Aaron's Corporate Profile

Aaron's Corporate Profile

Financials

2019 Annual Revenue
$3.95 Billion

2019 Gross Profit
$3.81 Billion

2019 Annual Net Income
$31.5 Million

2019 Fiscal Year Revenue Growth
3.10%

2019 Number of Stores
1,502

Credit Rating

N/A - No Publicly Rated Debt (Long-Term)

Aaron's Corporate Profile

Aaron's Corporate Profile

Aaron’s, Inc. (NYSE: AAN) is a vertically-integrated leading retailer focused on the lease ownership, lease, and sale of consumer products such as computers, appliances, furniture, and accessories. As of 2019, Aaron's had approximately 1,500 company-operated and franchised stores in 47 states, Canada, and Puerto Rico. Typically, the rent-to-own transaction takes place through weekly or monthly transactions over 1–2 years and is popular amongst lower-middle-income consumers who have a temporary need, wish to test out a product or brand, cannot qualify under typical financing programs, or who have sufficient credit but do not want to add debt. This is not considered a credit installment contract, and customers may return the product or buy it outright, generally at any time. Aaron’s differentiates itself by utilizing larger stores, offering a wider merchandise selection, and delivering lower costs through integrated manufacturing. Aaron’s believes that the reduction in small-box consumer-goods retailers has provided an opportunity for the industry to grow the subset of the population currently targeted by rent-to-own retailers.

ExchangeRight

1055 E. Colorado Blvd, Suite 310
Pasadena, CA 91106

Phone: (855) 317-4448
Fax: (877) 711-4047
Email: info@exchangeright.com

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