Why Aaron's Company Shares Are Falling today
Portfolio Pulse from Shivani Kumaresan
Aaron's Company Inc (NYSE:AAN) reported a Q3 FY23 sales decline of 11.4% YoY to $525.68 million, missing the analyst consensus estimate of $536.10 million. The decrease in revenues was due to lower lease revenues and fees and lower retail sales at Aaron's Business and BrandsMart. The company also reported an operating loss of $3.5 million and adjusted EPS of $0.01, missing the consensus estimate of $0.07. The company has tightened its FY23 revenue outlook and adjusted EPS guidance.
October 24, 2023 | 11:00 am
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NEGATIVE IMPACT
Aaron's Company Inc reported lower than expected Q3 FY23 sales and adjusted EPS. The company also tightened its FY23 revenue outlook and adjusted EPS guidance, which could negatively impact investor sentiment.
Aaron's Company Inc reported lower than expected Q3 FY23 sales and adjusted EPS, which could negatively impact investor sentiment and lead to a decrease in the company's stock price. The company's decision to tighten its FY23 revenue outlook and adjusted EPS guidance could further exacerbate this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100