QualityStocks'  Instablog

Send Message
QualityStocks (www.qualitystocks.net) assists publicly traded companies by getting their story out to the investment community while helping investors discover emerging companies with plenty of growth potential. Our name, QualityStocks, emphasizes our commitment to connect subscribers with... More
My company:
My blog:
QualityStocks Micro-Cap and Small-Cap Blog
  • Conn’s, Inc. (CONN) Reports Financial Results for First Quarter of Fiscal 2011 0 comments
    May 27, 2011 11:28 AM | about stocks: CONN

    Conn’s, Inc. reported year over year declines in sales and net income in the first quarter of fiscal 2012, as the company continued to see weak results in its retail and credit segments.

    Conn’s, Inc. reported sales of $189.3 million in the quarter ending 4/30/2011, compared to sales of $197.9 million in the same quarter last year. The company also saw a decline in net income, which came in at $4.0 million, or $0.13 per diluted share, compared to net income of $5.8 million, or $0.26 per diluted share, in the first quarter of fiscal 2011.
    The management of Conn’s, Inc. said that same store sales fell by 3.9% in the quarter, as the company saw lower sales in the home office, appliance and consumer electronics product lines.

    Conn’s, Inc. experienced an increase in sales volumes in the furniture and mattress category and had retail gross margins of 28.4% in the most recent quarter compared to 28.1% in the first quarter of fiscal 2011.

    In the Credit segment, Conn’s, Inc. saw a decline in the total portfolio balance leading to lower interest earned during the quarter. The company also saw an increase in the cost of borrowing during the quarter due to a recent refinancing at the end of fiscal 2011.

    For more information on the company, go to conns.com

    Please see disclaimer on QualityStocks website: disclaimer.qualitystocks.net

    Stocks: CONN
Back To QualityStocks' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.