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From Home Furnishing Business

Aaron Rents Announces Record Revenues

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. €œWe feel that our first quarter was a good start for 2007,€ said Charles Loudermilk, chairman and CEO. €œWe plan to continue to aggressively expand operations and look forward to adding more stores in future periods.€

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