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Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.
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  • Conn's Sales And Earnings Rise 0 comments
    Mar 28, 2014 10:46 AM | about stocks: CONN

    Originally published at www.seclive.com

    Filing in Focus: Conn's 10-K, March 27, 2014

    Conn's, Inc. (NASDAQ:CONN) announced its financial results for the fourth quarter and full fiscal year 2013, reporting increases in both revenue and earnings. The specialty retailer reported a quarterly same-store sales increase of 33.4% while annual same-store sales improved 26.5%. During the year, the company opened 14 new stores, eight of which were opened in the fourth quarter alone. Quarterly net sales jumped 45% from $208.4M to $301.6M while annual net sales rose from $714.3M to $993.4M. Quarterly earnings improved from $17.7M and $0.50 per share a year ago to $27.7M and $0.75 per share. Annual earnings rose from $52.6M and $1.56 per share in 2012 to $93.5M and $2.54 per share for 2013. Chairman and CEO Theodore Wright commented that its high margins in furniture and mattress, along with other segments, helped drive the company forward and expects same-store sales in 2015 to be between 5% and 10%.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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