07-25-02
RTO Online
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Conference Call Factoids |
| hot
Exclusive Interview with Ken Butler |
| Will open 50 stores in the next 12 months |
| Franchisees outperformed Company stores with Same Store
Sales up 15.9% |
| Stock offering net 34.3 million |
| Debt down to 26.3 million |
| Opened 8th Distribution Center (Puerto Rico) |
| Will open 2 new Distribution Centers in Q3 |
| 28% revenue increase Q2 |
| Earnings up 35% from 2001 |
| Currently 588 total stores (includes franchise) |
It has been said that "The shorter the Earnings Conference Call, the healthier
the company" If this is true...Aaron Rents is the healthiest company in the
universe.
Clocking in at 5.4 minutes, including the introduction it was the fastest
conference in recent memory.
UPDATE: We have learned that there
was a problem with the phone lines so callers with questions could not get
through
Charles Loudermilk said it all in the most succinct statement from a CEO ever
published...
Charles Loudermilk
CEO
"My report is really very simple...we are doing very well and we need to do a
lot more of what we're doing."
Ken Butler, President of Aaron's Rent to Own division, joined in the fun and
proclaimed, for the second quarter in a row, that Aaron Rents has replaced Rent
Way as the number 2 player in the industry
Ken Butler
President
Sales and Lease Ownership Division
"If you do the math, adding the $61 million in franchise revenues to our
quarterly revenues, we are clearly number 2 in the industry"
The accuracy of including Franchise revenue in a calculation comparing Aarons to
Rent Way is questionable, but you have to respect the pride and passion shown by
the Aaron Rents team.
Follow this link to
Listen to the archived call
View the Consolidated Statement
here end
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