Aaron's, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Reaffirms Earnings Outlook for the Year 2017
April 28, 2017 at 08:35 am EDT
Share
Aaron's, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported total revenues of $844,554,000 compared to $854,427,000 a year ago. Operating profit was $86,489,000 compared to $85,980,000 a year ago. Earnings before income taxes were $82,623,000 compared to $79,728,000 a year ago. Net earnings were $53,300,000 or $0.75 per share compared to $49,687,000 or $0.68 per share a year ago. Cash provided by operating activities was $104,179,000 compared to $195,651,000 a year ago. Non-GAAP net earnings were $57,760,000 or $0.80 per diluted share compared to $52,069,000 or $0.71 per diluted share a year ago. Adjusted EBITDA was $109,405,000 compared to $104,018,000 a year ago.
For the year 2017, the company's outlook remains unchanged.
PROG Holdings, Inc. is a fintech holding company that provides payment options and inclusive consumer financial products. Its Progressive Leasing segment is provider of e-commerce, app-based, in-store point-of-sale lease-to-own solutions provider. The segment provides consumers with lease-purchase solutions through its point-of-sale partner locations and e-commerce Website partners. It does so by purchasing the merchandise from the POS partners desired by customers and, in turn, leasing that merchandise to the customers through a cancellable lease-to-own transaction. Its Vive segment primarily serves customers that may not qualify for traditional prime lending offers who desire to purchase goods and services from participating merchants. Vive offers customized programs with services that include revolving loans through private label and Vive-branded credit cards. Its Four segment provides consumers of all credit backgrounds with BNPL options through four interest-free installments.
PROG HOLDINGS, INC. 
