--- 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" generated_at: "2026-06-05T15:38:06.259109+00:00" event_type: "earnings" sentiment: "negative" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "high" source: SEC EDGAR --- # Aaron's posts Q4 loss $0.41/sh; revenue down 10.2%; FY2024 EBITDA guide $105-125M ## Summary - 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. ## SEC filing metadata - accession: 0001821393-24-000005 - form_type: 8-K - cik: 0001821393 - company_name: Aaron's Company, Inc. - filed_at: 2024-02-26T23:59:59+00:00 - event_type: earnings - sentiment: negative - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: high - sec_items: 1.01, 2.02, 2.03, 7.01, 8.01, 9.01 - 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 ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001821393-24-000005 - JSON: https://secwatch.observer/filing/0001821393-24-000005.json - Plain text: https://secwatch.observer/filing/0001821393-24-000005.txt ## Key facts - Earnings Releases Aaron's Company, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $529.5 million, EPS $(0.41) per share. - Period: the fourth quarter ended December 31, 2023 - Revenue: $529.5 million - EPS: $(0.41) per share - Result: reported results source text: 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_url: https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/0001821393-24-000005-index.htm - Earnings Releases Aaron's Company, Inc. reported the full year ended December 31, 2023 results: revenue $2.14 billion, EPS $0.09 per share. - Period: the full year ended December 31, 2023 - Revenue: $2.14 billion - EPS: $0.09 per share - Result: reported results source text: 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_url: https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/0001821393-24-000005-index.htm - Earnings Releases 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. - Period: Full Year 2024 - Revenue: $2.055 billion to $2.155 billion - EPS: $(0.10) to $0.25 - Guidance: initiated - Result: guidance update source text: 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_url: https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/0001821393-24-000005-index.htm - Material Agreements Aaron's Company, Inc. amended Credit Agreement with Truist Bank, as administrative agent (effective 2024-02-23). - Action: amendment - Agreement: credit facility - Counterparty: Truist Bank, as administrative agent - Effective: 2024-02-23 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/0001821393-24-000005-index.htm - Material Agreements Aaron's Company, Inc. entered into Loan Facility Agreement and Guaranty with Truist Bank, as servicer (effective 2024-02-23). - Agreement: credit facility - Counterparty: Truist Bank, as servicer - Effective: 2024-02-23 source text: 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_url: https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/0001821393-24-000005-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.