{"schema_version":"secwatch.filing_event.v1","accession":"0001821393-24-000005","form_type":"8-K","ticker":null,"cik":"0001821393","company_name":"Aaron's Company, Inc.","filed_at":"2024-02-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.733006+00:00","generated_at":"2026-06-05T15:38:06.259109+00:00","sec_items":["1.01","2.02","2.03","7.01","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Aaron's posts Q4 loss $0.41/sh; revenue down 10.2%; FY2024 EBITDA guide $105-125M","bullets":["Q4 revenues $529.5M (-10.2% YoY); Adj. EBITDA $22.4M (-25.2%); GAAP loss per share $0.41.","Full year 2023 revenue $2.14B (-4.9%); Adj. EBITDA $136M (-23.2%); GAAP EPS $0.09.","FY2024 outlook: revenue $2.055-2.155B; Adj. EBITDA $105-125M; Non-GAAP EPS -$0.10 to $0.25.","Aaron's Business recurring revenue written down 4.2%; e-commerce up 60%; BrandsMart comp sales down 14%.","Net debt reduced 37.2% ($79.8M); cost savings >$40M in 2023; dividend $0.125/sh continued."],"urls":{"canonical":"https://secwatch.observer/filing/0001821393-24-000005","json":"https://secwatch.observer/filing/0001821393-24-000005.json","markdown":"https://secwatch.observer/filing/0001821393-24-000005.md","text":"https://secwatch.observer/filing/0001821393-24-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/0001821393-24-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/aan-20240226.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T15:38:06.259109+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"22c422d37dbfe8333a23e74d5e93edceb47f3635","claim":"Aaron's Company, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $529.5 million, EPS $(0.41) per share.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/0001821393-24-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$529.5 million"},{"label":"EPS","value":"$(0.41) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3f785a32a49c5f561b66eedc445d260e2a245b87","claim":"Aaron's Company, Inc. reported the full year ended December 31, 2023 results: revenue $2.14 billion, EPS $0.09 per share.","evidence_excerpt":"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%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/0001821393-24-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2023"},{"label":"Revenue","value":"$2.14 billion"},{"label":"EPS","value":"$0.09 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"cfe85c89fcd5c8423399a47c98ee29e889d58788","claim":"Aaron's Company, Inc. reported Full Year 2024 results: revenue $2.055 billion to $2.155 billion, EPS $(0.10) to $0.25. Guidance initiated.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/0001821393-24-000005-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Full Year 2024"},{"label":"Revenue","value":"$2.055 billion to $2.155 billion"},{"label":"EPS","value":"$(0.10) to $0.25"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"0af1b8b849ba01c1153fb0e25232500c33cf6dec","claim":"Aaron's Company, Inc. amended Credit Agreement with Truist Bank, as administrative agent (effective 2024-02-23).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/0001821393-24-000005-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Truist Bank, as administrative agent"},{"label":"Effective","value":"2024-02-23"}],"fact_type":"material_agreement"},{"claim_id":"14e7576ced5a4b86770a9311dfe949d8cb725c22","claim":"Aaron's Company, Inc. entered into Loan Facility Agreement and Guaranty with Truist Bank, as servicer (effective 2024-02-23).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/0001821393-24-000005-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Truist Bank, as servicer"},{"label":"Effective","value":"2024-02-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}