Furniture Today,
\nATLANTA \u00e2\u20ac\u201d Revenue increases across all divisions fueled an 18.6% jump in total revenues in the second quarter and 21.5% in the six months for rental and rent-to-own major Aaron Rents.
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\nAaron\u00e2\u20ac\u2122s Sales and Lease Ownership division posted revenue gains of 20% and 23% for the quarter and six months, respectively.<\/p>\n
Revenues in the latest quarter came to $321.7 million, compared with $271.3 million a year ago. Net profits skyrocketed 28.1% to $20.6 million. For the six months, Aaron recorded revenues of $500 million, up from $415.8 million a year ago, and net income of $2.2 million, up 22.2%.<\/p>\n
Same-store revenues in company-owned stores jumped 9.1% in the quarter and 6% in the six months.<\/p>\n
\u00e2\u20ac\u0153Our business plan remains to rapidly increase our revenues and store base through the opening of new company-operated and franchised stores, plus selective acquisitions,\u00e2\u20ac\u009d said Chairman and CEO Charles Loudermilk. \u00e2\u20ac\u0153We are very confident of the prospects for our business and are accelerating our store opening plans.<\/p>\n
\u00e2\u20ac\u0153We anticipate adding approximately 350 new Aaron\u00e2\u20ac\u2122s Sales and Lease Ownership stores over the next 18 months, a 30% increase over the current store base,\u00e2\u20ac\u009d he said.<\/p>\n
During the latest quarter, the company opened 12 company-operated stores and 15 franchised stores. Aaron also acquired eight franchised stores and three stores from independent rental operators, and purchased the accounts of four other third-party stores. The company sold all 12 of its stores in Puerto Rico.<\/p>\n","protected":false},"excerpt":{"rendered":"
Furniture Today, ATLANTA \u00e2\u20ac\u201d Revenue increases across all divisions fueled an 18.6% jump in total revenues in the second quarter and 21.5% in the six months for rental and rent-to-own major Aaron Rents.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1429","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=1429"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/1429\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=1429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=1429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=1429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}