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Thursday, July 26, 2018

-=Aaron's (AAN) reported earnings on Thur 26 July 2018 (b/o)

Aaron's beats by $0.07, reports revs in-line; reaffirms FY18 EPS guidance, revs guidance 
  • Reports Q2 (Jun) earnings of $0.84 per share, $0.07 better than the Capital IQ Consensus of $0.77; revenues rose 13.8% year/year to $927.9 mln vs the $924.86 mln Capital IQ Consensus.
    • Same store revenues (revenues for Company-operated stores open for the entirety of the second quarter of 2018 and 2017) decreased 1.8% during the second quarter of 2018, compared with the second quarter of 2017. Customer count on a same store basis was down 4.3% during the second quarter of 2018. Company-operated Aaron's stores had 956,000 customers at June 30, 2018, a 2.6% increase from 2017.
  • Co reaffirms guidance for FY18, sees EPS of $3.20-3.50 vs. $3.34 Capital IQ Consensus Estimate; sees FY18 revs of $3.68-3.89 bln vs. $3.82 bln Capital IQ Consensus Estimate.

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