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Conn's Inc (CONN.OQ)

CONN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Conn's Reports Q3 Earnings Per Share $0.05
Thursday, 7 Dec 2017 06:00am EST 

Dec 7 (Reuters) - Conn's Inc ::CONN'S, INC. REPORTS THIRD QUARTER FISCAL YEAR 2018 FINANCIAL RESULTS.Q3 EARNINGS PER SHARE $0.05.Q3 EARNINGS PER SHARE VIEW $0.04 -- THOMSON REUTERS I/B/E/S.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.18 EXCLUDING ITEMS.SEES ‍CHANGE IN SAME STORE SALES DOWN MID SINGLE DIGITS FOR Q4 OF FISCAL YEAR 2018​.SEES ‍Q4 PROVISION FOR BAD DEBTS BETWEEN $55.0 MILLION AND $59.5 MILLION​.- FOR Q4 OF FISCAL 2018, SEES RETAIL GROSS MARGIN BETWEEN 39.0% AND 39.5% OF TOTAL RETAIL NET SALES.SEES ‍Q4 FINANCE CHARGES AND OTHER REVENUES BETWEEN $86.0 MILLION AND $90.0 MILLION​.- QTRLY TOTAL REVENUE $373.2 MILLION VERSUS $376.8 MILLION.  Full Article

Conn's Inc provides business update post Hurricane Harvey and third quarter guidance
Monday, 23 Oct 2017 05:24pm EDT 

Oct 24 (Reuters) - Conn's Inc :Conn's Inc provides business update post Hurricane Harvey and third quarter guidance.Conn's Inc - ‍same store sales during Aug, Sept affected by approximately 100 lost selling days and reduced traffic associated with Hurricane Harvey​.Conn's Inc - ‍finance charges and other revenues for Q3 of fiscal year 2018 are expected to be between $80 million and $83 million​.Conn's Inc - ‍company expects same store sales for Q3 of fiscal year 2018 to be down 5.0 pct to 9.0 pct​.Conn's Inc - ‍for Q3 of fiscal year 2018 company anticipates retail gross margin to be between 39.0 pct and 39.5 pct​.Conn's Inc - ‍SG&A expenses for Q3 of fiscal year 2018 will include approximately $1.5 million of one-time hurricane related costs​.Conn's Inc - ‍provision for bad debts for Q3 of fiscal year 2018 is expected to be between $56.0 million and $61.0 million​.  Full Article

Conn's Inc Q2 earnings per share $0.14
Thursday, 7 Sep 2017 06:00am EDT 

Sept 7 (Reuters) - Conn's Inc :Conn's Inc reports second quarter fiscal year 2018 financial results.Q2 earnings per share $0.14.Q2 earnings per share view $-0.02 -- Thomson Reuters I/B/E/S.Q2 adjusted non-GAAP earnings per share $0.26 excluding items.Qtrly ‍total net sales $286.4 million versus $332.0 million.Because of near-term uncertainty Harvey has created, Conn's will not provide specific financial guidance for Q3.Hurricane Harvey caused Conn's to close 23 stores​.Says in total, Conn's lost approximately 100 selling days as a result of storm.Company does not intend to open any additional stores in fiscal year 2018.Over near term, retail sales will be impacted by loss of selling days associated with store closures.Q2 revenue view $371.9 million -- Thomson Reuters I/B/E/S.Decrease in qtrly same store sales of 15.1 percent​.  Full Article

Conn's Inc closes 23 stores​ ‍as a result of Hurricane Harvey
Friday, 1 Sep 2017 10:15am EDT 

Sept 1 (Reuters) - Conn's Inc :As a result of Hurricane Harvey and unprecedented levels of rain and flooding, Conn's has closed 23 stores​.All but two stores are now open for business​.‍As a result of Hurricane Harvey closed distribution, service centers in Beaumont and Houston, as well as its Beaumont corporate office.The company also reopened its Beaumont corporate office, and distribution and service centers​.Conn's has currently lost approximately 100 store-days between August 25, 2017 and September 1, 2017.  Full Article

Point72 Asset Management reports 5.3 percent passive stake in Conn's Inc
Friday, 23 Jun 2017 04:40pm EDT 

June 23 (Reuters) - Conn's Inc :Point72 Asset Management L.P. reports 5.3 percent passive stake in Conn's Inc as of June 22, 2017 - SEC filing.  Full Article

Conn's reports Q1 loss per share $0.08
Tuesday, 6 Jun 2017 06:00am EDT 

June 6 (Reuters) - Conn's Inc -:Conn's, Inc. reports first quarter fiscal 2018 financial results.Q1 adjusted non-gaap loss per share $0.05 excluding items.Q1 loss per share $0.08.Q1 earnings per share view $-0.22 -- Thomson Reuters I/B/E/S.Conn's Inc qtrly total net sales $279.2 million versus $318.5 million.Conn's Inc says Conn's continues to expect annual profitability in fiscal 2018.Conn's Inc sees FY change in same store sales down between 12.0% and 15.0%;.Conn's Inc sees FY retail gross margin between 37.75% and 38.25% of total retail net sales.  Full Article

Conn's reports Q4 non-GAAP earnings per share $0.05 excluding items
Tuesday, 4 Apr 2017 06:00am EDT 

Conn's Inc : Conn's, Inc. reports fourth quarter fiscal 2017 financial results . Q4 adjusted non-GAAP earnings per share $0.05 excluding items . Q4 earnings per share $0.00 . Q4 earnings per share view $-0.09 -- Thomson Reuters I/B/E/S . Conn's Inc - qtrly total revenues $432.8 million versus $456.8 million . Q4 revenue view $431.1 million -- Thomson Reuters I/B/E/S . Conn's Inc - expects to return to full year profitability in fiscal 2018 . Conn's Inc - sees Q1 2018 change in same store sales down mid-teens . Sees Q1 retail gross margin between 37.5 percent and 38 percent of total net retail sales .Conn's Inc - sees Q1 2018 finance charges and other revenues between $74.0 million and $78.0 million.  Full Article

Conn's says has formed partnership with Aaron's Inc subsidiary Progressive Leasing
Monday, 3 Apr 2017 07:00am EDT 

Conn's Inc : Conn's Inc says has formed a partnership with progressive leasing, a subsidiary of Aaron's, Inc . Conn's Inc says has entered into an exclusive three-year agreement with progressive leasing to offer its customers progressive's lease-to-own program .Conn's inc says expect to have progressive leasing program available in certain stores starting in may with a full rollout in early June 2017.  Full Article

Conn's posts Q3 adj. loss per share $0.08
Tuesday, 6 Dec 2016 06:00am EST 

Conn's Inc : Conn's Inc reports third quarter fiscal 2017 financial results . Q3 adjusted non-GAAP loss per share $0.08 excluding items . Q3 loss per share $0.12 . November same store sales fell 8 percent . Q3 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S . Sees retail gross margin between 37.0 pct and 37.5 pct of total net sales for Q4 2017 . Conn's - for Q4 of fiscal 2017, sees credit segment finance charges, other revenues between 18.75 pct and 19.25 pct of average total customer portfolio balance . Sees change in same store sales down approximately 10.0 pct for Q4 2017 . Conn's Inc - for November, same store sales were down approximately 8 pct, primarily as a result of recent underwriting refinements .Qtrly total revenues $308.4 million versus $323.1 million.  Full Article

Conn's Inc announces closing of sale of class C notes from March 2016 securitization transaction
Thursday, 13 Oct 2016 06:00am EDT 

Conn's Inc : Conn's, Inc. Announces closing of sale of class C notes from March 2016 securitization transaction . Conn's Inc - face amount of class C notes sold is approximately $70.5 million . Conn's Inc - Conn's received upfront proceeds with respect to notes of approximately $71.5 million, net of transaction costs . Conn's Inc - class C notes were issued with a 12% coupon rate .Conn's Inc- residual equity will continue to be retained by an affiliate of company.  Full Article

BRIEF-Conn's Inc Says Entered Into Agreement To Securitize Aggregate Of $669.3 Mln Of Consumer Receivables

* CONN'S- ‍ANNOUNCED THAT IT HAS ENTERED INTO AN AGREEMENT TO SECURITIZE AN AGGREGATE OF $669.3 MILLION OF CONSUMER RECEIVABLES Source text for Eikon: Further company coverage: