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.
Type
Public
HQ
Atlanta, US
Founded
1955
Size (employees)
11,500 (est)-9%
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 Data and Metrics

Aaron's Financial Metrics

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

Net income (Q1, 2017)

53.3 m

EBIT (Q1, 2017)

86.5 m

Market capitalization (25-Jul-2017)

2.9 b

Cash (31-Mar-2017)

348.5 m
Aaron's's current market capitalization is $2.9 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

2.2 b2.7 b3.2 b3.2 b

Revenue growth, %

22%17%1%

Operating expense total

1 b1.3 b1.4 b3 b

EBIT

187.1 m139.8 m235.9 m242.7 m

EBIT margin, %

8%5%7%8%

Interest expense

5.6 m19.2 m23.3 m23.4 m

Interest income

3 m2.9 m2.2 m2.7 m

Pre tax profit

185 m121.7 m213.1 m218.4 m

Income tax expense

64.3 m43.5 m77.4 m79.1 m

Net Income

120.7 m78.2 m135.7 m139.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

672.5 m

EBIT

16.8 m20.3 m84.8 m67.5 m43 m86 m68.2 m50.8 m86.5 m

EBIT margin, %

3%

Interest income

1.1 m634 k439 k792 k483 k421 k507 k868 k974 k

Pre tax profit

13.6 m13.2 m77.8 m64.4 m36.6 m79.7 m61.1 m45.3 m82.6 m

Net Income

46.8 m56.1 m49.2 m40.5 m24.2 m49.7 m38.5 m29.5 m53.3 m
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

Total Assets

1.8 b2.5 b2.7 b2.6 b

Accounts Payable

243.9 m270.4 m300.4 m297.8 m

Total Liabilities

1.1 b

Additional Paid-in Capital

198.2 m227.3 m240.1 m254.5 m

Retained Earnings

1.2 b1.3 b1.4 b1.5 b

Total Equity

1.4 b1.5 b

Financial Leverage

1.9 x1.8 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

17.6 m10.4 m129.8 m91.1 m66.9 m118.9 m242.2 m319.5 m348.5 m

Accounts Receivable

79.5 m89.8 m105.6 m94.1 m85.2 m85.2 m84.1 m86.8 m93.7 m

Goodwill

516.6 m515.5 m529.8 m533 m536.1 m524.7 m524.8 m528.6 m526.6 m

Total Assets

2.4 b2.3 b2.4 b2.4 b2.3 b2.5 b2.5 b2.6 b2.6 b

Accounts Payable

276.7 m266.9 m288.5 m271.3 m268.5 m244.5 m234.8 m263.7 m307.1 m

Additional Paid-in Capital

223.1 m225.7 m230.1 m233 m236.6 m240.8 m245.3 m249.6 m250.3 m

Retained Earnings

1.2 b1.3 b1.3 b1.4 b1.4 b1.5 b1.5 b1.5 b1.6 b

Total Equity

1.3 b1.3 b1.4 b1.5 b1.5 b1.5 b

Financial Leverage

1.8 x1.7 x1.8 x1.7 x1.8 x1.7 x
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

Purchases of PP&E

(58.1 m)(47.6 m)(60.6 m)

Cash From Investing Activities

(87 m)(635.5 m)

Long-term Borrowings

(441.6 m)(330.7 m)(208.6 m)

Dividends Paid

(3.9 m)(7.8 m)(6.8 m)(7.4 m)

Cash From Financing Activities

(119.9 m)

Interest Paid

5.6 m16.3 m23.4 m22.5 m

Income Taxes Paid

54 m187.7 m91.7 m(54.3 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

46.8 m56.1 m49.2 m40.5 m24.2 m49.7 m38.5 m29.5 m53.3 m

Accounts Receivable

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

Accounts Payable

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

Purchases of PP&E

(24.7 m)(37.2 m)

Dividends Paid

(3.1 m)(6.2 m)

Cash From Financing Activities

471.9 m414.1 m
Y, 2017

Financial Leverage

1.7 x

Aaron's Market Value History

Aaron's Online and Social Media Presence

Aaron's Company Life and Culture

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