Aaron's Sales & Lease

Aaron’s, Inc. is the leader in lease ownership and specialty retailing of office furniture, consumer electronics, home appliances and electronics with more than 1,655 Company-operated and franchised stores in 48 states and Canada. Founded in 1955 by entrepreneur R. Charles Loudermilk and publicly traded since 1982, Aaron’s was a pioneer in the furniture rental industry. There are two operating divisions of Aaron?s: sales and lease ownership and manufacturing. The Aaron’s Sales & Lease Ownership division is the largest and fastest growing division, serving credit-constrained consumers in need of basic home furnishings, appliances and electronics. Customers range from white-collar professionals and blue-collar workers to young couples and retirees. The Sales & Lease Ownership division has 1,072 Company-owned stores and 569 franchised stores. The MacTavish Furniture Industries division manufactures the majority of furniture leased and sold by Aaron?s. Vertical integration allows the Company to control quality, styling and cost, leading to superior customer service. For the first nine months of 2009, revenues increased 10% to $1.307 billion compared to $1.188 billion for the same period of 2008. Net earnings were $87.5 million versus $69.1 million for the first nine months of 2008. Diluted earnings per share were $1.60 compared to $1.28 in the prior year period quarter. Our customer count for the third quarter of 2009 increased 12%. Same store revenues increased 6.3% during the third quarter of 2009 compared to the third quarter of 2008.