Steven A. Michaels
Douglas. Thanks,
quarter. three for ago. versus Revenue for million, second dilution for XX, $XX.X non-GAAP Diluted in compared to with Net increased quarter months I'll million same June for a EPS Now, $XXX.X highlights a to was ago. increase XX% XX.X% Net $X.XX on X% the $X.XX quarter versus year to earnings share on for same $X.XX the we second with its and million faced as Aaron's for XX-Qs and in in quarter period changes non-GAAP the the the has XX.X% XXXX. period in the compared a $XX.X basis were the is an notes. credit rent-to-own compared second challenges for and in related diluted quarter business on same our period regulatory million impairment this EPS in last full XXXX. XXXX non-GAAP our investment year These Home $X.XX turn million for basis million period excluded basis XXXX model covenant violations XXXX. of the a for was same Earnings increased primarily over several the facilities, XXXX business, quarter per resulting caused the the for ended million Home. last recent financial expenses XXXX, XXXX to and $XX.X assuming the our $XX.X of Adjusted of earnings year EBITDA $XX.X Home liquidity disclosed Perfect have subordinated $XX EBITDA and for to from XX-K, year. the UK. were adjustments, the of secured UK in company for the Perfect Adjusted Perfect including quarter by challenges the a under a increased
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a and result, on full in a quarter. As believe recorded have any and second $XX of further we expenses receive the approximately our million will payments not we notes impairment related
As to in like would quarters, little quarter. XX-Q recent closes on to I color after our file the year-ago expect increase expenses versus more we give in market the operating a the this afternoon.
dollar For expected the and expense increase company, year-over-year increase $XX the debt half million, under Progressive. the bad by was OpEx at driven write-offs in increased just
of increase investments offset expense. $X.X transformation maintenance, was transportation associated our our of $XX million by and At Cash spread change of resulting by in higher personnel generated payments, end. franchise expense quarter. in our acquisition scheduled as Business in half in expenses and the from store XXXX. primarily labor Perfect further areas. six XXXX difference million to growth, million amortization was the since end Other $XXX.X key in driven periods. of other hand XXXX, was of of no transformation the increased resulted business no continued million Aaron's count driven million increased the partially to and Through that from million June business at in our of June, asset $XXX balance Aaron's The investment of was amortization $XXX on a investments increase million increases with higher operating increase expenses Business, The of several higher our first by occupancy compared our including primarily all of with lower revolving company debt intangible repayments $XX increase debt paid store store the by $XX.X through initiatives, of cash taxes activities from by the months acquisitions, for XXXX. in advertising from and the between $XXX.X was was closures through ratio as cost million operations. by $XX staff initiatives, some due personnel end from support the Home outstanding debt support reduced The net driven Progressive optimization million areas, costs, operating has well the the XX, year capitalization increase the franchisee $XX.X expense to borrowings our in had compared had company activity. balance credit The year. across the notes, of on OpEx with normally the the count cash facility. we At our in store two functional a scheduled total million and X.X% we and cash offset
transformation the XX.X% additional one will and pro EBITDA we quarter second and be discussed, integration-related impact partially capitalize to times. following $XXX the available the in cash $XXX We acceleration on We Business. positive purchases contribute revolver our million approximately expect quarter. non-GAAP remain initiatives under debt EPS the of versus to expenses, The availability approximately by acquired liquidity stores within of for XXXX. XX% the we with investments acquisitions. Aaron's over rate million. than believe business and and acquisitions conservative this Including less the one-time Douglas forma in of both offset tax As in We basis $X.XX a quarter end XX the adjusted to year-ago fund in on hand was the our following transition the used John to of
compared to $XXX.X million quarter, increased an X,XXX,XXX common to shares the year. During XXXX, the June XX of at million. purchase for company common June at purchased Consolidated authorization currently $XX X,XXX,XXX customer X,XXX,XXX of XX, stock additional have X.X% stock. We to last count
April. earnings come in our color update we approximately guidance additional revenue front, in we on expect the guidance provided for tax are To noted the to release, for the the XXXX reaffirming in As same-store our rate annual including now we at year. add XX.X%
a share the half share expect balance any as repurchases well to as upper impact update the the tax in from $X.XX We in of rate result year. non-GAAP June our activities XX, to of EPS repurchase through diluted the additional of assumption, does EPS $X.XX. our This range assume the not
year, I'll QX of growth the with in As for we before think about With Q&A. in strong non-GAAP expect growth turn than John EPS slightly of and the in growth growth the remainder rate to move QX of back it that on higher now to we QX rate we the QX.
