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Aaron Rents -- and Keeps Growing
By Stephen D. Simpson, CFA
July 28, 2005

Isn't it funny how high gas prices can hurt one retailer but don't seem to bother another? While Rent-A-Center (Nasdaq: RCII) has spent the past few years blaming external factors for sliding same-store sales, Aaron Rents (NYSE: RNT) simply delivers the growth.

Second-quarter results were certainly worth owning. Excluding certain non-operating items, revenue climbed 20% and earnings grew 31%. Rentals and fees were up 21%, and franchise royalties and fees were up 27%. Underpinning all of this, same-store sales were up 7.3% in the quarter...
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