Aaron's provides update on impact of Hurricane Irma
Aaron's plans to continue to assist the ongoing recovery efforts related to Hurricanes Irma and Harvey. As it relates to Hurricane Irma specifically, 111 Aaron's stores in Florida, Georgia, and South Carolina were forced to close in preparation for and during the immediate aftermath of the storm, with all but one store in Florida having since reopened. In addition, a number of Progressive Leasing's retail partners in the state have experienced business interruptions. In light of the extensive damage in the areas impacted by Hurricane Irma and Harvey, it is difficult to predict when the company's operations will return to normalized levels in the affected markets. The company maintains insurance coverage for windstorm, property and flood damage and business interruption, although it is difficult to predict the amount or timing of any insurance recoveries. The company expects to be in a better position to assess the financial impact of the storms over the coming weeks.