Conn's, Inc. (CONN) - NASDAQ
  • Fri, Jan. 8, 5:42 PM
    | Fri, Jan. 8, 5:42 PM | 1 Comment
  • Thu, Jan. 7, 7:29 AM
    • Conn's (NASDAQ:CONN) announces sales increased 2.5% Y/Y to $137.5M in December.
    • Same-store sales were off 5.6% during the month, driven lower by a 20.5% decline in the consumer electronic comp. Furniture/mattress same-store sales were up 13.9%, despite an increase in promotional activity.
    • The company's 60-day delinquency rate fell 20 bp M/M to 9.9%.
    • Conn's is one of the first retail chains to cite weak demand in oil industry markets.
    | Thu, Jan. 7, 7:29 AM
  • Dec. 8, 2015, 6:18 AM
    • Conn's (NASDAQ:CONN) reports same-store sales rose 3.8% in Q3.
    • Net sales by category: Furniture and mattress: $105.74M (+21.8%); Home appliance: $86.43M (+4.4%); Consumer electronics: $70.26M (-4.7%); Home office: $26.11M (-8%); Other: $4.58M (-28.5%); Repair service agreement commissions: $26.04M (+12.9%); Service revenues: $3.47M (+1.8%).
    • Credit revenue rose 11.2% to $72.2M.
    • Furniture unit volume increased 28.7% & mattress unit volume grew 31.2%.
    • Home appliance unit volume +4.8%.
    • Consumer electronic unit volume declined 11.7%.
    • Home office unit volume decreased 14.3%.
    • Retail gross margin increased 90 bps to 41.5%.
    • Adjusted retail operating margin down 60 bps to 11.9%.
    • Retail store count +12 Y/Y to 101.
    • FY2016 Guidance: Same-store sales: flat to up low single digits; Retail gross margin rate: 40.5% to 41.5%; New stores: ~15.
    | Dec. 8, 2015, 6:18 AM
  • Dec. 8, 2015, 6:02 AM
    • Conn's (NASDAQ:CONN): Q3 EPS of $0.02 may not be comparable to consensus of $0.24.
    • Revenue of $395.23M (+6.8% Y/Y) misses by $6.47M.
    | Dec. 8, 2015, 6:02 AM
  • Dec. 7, 2015, 5:30 PM
  • Dec. 1, 2015, 7:18 AM
    • Stifel Nicolaus upgrades Conn's (NASDAQ:CONN) to a Buy rating from Hold rating.
    • Shares of Conn's are up 3.5% premarket to $27.60.
    | Dec. 1, 2015, 7:18 AM
  • Nov. 19, 2015, 9:46 AM
    • Weak guidance from Best Buy isn't going unnoticed by investors of Conn's (CONN -2%) and hhgregg (HGG -3.6%).
    • Office Depot and Staples (SPLS -3.1%) are also lower on concerns over electronics sales.
    • The retail sector in general has been very skittish this earnings season, despite some upside surprises.
    • Over the last 30 days, the S&P Retail ETF (NYSEARCA:XRT) is down 6%, while the S&P 500 Index is up 3%.
    • Retail ETFs: XLY, VCR, RTH, RETL, IYK, FXD, FDIS, RCD, PMR, UGE, SZK, BITE
    • Previously: Best Buy slides after holiday guidance disappoints (Nov. 19 2015)
    | Nov. 19, 2015, 9:46 AM | 2 Comments
  • Nov. 5, 2015, 7:38 AM
    • Conn's (NASDAQ:CONN) reports same-store sales were flat in Q3 after dropping 2% in October.
    • The comp for the furniture and mattress category was +11.6% to help offset large falls in consumer electronic and home office.
    • The company's +60-day delinquency rate increased 20 bps Y/Y to 10.2%.
    • Total sales in Q3 were up 6% to $323M.
    | Nov. 5, 2015, 7:38 AM
  • Nov. 2, 2015, 12:05 PM
    • Conn's (NASDAQ:CONN) is solidly higher after announcing a series of credit facility moves.
    • One of the amended terms allows for an increase in the maximum total leverage ratio covenant.
    • CONN +11.54% to $21.16.
    • SEC Form 8-K
    | Nov. 2, 2015, 12:05 PM | 1 Comment
  • Oct. 23, 2015, 10:11 AM
    • Conn's (NASDAQ:CONN) is up 8.84% in early trading.
    • The company announced a consent solicitation for a senior note issue in hopes of landing more favorable terms.
    • SEC Form 8-K
    | Oct. 23, 2015, 10:11 AM | 1 Comment
  • Oct. 20, 2015, 10:55 AM
    • Shares of Conn's (CONN +5.4%) are higher on moderate volume to break out of the post-Walmart guidance cut slump which has afflicted most of retail.
    • A minor amount of insider buying was reported by the company last night in a SEC filing.
    • SEC Form 4
    | Oct. 20, 2015, 10:55 AM
  • Oct. 13, 2015, 10:54 AM
    • ICSC forecasts holiday retail sales will increase 3.3%. The mark is lower than the estimates from the NRF (+3.7%) and FTI Consulting (+3.9%).
    • The research firm sees the furniture/home furnishings category (BSET, PIR, WSM, ETH, KIRK, HOFT, RH, KIRK) leading the way with sales growth of 4.9%.
    • The estimates for the electronics and appliance stores category (BBY, CONN, HGG, WHR) is on the sluggish end with an 1.1% gain seen.
    • The average yearly gain in holiday retail sales over the last ten years is +1.8%.
    | Oct. 13, 2015, 10:54 AM
  • Oct. 8, 2015, 7:44 AM
    • Conn's (NASDAQ:CONN) reports sales rose 7.8% to $110.8M in September.
    • Same-store sales were up 1.8% during the month, led by a 15.7% pop in the furniture and mattress category comp. Home office sale were down 11.2% on the comparison basis.
    • The company says its 60-day delinquency rate rose 20 bps to 9.9%.
    | Oct. 8, 2015, 7:44 AM | 2 Comments
  • Sep. 25, 2015, 1:42 PM
    • Store growth is still the plan at Conn's (CONN -3.4%).
    • The company will open its 100th store next month and sees opening 20 new stores by the start of the next fiscal year.
    • Conn's is repositioning its business under new CEO Norman Miller with an eyes on its elevated delinquency rate.
    | Sep. 25, 2015, 1:42 PM | 2 Comments
  • Sep. 9, 2015, 12:40 PM
    • Conn's (CONN -0.9%) names Norman Miller to be the company's new CEO.
    • Miller, a former President at both Sears Automotive and DFC Global, will succeed Theodore Wright who will stay on the board as executive chairman.
    • The retailer also decided to securitize $1.4B in consumer debt.
    • Shares of Conn's have retreated from earlier gains on volume already 4X normal activity.
    • Previously: Conn's EPS and revenue in-line (Sep. 09 2015)
    • Previously: More on Conn's Q2 (Sep. 09 2015)
    | Sep. 9, 2015, 12:40 PM
  • Sep. 9, 2015, 9:17 AM
    | Sep. 9, 2015, 9:17 AM | 6 Comments
Company Description
Conn's, Inc. operates as a retail company that offers durable consumer goods and related services in addition to a proprietary credit solution for its core credit constrained consumers. The company operates its business through retail stores and website. Its product offerings include home... More
Sector: Services
Industry: Electronics Stores
Country: United States