Date: Fri, 19 Dec 1997 17:28:26 GMT Server: Apache/1.2.1 Last-Modified: Mon, 15 Dec 1997 13:18:50 GMT ETag: "d9ad9-1a8f-34952e3a" Content-Length: 6799 Accept-Ranges: bytes Connection: close Content-Type: text/html Aaron Rents Investor Information


Aaron Rents, Inc. is a leading U.S. furniture rental company with a growing and distinct presence in the rental purchase industry. The Company rents and sells residential and office furniture and accessories, consumer electronics, household appliances and business equipment through its more than 300 stores in 26 states. Vertically integrated for competitive advantages, Aaron Rents manufactures residential and office furniture at five Company-owned facilities comprising the MacTavish Furniture Industries division. A pioneer in the furniture rental industry, Aaron Rents was founded in 1955 by entrepreneur R. Charles Loudermilk.

Aggressive expansion has produced record results with the Company opening its 300th store in 1996. Five-year revenues through 1996 increased 93% as net income quadrupled during the same period. For the 1996 fiscal year, revenues gained 15% to $274.2 million versus $237.8 million, and net earnings rose 16% to $15.4 million, or $0.77 per share, versus $13.2 million, or $0.66 per share for the 1995 period. Fourth quarter revenues were up 18%, net earnings up 5%. Starting in 1995, the Company changed its fiscal year end to December 31, necessitating a 9-month reporting period.

This record growth reflects the continuing strong expansion of the Aaron's Rental Purchase division and its aggressive franchise program, bolstered by the solid profitable performance of the rent-to-rent division. Total rental purchase stores in 1996 increased 38% with 54 new stores opened for a total of 196 at year end. Included in these were 25 franchised stores, for a total of 61.

The Company's strategic plan calls for reaching a critical mass of at least 100 franchised rental purchase stores by the end of 1997, anticipating significant profit contributions at that level of franchise operations; continuing strong expansion of Company-operated rental purchase stores; and growing the rent-to-rent business by clustering stores in selected markets.





For further information on the Company, contact:

Jennifer Manning
Manager, Shareholder Relations
Aaron Rents, Inc.
309 E. Paces Ferry Road, N.E.
Atlanta, GA 30305-2377
(404) 231-0011


Or e-mail us.

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