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Aarons Holdings Company (AAN)

Aarons Holdings Company (AAN)
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Aaron's Co., Inc. is a major omnichannel provider of lease-to-own (LTO) and purchase solutions, mainly to underserved and credit-challenged customers. It deals in sales and lease ownership, apart from specialty retailing of furniture, home appliances, electronics, computers, and various other products and accessories. Its business also includes the Woodhaven Furniture Industries (Woodhaven). Woodhaven is the manufacturer and supplier of most of the bedding and a large portion of the upholstered furniture leased and sold at Aaron's. It also operates through its e-commerce site, Aarons.com. Aaron's has only 1 reporting segment. It generates revenues through lease revenues and fees (via LTO model, lease provided as per terms agreed by the customers), retail and non-retail sales, and franchise royalties and fees (in the form of royalties & advertisements).

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Jun, 2024 Mar, 2024 Dec, 2023 Sep, 2023 Jun, 2023
Sales 503,130 511,500 529,480 525,680 530,370
Sales Growth -1.64% -3.40% +0.72% -0.88% -4.33%
Net Income -11,900 -14,180 -12,360 -4,140 6,520
Net Income Growth +16.08% -14.72% -198.55% -163.50% -49.06%
(Values in U.S. Thousands) Jun, 2024 Mar, 2024 Dec, 2023 Sep, 2023 Jun, 2023
Total Assets 1,771,060 1,785,620 1,826,580 1,789,920 1,819,220
Total Assets Growth -0.82% -2.24% +2.05% -1.61% -0.38%
Total Liabilities 1,113,370 1,115,080 1,140,440 1,089,250 1,108,640
Total Liabilities Growth -0.15% -2.22% +4.70% -1.75% -1.21%
(Values in U.S. Thousands) Jun, 2024 Mar, 2024 Dec, 2023 Sep, 2023 Jun, 2023
Operating Cash Flow -6,910 -18,540 180,410 149,110 114,360
Operating Cash Flow Growth +62.73% -110.28% +20.99% +30.39% +87.60%
Net Cash Flow -24,870 -18,000 31,320 11,600 10,650
Change in Net Cash Flow -38.17% -157.47% +170.00% +8.92% -35.65%
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