Aaron's Inc Updates FY 2012 Guidance; Issue Q4 2012 Guidance; Issues FY 2013 EPS Guidance

Aaron's Inc announced that it is updating its guidance for fiscal 2012 2 and expects to achieve the following: revenues (excluding revenues of franchisees) of over $2.2 billion, GAAP fiscal year 2012 diluted earnings per share in the range of $2.25 to $2.29 and Non-GAAP fiscal year 2012 diluted earnings per share in the range of $2.05 to $2.09, which excludes the first quarter reversal of the accrued lawsuit expense and the third quarter retirement charge. For the fourth quarter of 2012, it expects revenues (excluding revenues of franchisees) of approximately $575 million and diluted earnings per share in the range of $.48 to $.52 per share. The Company's initial earnings guidance for fiscal 2013 is to achieve diluted earnings per share in the range of $2.25 to $2.41 per share.