Aaron's Revenue up 8% for Quarter, Year
Rent-to-own furniture and appliance retailer Aaron's (NYSE: AAN) reported an 8 percent increase in fourth-quarter and 2012 revenue to $523.5 million and $2.02 billion, respectively.
Net earnings were down--off 1 percent in the fourth quarter to $30.5 million; and down 4 percent to $113.8 million for the year.
Same store revenues increased 3.7 percent during fourth-quarter 2011 compared with the fourth quarter of 2010. Same store revenues also increased 2.1 percent for company-operated stores open for over two years at the end of 2011.