Gilford Securities Reports Aaron's 1Q Beat Expectations

According to Gilford Securities, Aaron's (NYSE: AAN) 1Q beat expectations.

Gilford Securities said that Aaron's is a leading rent-to-own operator in the United States and has a low-price provider strategy. “This growth story is being driven by steady expansion of its store base, through company-owned and franchised sales and lease ownership (SLO) locations, as well as market share gains. Aaron's store base is approximately 60% of Rent-A-Center's and should drive annual store growth of 7-9% for the next several years, in our view.”

Aaron's closed yesterday at $25.95.