-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E1UlrAIlSwZB0ug7a2NNmE+4Bey+nbz6bR6SfJb/tLle3cTSyyyLWACYk+ZHeXO5 FDXJ6/zvY7DPTWAjxGcxug== 0001047469-03-012382.txt : 20030408 0001047469-03-012382.hdr.sgml : 20030408 20030408161144 ACCESSION NUMBER: 0001047469-03-012382 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030407 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030408 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AARON RENTS INC CENTRAL INDEX KEY: 0000706688 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EQUIPMENT RENTAL & LEASING, NEC [7359] IRS NUMBER: 580687630 STATE OF INCORPORATION: GA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13941 FILM NUMBER: 03642825 BUSINESS ADDRESS: STREET 1: 3001 N FULTON DR NE STREET 2: 1100 AARON BLDG CITY: ATLANTA STATE: GA ZIP: 30363 BUSINESS PHONE: 4042310011 MAIL ADDRESS: STREET 1: 309 E. PACES FERRY ROAD., N.E. STREET 2: 3001 N FULTON DRIVE NE CITY: ATLANTA STATE: GA ZIP: 30305-2377 8-K 1 a2107921z8-k.htm FORM 8-K
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): April 7, 2003


AARON RENTS, INC.
(Exact name of Registrant as Specified in its Charter)

Georgia
(State or other Jurisdiction of
Incorporation or Organization)
  0-12385
(Commission File Number)
  58-0687630
(IRS Employer Identification No.)

309 E. Paces Ferry Road, NE
Atlanta, Georgia
(Address of principal executive offices)

 

30305-2377
(Zip code)

Registrant's telephone number, including area code: (404) 231-0011

Not Applicable
(Former name or former address, if changed since last report)





ITEM 7. FINANCIAL STATEMENTS, PRO FORMA INFORMATION AND EXHIBITS.

(a)
Financial Statements of Businesses Acquired.

        None.

(b)
Pro Forma Financial Information.

        None.

(c)
Exhibits.

Exhibit No.

  Description
99.1   Press Release (furnished pursuant to Item 12 of Form 8-K, under Item 9 of this Report)


ITEM 9. REGULATION FD DISCLOSURE.

        Pursuant to Exchange Act Release 47583, Aaron Rents, Inc. ("Aaron Rents") is furnishing the information required by Item 12 of Form 8-K, "Results of Operations and Financial Condition," under this Item 9.

        On April 7, 2003, Aaron Rents issued the press release furnished herewith as Exhibit 99.1 hereto.

        The information in this Report, including the Exhibit attached hereto, is furnished solely pursuant to Item 12 of this Form 8-K. Consequently, it is not deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liabilities of that section. It may only be incorporated by reference in another filing under the Exchange Act or Securities Act of 1993 if such subsequent filing specifically references this Form 8-K.

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SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

        AARON RENTS, INC.

 

 

By:

 

/s/ Gilbert L. Danielson

Gilbert L. Danielson
Executive Vice President,
Chief Financial Officer

Date: April 8, 2003

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SIGNATURES
EX-99.1 3 a2107921zex-99_1.htm EXHIBIT 99.1
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EXHIBIT 99.1

Aaron Rents, Inc. Confirms Earnings Guidance For First Quarter; Will Merge Some Sight & Sound Stores

        ATLANTA, April 7, 2003—Aaron Rents, Inc. (NYSE: RNT), the nation's leader in the rental, sales and lease ownership, and specialty retailing of residential and office furniture, consumer electronics and home appliances and accessories, today announced that revenues and earnings were on plan for the first quarter of 2003.

        "Our earnings for the first quarter are expected to be in the range of, or to slightly exceed, our previous guidance of $.38 to $.40 per diluted share," said R. Charles Loudermilk, Sr., Chairman and Chief Executive Officer of Aaron Rents, Inc. "The first quarter results are the result of the growth in revenues and earnings in our Aaron's Sales & Lease Ownership stores. We continue to expect to earn between $1.55 and $1.65 per diluted share for the full year of 2003."

        The Aaron's Sales & Lease Ownership division increased its store count during the first quarter by 20 stores, 13 Company-operated stores and eight franchised stores, bringing the total of stores open at March 31 to 665. At the end of March the Company also had 70 rent-to-rent stores open.

        "Although our sales and lease ownership business is exceeding expectations, the retail sales performance of our Sight & Sound stores remains disappointing. During the second quarter we will convert a number of our Sight & Sound stores to traditional Aaron's Sales & Lease Ownership stores, or close them and transfer the store's lease volume to an existing Aaron's store," Mr. Loudermilk added. "We still believe that offering the lease transaction in a traditional retail store has excellent potential and we are encouraged by the lease volume we have been building in the Sight & Sound stores. The retail sales environment, however, has been very difficult and we feel we can more effectively conduct this experiment with a lesser number of stores."

        The Company will announce its first quarter results for 2003 on April 28.

        Aaron Rents, Inc., based in Atlanta, currently has 735 Company-operated and franchised stores across the United States and Puerto Rico for the rental and sale of residential and office furniture, accessories, consumer electronics and household appliances. The Company also manufactures furniture, bedding and accessories at 10 facilities in four states.

        Note: Forward-looking statements in this news release are based on current expectations and are subject to risks and uncertainties, and actual results may vary materially from the expectations due to such factors as changes in general economic conditions, competition, pricing, customer demand and other issues.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this news release regarding Aaron Rents, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties and which could cause actual results to differ from those contained in the forward-looking statements. For a discussion of such risks and uncertainties see "Certain Factors Affecting Forward Looking Statements" in the Company's Annual Report on Form 10-K for fiscal 2002, which discussion is incorporated herein by this reference.





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