TITLE

Aaron Rents 1Q sales up 11.7%; profits soar 35.5%

PUB. DATE
April 2007
SOURCE
Furniture/Today;4/30/2007, Vol. 31 Issue 33, p46
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the financial performance of Atlanta, Georgia-based rent-to-own and rental merchant Aaron Rents for the first quarter of 2007. According to chairman and CEO Charlie Loudermilk, the company expects to add 250 company-owned and franchised stores. The company's revenues increased to 11.7 percent and earnings up 35.5 percent to $29.2 million. It projects revenues of about $1.5 billion and earnings per share of $1.55 to $1.65 in 2007, excluding the parking deck sale gain.
ACCESSION #
24917176

 

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