AAN - Why Aaron's Company Shares Are Falling today | Benzinga
Aaron's Company Inc (NYSE: AAN) reported a third-quarter FY23 sales decline of 11.4% year-on-year to $525.68 million, missing the analyst consensus estimate of $536.10 million.
The decrease in revenues was primarily due to lower lease revenues and fees and lower retail sales at Aaron's Business, as well as lower retail sales at BrandsMart.
The operating loss narrowed to $(3.5) million from $(17.1) million last year.
Adjusted EBITDA for the ...