The Aaron's Company, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
July 25, 2022 at 04:48 pm EDT
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The Aaron's Company, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 604.4 million compared to USD 460.95 million a year ago. Revenue was USD 610.38 million compared to USD 467.5 million a year ago. Net loss was USD 5.34 million compared to net income of USD 32.98 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to basic earnings per share from continuing operations of USD 0.98 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to diluted earnings per share from continuing operations of USD 0.95 a year ago.
For the six months, sales was USD 1,054.16 million compared to USD 934.99 million a year ago. Revenue was USD 1,066.47 million compared to USD 948.55 million a year ago. Net income was USD 16.19 million compared to USD 69.3 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 2.04 a year ago. Diluted earnings per share from continuing operations was USD 0.51 compared to USD 1.99 a year ago.
The Aaronâs Company, Inc. is a technology-enabled, omnichannel provider of lease-to-own and retail purchase solutions for appliances, electronics, furniture, and other home goods across its brands, including Aaronâs, BrandsMart U.S.A., BrandsMart Leasing, and Woodhaven. The Company offers a direct-to-consumer lease-to-own solution through its approximately 1,240 Company-operated and franchised stores in 47 states and Canada, as well as its own e-commerce platform. BrandsMart U.S.A. is an appliance retailer in the country with about 11 retail stores in Florida and Georgia, as well as its e-commerce platform. BrandsMart Leasing offers lease-to-own solutions to customers of BrandsMart U.S.A. Woodhaven is the Company's furniture manufacturing division. The Companyâs business segment consists of Aaron's branded Company-operated and franchise-operated stores; aarons.com e-commerce platform (aarons.com); Woodhaven; and BrandsMart Leasing (collectively Aaronâs Business).
THE AARON'S COMPANY, INC. 
