Conn's (CONN) reports same-store sales rose 15.2% in FQ1.
Furniture and mattress sales increased 64.7% as the company's shift in strategy away from electronics paid off. The category now accounts for 29.2% of all of Conn's sales, compared to 23.5% a year ago.
Retail gross margin +110 bps to 41.4%.
The company sees FY15 comps rising in a 5% to 10% range.
CONN +7.1% premarket