Conn's, Inc.
 (CONN)

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  • Thu, Jan. 28, 11:31 AM
    • The electronic store sector is lower after Hhgregg posted a loss of almost $27M in FQ3.
    • The company's 35% drop in comparable sales on computers and tablets stood out. Appliance sale also fell off.
    • HHgregg (NYSE:HGG) is down 2.2%, while Conn's (NASDAQ:CONN) and Best Buy are both 0.6% lower.
    • On a side note, Circuit City is making an unexpected comeback. A new store is opening in Dallas this June and another 50 to 100 boutique shops are slated to follow.
    • Previously: hhgregg beats by $0.02, revenue in-line (Jan. 28 2016)
    | Thu, Jan. 28, 11:31 AM | 4 Comments
  • Fri, Jan. 8, 5:42 PM
    | Fri, Jan. 8, 5:42 PM | 1 Comment
  • 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. 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. 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
  • 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
  • Sep. 9, 2015, 6:52 AM
    • Conn's (NASDAQ:CONN) reports same-store sales rose 3.1% in Q2.
    • Net sales by category: Furniture and mattress: $98.88M (+21.5%); Home appliance: $97.26M (+15.3%); Consumer electronics: $69.68M (+1.1%); Home office: $22.94M (-4.7%); Other: $4.98M (-8.4%); Repair service agreement commissions: $27.76M (+33.9%); Service revenues: $3.45M (+2%).
    • Credit revenue expanded 9.5% to $70.45M.
    • Furniture unit volume grew 28.3% & mattress unit volume +26.7%.
    • Home appliance unit volume increased 21.2%.
    • Consumer electronic unit volume dropped 13.7%.
    • Home office unit volume fell 15.2%.
    • Retail gross margin increased 100 bps to 41.8%.
    • Adjusted retail operating margin +180 bps to 14.2%.
    • Retail store count +9 Y/Y to 95.
    • FY2016 Guidance: Same-store sales: flat to up low single digits; Retail gross margin rate: 40.5% to 41.5%; New stores: 15 to 18.
    | Sep. 9, 2015, 6:52 AM
  • Jun. 2, 2015, 1:17 PM
    • Retail chain stocks are putting in some strong gains despite a soft read earlier in the day from Redbook on sales.
    • PVH issued a strong report last night which helped push the sector in the right direction, but there also appears to be some speculative buying on some names in the sector after Macy's was reported to be under pressure to explore REIT options.
    • Previously: Macy's hearing from hedge funds on real estate assets
    • Gainers: Guess (NYSE:GES) +5.1%, Tilly's (NYSE:TLYS) +4.4%, Abercrombie & Fitch (NYSE:ANF) +5.7%, Kohl's (NYSE:KSS) +1.6%, J.C. Penney (NYSE:JCP) +2.9%, Bon-Ton Stores (NASDAQ:BONT) +4.6%, Stein Mart (NASDAQ:SMRT) +2.7%, Sears Hometown and Outlet Stores (NASDAQ:SHOS) +2.4%, Conn's (NASDAQ:CONN) +5.8%, Best Buy (NYSE:BBY) +1.7%, hhgregg (NYSE:HGG) +2.8%.
    | Jun. 2, 2015, 1:17 PM | 11 Comments
  • Jun. 2, 2015, 7:46 AM
    • Conn's (NASDAQ:CONN) reports same-store sales decrease 4.3% in Q1,
    • Net sales by category: Furniture and mattress: $89.50M (+10.6%); Home appliance: $84.10M (+9.1%); Consumer electronics: $71.43M (+7.5%); Home office: $21.99M (-8.2%); Other: $4.61M (-21%); Repair service agreement commissions: $23.8M (+17.5%); Service revenues: $3.06M (-3.1%).
    • Credit revenue +15.9% to $66.4M during the quarter.
    • Furniture unit volume increased 12.4% & mattress unit volume grew 17.3%.
    • Home appliance unit volume increased 13.3%.
    • Retail gross margin -10 bps to 41.3%.
    • Adjusted retail operating margin +30 bps to 14.5%.
    • FY2016 Guidance: Same-store sales: flat to up low single digits; Retail gross margin rate: 40% to 41%; New stores: 15 to 18.
    • CONN +2.28% premarket.
    | Jun. 2, 2015, 7:46 AM | 3 Comments
  • May 22, 2015, 9:28 AM
    • Oppenheimer slots Conn's (NASDAQ:CONN) at Perform after having the retailer previously set at Outperform.
    • The investment firm based its action on valuation after watching shares of Conn's more than double from their December lows.
    • CONN -1.52% premarket to $39.49.
    | May 22, 2015, 9:28 AM
  • Mar. 31, 2015, 1:21 PM
    • Conn's (CONN +12.1%) trades higher after reporting earnings and disclosing it's considering a sale of its loan portfolio.
    • Execs talked about the deal during the earnings call, saying the company still plans to originate and underwrite loans.
    • Underwriting changes by the company will impact comps going forward.
    • Appliances, furniture, and mattresses are categories where comp growth can stay positive, maintains management.
    • Conn's earnings call webcast
    • Previously: Conn's EPS of $0.42
    • Previously: Conn's reports 1.3% comp, guides for margin improvement
    | Mar. 31, 2015, 1:21 PM
  • Mar. 31, 2015, 12:45 PM
    | Mar. 31, 2015, 12:45 PM
Company Description
Conn's Inc is a specialty retailer of branded durable consumer goods offering products such as furniture and mattresses, home appliances, consumer electronics and home office products. It also provides consumer credit to support its customers' purchases.
Sector: Services
Country: United States