secwatch.observer — SEC 8-K summary
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Issuer:     Aaron's Company, Inc. (—)
CIK:        0001821393
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001821393-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.02, 2.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/0001821393-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1821393/000182139324000005/aan-20240226.htm
  HTML page:      https://secwatch.observer/filing/0001821393-24-000005

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