(51.6 m)

Cash From Operating Activities

308.4 m(227.5 m)11.4 m
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

98 m38.3 m46.8 m56.1 m49.2 m40.5 m24.2 m49.7 m38.5 m29.5 m53.3 m

Accounts Receivable

(11.2 m)5.8 m(11.9 m)(55.6 m)105.6 m94.1 m85.2 m85.2 m84.1 m86.8 m93.7 m

Accounts Payable

(2 m)25.7 m(22 m)(10.7 m)288.5 m271.3 m268.5 m244.5 m234.8 m263.7 m307.1 m

Cash From Operating Activities

244.5 m55.7 m
Y, 2017

Financial Leverage

1.6 x
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Aaron's Operating Metrics

Aaron's's Stores was reported to be 1.8 k in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Stores

2.11 k2.11 k2.08 k2.06 k2.04 k2.03 k1.94 k1.93 k1.86 k1.84 k1.77 k
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Aaron's Market Value History

Aaron's Revenue Breakdown

Aaron's's Web-traffic and Trends

Aaron's Online and Social Media Presence

Aaron's Company Life and Culture

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