Aaron Rents Announces Record Revenues

April 26, 2007  by in UnCategorized   

By Home Furnishings Business in Furniture Retailing on April 2007 Aaron Rents, Atlanta, announced Wednesday that first-quarter revenues increased 12 percent to a record $387.9 million.

The nation’s leader in sales and lease ownership of furniture, appliances and electronics said net earnings increased 35 percent to $29.2 million, which was also a record. The revenue increase included a $4.9 million gain from the sale of a parking deck at the company’s headquarters.

Aaron Rents currently has more than 1,380 company owned and franchised stores in the United States and Canada. “We feel that our first quarter was a good start for 2007,” said Charles Loudermilk, chairman and CEO. “We plan to continue to aggressively expand operations and look forward to adding more stores in future periods.”