07-25-02
RTO Online

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

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