Aarons 2003 Annual Report Download - page 12

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Charles Smithgall now owns and operates 44
Aaron’s stores with a long-term goal of 100 stores.
Charles acquired his first franchise in 1995. His
company, SEI/Aaron’s Inc., is the Company’s
largest franchisee with stores in Kentucky, Rhode
Island, Connecticut, Indiana, New York
and Massachusetts.
10
101*
106*
116*
121*
136*
194*
201*199*
209*
138*
136*
142*
155*
211*
217*
225*
232*
166*
179*
186*
193*
86*
76*
71*
61*
54*
45*
38*
36*
31*
28*
26*
24*
18* 21*
15*
13*
8*
6*
6*
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
$80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
0
*Number of Stores
1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003
($ in 000s)
240*
249*
243*
287*
Quarterly Revenues of Franchised Stores
His Aaron’s franchisee operations were the sub-
ject of a recent article in The Wall Street Journal.