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Financial results

By Furniture Today Staff -- Furniture Today, May 15, 2005

Earnings per share are fully diluted, and all figures in parentheses are losses or declines.

Aaron Rents
Quarter ended 3/31	2005	2004	Change
(a) Includes non-rental revenues of $70.2 million in the 2005 quarter and $70.1 million in the 2004 quarter. (b) Revenues minus cost of sales, operating expenses and depreciation of rental merchandise. (c) Based on average shares outstanding of 50.7 million in the 2005 quarter and 50.3 million in the 2004 quarter.
Revenues (a)	$279,348,000	$242,493,000	15.2%
Operating income (b)	31,218,000	21,914,000	42.5%
Net income	18,422,000	12,817,000	43.7%
Earnings per share (c)	0.36	0.26	38.5%

Easyhome (a)
Quarter ended 3/31	2005	2004	Change
(a) In Canadian dollars. (b) Includes non-rental revenues of C$3.9 million in the 2005 quarter and C$3.3 million in the 2004 quarter. (c) Revenues minus salaries and benefits, selling, general and administrative expenses, occupancy costs, automotive and travel and amortization of rental assets.
Revenues (b)	C$23,991,000	C$20,882,000	14.9%
Operating income (c)	3,151,000	2,876,000	9.6%
Net income	1,689,000	1,539,000	9.7%
Earnings per share	0.25	0.23	8.7%

Rent-A-Center
Quarter ended 3/31	2005	2004	Change
(a) Includes non-rental revenues of $82.2 million in the 2005 quarter and $81.1 million in the 2004 quarter. (b) Revenues minus direct store expenses and franchise operation expenses. (c) Includes an $8 million pretax gain on a litigation reversion. (d) Based on average shares outstanding of 76.1 million in the 2005 quarter and 82.9 million in the 2004 quarter.
Revenues (a)	$601,855,000	$585,380,000	2.8%
Operating income (b)	80,289,000	95,147,000	(15.6%)
Net income	(c)47,669,000	52,209,000	(8.7%)
Earnings per share (d)	0.63	0.63	0.0%

Rent-Way
Quarter ended 3/31	2005	(a)2004	Change
(a) Restated. (b) Includes non-rental revenues of $22 million in the 2005 quarter, $24.1 million in the 2004 quarter, $42.4 million in the 2005 six months and $45.2 million in the 2004 six months. (c) Revenues minus depreciation and amortization of rental merchandise, cost of prepaid phone service, salaries and wages, advertising, occupancy and other operating expenses. (d) After preferred dividends of $534,000 in the 2005 quarter, $403,000 in the 2004 quarter, $1.1 million in the 2005 six months and $798,000 in the 2004 six months; includes net losses from discontinued operations of $53,000 in the 2005 quarter, $437,000 in the 2004 quarter, $181,000 in the 2005 six months and $1.7 million in the 2004 six months. The 2004 six months also includes a $48,000 pretax restructuring charge. (e) based on average shares outstanding of 29.99 million in the 2005 quarter, 30.03 million in the 2004 quarter, 26.73 million in the 2005 six months and 26.12 million in the 2004 six months.
Revenues (b)	$136,198,000	$135,323,000	0.6%
Operating income (c)	18,231,000	19,223,000	(5.2%)
Net income (d)	5,775,000	6,155,000	(6.2%)
Earnings per share (e)	0.19	0.22	(13.6%)
6 months ended 3/31	(a)2005	(a)2004	Change
Revenues (b)	$262,495,000	$258,506,000	1.5%
Operating income (c)	33,932,000	31,907,000	6.3%
Net income (d)	6,274,000	(421,000)	—
Earnings per share (e)	0.23	(0.02)	—

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