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Aaron's, Inc. (NYSE:AAN), the nation's leader in the sales and lease ownerships and specialty retailing of residential and office furniture, consumer electronics, home appliances and accessories, announced today that their revenues and earnings for the three months and year ended December 31, 2009. For the fourth quarter of 2009, revenues improved 10% to $446.3 million compared to $404.9 million for the fourth quarter in 2008. Net earnings from continuing operations improved 19% to $25.0 million versus $21.0 million last year.
"This was another outstanding quarter for us," said Robert C. Loudermilk, Jr., President and Chief Executive Officer of Aaron's. "We continue to grow as well as deliver our shareholders excellent financial results, and our view of the future remains optimistic. Our customer base needs basic home furnishings, and no matter what the economic environment we have proven that we are well positioned to fulfill these needs."
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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
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