Aaron's Q1 revenue $511.5M, loss $0.46/share; reaffirms FY outlook, raises non-GAAP EPS guidance

Aaron's Company, Inc.

2024-Q1 EPS reported -$0.46 revenue$511,497,000

Q1 2024 revenue $511.5M; adjusted EBITDA $22.7M; GAAP EPS loss $0.46; non-GAAP EPS loss $0.15.
Aaron's Business recurring revenue written +2.3%; e-commerce recurring revenue +94.1%.
Lease portfolio size down 4.8% YoY; same-store down 1.4% YoY, both sequentially improved.
BrandsMart comparable sales -9.4%, sequentially improved 460 bps; write-offs 5.9%.
Reaffirms FY24 revenue $2.055B-$2.155B and adjusted EBITDA $105M-$125M; raises non-GAAP EPS outlook to $0.00-$0.25.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Aaron's Company, Inc. reported full year 2024 results: revenue Revenues of $2.055 billion to $2.155 billion, EPS Non-GAAP Diluted EPS of $0.00 to $0.25. Guidance raised.

Period: full year 2024
Revenue: Revenues of $2.055 billion to $2.155 billion
EPS: Non-GAAP Diluted EPS of $0.00 to $0.25
Guidance: raised
Result: guidance update

Exact text from the filing

sequential improvement of 460 basis points • Announced quarterly cash dividend of $0.125 per share to be paid on July 3, 2024 Full Year 2024 Consolidated Outlook: • Revenues of $2.055 billion to $2.155 billion • Adjusted EBITDA 1 of $105.0 million to $125.0 million • Non-GAAP Diluted EPS 1 of $0.00 to $0.25 The Company will host an earnings conference call tomorrow,

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Aaron's Company, Inc. reported first quarter 2024 results: revenue Revenues were $511.5 million, EPS Loss per share was $0.46; Non-GAAP loss per share was $0.15. Guidance reaffirmed.

Period: first quarter 2024
Revenue: Revenues were $511.5 million
EPS: Loss per share was $0.46; Non-GAAP loss per share was $0.15
Guidance: reaffirmed
Result: reported results

Exact text from the filing

of those results and the 2024 outlook are included below, in the attached supplement, and at investor.aarons.com . First Quarter 2024 Consolidated Results: • Revenues were $511.5 million • Adjusted EBITDA 1 was $22.7 million • Loss per share was $0.46; Non-GAAP loss per share 1 was $0.15 • Reaffirms full year 2024 outlook for revenue and adjusted EBITDA and

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Source: SEC EDGAR

accession 0001821393-24-000069

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