Business Summary: Retail - Furniture & Home Furnishings (MIC: 2.1.6 SIC: 5712 NAIC: 442110) Aaron's is a provider of lease-purchase solutions, Co. is engaged in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Co.-operated and franchised stores in several states and Canada as well as its e-commerce platform, Aarons.com. Co.'s stores carry brands such as Samsung®, Hewlett-Packard®. LG®, Whirlpool®. Simmons®, Philips® and Ashley®. Co.'s operating segments include Progressive Leasing, a virtual lease-to-own company that provides lease-purchase solutions; Aaron's Business, which provides consumer electronics and accessories; and Dent-A-Med. Inc.. which provides a variety ot revolving credit products. Recent Developments: For the quarter ended Sep 30 2018. net income increased 72.57% to US$43.7 million from US$25.3 million in the year-earlier quarter. Revenues were US$953.1 million, up 13.69% from US$838.9 million the year before. Operating income was US$57.3 million versus US$42.7 million in the prior-year quarter, an increase of 34.2%. Direct operating expenses declined 27.37 to US$40.1 million from US$55.1 million in the comparable period the year before. Indirect operating expenses increased 15.5% to US$855.7 million from US$741.1 million in the equivalent prior-year period.
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