Aaron’s Settles With The Feds As Q4 Sales Rise

A charge to settle a U.S. Federal Trade Commission matter pushed Aaron’s Progressive division to a loss in the fourth quarter, but not all news was bad news for the company.

Aaron’s Earnings, Sales Gain In Third Quarter

For the third quarter ended September 30, when the company’s Progressive business boosted revenues, Aaron’s posted net earnings of $43.7 million, or 62 cents per diluted share, versus $25.3 million, or 35 cents per diluted share, in the year-earlier period.

Aaron’s Stays Steady In Q4

In the fourth quarter ended December 31, Aaron’s recorded net earnings of $21.6 million versus $21.7 million in the prior-year period with diluted earnings per share coming in at 30 cents in both instances.