Aaron's posts Q4 loss $0.41/sh; revenue down 10.2%; FY2024 EBITDA guide $105-125M

Fourth Quarter 2023 Consolidated Results 1 : • Revenues were $529.5 million, a decrease of 10.2% • Adjusted EBITDA 2,3 was $22.4 million, a decrease of 25.2% • Loss per share was $0.41; Non-GAAP loss per share 2 was $0.26 • Write-offs were 6.5% in the Aaron's Business, an improvement of 60 basis points

Full Year 2023 Consolidated Results 1 : • Revenues were $2.14 billion, a decrease of 4.9% • Adjusted EBITDA 2,3 was $136.0 million, a decrease of 23.2% • EPS was $0.09; Non-GAAP EPS 2 was $0.81 • Write-offs were 5.8% in the Aaron's Business, an improvement of 60 basis points • Adjusted free cash flow was $102.3 million, an increase of 10.5% • Net debt lowered by $79.8 million, a reduction of 37.2%

Full Year 2024 Consolidated Outlook: • Revenues of $2.055 billion to $2.155 billion • Adjusted EBITDA 2 of $105.0 million to $125.0 million • Non-GAAP Diluted EPS 2 of $(0.10) to $0.25

On February 23, 2024, The Aaron’s Company, Inc., a Georgia corporation (the “ Company ”) amended its Credit Agreement, dated as of April 1, 2022 (as amended by the Credit Facility Amendment (as defined below), the “ Credit Agreement ”), among the Company, Aaron’s, LLC, a wholly owned subsidiary of the Company (“ Borrower ”), the financial institutions from time to time party thereto, as lenders (the “ Lenders ”), and Truist Bank, as administrative agent (the “ Agent ”), pursuant to the terms and conditions of that certain First Amendment to Credit Agreement (the “ Credit Facility Amendment ”), among the Company, Borrower, the various subsidiaries of Borrower party thereto as guarantors (collectively with the Company and Borrower, the “ Credit Facility Loan Parties ”), the Lenders party thereto and the Agent.

On February 23, 2024, the Company amended its Loan Facility Agreement and Guaranty, dated as of April 1, 2022 (as amended by the Franchise Facility Amendment (as defined below), the “ Franchise Agreement ”), among the Company, Borrower, the financial institutions from time to time party thereto, as participants (the “ Participants ”), and Truist Bank, as servicer (the “ Servicer ”), pursuant to the terms and conditions of that certain Second Amendment to Loan Facility Agreement and Guaranty (the “ Franchise Facility Amendment ”), among the Company, Borrower, the various subsidiaries of Borrower party thereto as guarantors (collectively, together with the Company and Borrower, the “ Franchise Facility Loan Parties ”), the Participants party thereto and the Servicer.