Aaron's Sales & Lease Ownership Press Release

Aaron Rents financial results
< North America >

February 23rd, 2006


For the fourth quarter of 2005, revenues increased 22% to $296.2 million compared to $242.1 million for the fourth quarter of 2004. Net earnings for the fourth quarter increased to $14.6 million versus $13.8 million last year. Diluted earnings per share for the fourth quarter were $.29 compared to $.27 per share a year ago.

For the year, revenues increased 19% to $1.1 billion compared to $946.5 million for 2004. Net earnings for the year increased to $58.0 million versus $52.6 million last year. Diluted earnings per share were $1.14 for 2005 compared to $1.04 in 2004.

"We are pleased with our fourth quarter results and believe we are on track to continue our rapid expansion in the 2006 year," said R. Charles Loudermilk, Sr., Chairman and Chief Executive Officer of Aaron Rents. "Our intermediate term goal is to have 2,000 stores open, a combination of Company- operated and franchised stores, and feel we can achieve that in a few years."
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