The Aaron's Company Reports Full Year and Fourth Quarter Revenues and Earnings; Initiates Outlook for 2021
Full Year 2020 Highlights
•Full Year 2020 Revenues of $1.735 Billion
•Diluted EPS of ($7.85); Non-GAAP Diluted EPS of $3.02, Up 43.8%
•Adjusted EBITDA of $208.9 Million, Up 26.4%
•Same Store Revenues Up 1.8%; E-commerce Lease Revenues Up 41%
Fourth Quarter 2020 Highlights
•Fourth Quarter Revenues of $430 Million
•Diluted EPS of $0.08; Non-GAAP Diluted EPS $0.79, Up 11.3%
•Adjusted EBITDA of $53.7 Million, Up 4.8%
•Same Store Revenues Up 3.4%; E-commerce Lease Revenues Up 39%
Refer to the "Basis of Presentation" section below for information regarding the consolidated and combined financial results for the periods discussed in this release.
ATLANTA, February 23, 2021 - The Aaron’s Company, Inc. (NYSE: AAN), a leading technology-enabled omnichannel provider of lease-purchase solutions, today announced financial results for the full year and fourth quarter ended December 31, 2020.
"We are pleased to announce another quarter of solid financial results to conclude a strong year for Aaron's," said Douglas Lindsay, Chief Executive Officer of The Aaron’s Company. "I am proud of the dedication of our team members who continue to provide exceptional customer service during the ongoing COVID-19 pandemic. We believe our investments in customer servicing platforms, decisioning technologies, new store formats and fast-growing e-commerce channel are delivering positive momentum in financial performance and lease portfolio growth. We remain focused on executing our key strategic priorities:
The following information was filed by Aaron's Company, Inc. (AAN) on Tuesday, February 23, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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Ticker: AAN CIK: 1821393 Form Type:10-K Annual Report Accession Number: 0001821393-21-000009 Submitted to the SEC: Tue Feb 23 2021 9:16:05 AM EST Accepted by the SEC: Tue Feb 23 2021 Period: Thursday, December 31, 2020 Industry: Equipment Rental And Leasing