Aaron's Company falls after cutting FY rev forecast, Q2 rev miss

Aaron's

01/08/2023 13:57

**  Shares of lease-to-own furniture retailer Aaron's
Company  AAN.N  fall 9.54% to $14.31 premarket
    ** Co lowers FY23 rev outlook to range of $2.12 bln - $2.22
bln from prior provided range of $2.15 bln -  $2.25 bln
    ** Q2 rev falls 13.1% to $530.4 mln and misses analysts'
consensus forecast of $543.18
    ** Q2 adj. EPS of 39 cents beats expectations of 19 cents
    ** Up to Monday's close, stock had risen over 32% YTD

 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com;))