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CONN

Conn's, Inc.

5/20/2013, 9:28 AM ET

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Wednesday, April 24, 7:01 AM Oppenheimer initiates coverage on Conn's (CONN) with an Outperform rating as the retailer's transition away from electronics to selling appliances and furniture starts to pay off on its bottom line. Though it still has a long way to go, the company could be a textbook example of a clever turnaround while once-peer RadioShack continues to founder. 1 Comment [Consumer]
Wednesday, April 3, 9:16 AM Shares of Conn's (CONN) shoot up 13.2% in premarket trading after the retailer's plan to move away from electronics to sell more furniture and appliances starts to add to its bottom line. The company also lifted its FY14 EPS guidance to above consensus estimates. RadioShack (RSH), are you listening? 1 Comment [Consumer, On the Move]
Wednesday, April 3, 9:10 AM Premarket gainers: CALL +14%. CONN +10%. ZNGA +10%. ASTX +10%. UNXL +9%. AWRE +9%. OMPI +9%. NVAX +9%. ALXA +8%. MHR +7%. NFX +6%.
Losers: MSPD -19%. GPN -7%. 3 Comments [On the Move]
Wednesday, April 3, 7:13 AM More on Conn's (CONN) FQ1: The retailer reports same-store sales rose 7% during the quarter as its transformation away from electronics starts to take hold. Retail gross margin rose 720 bps to 36.9% as a focus on appliances, mattresses, and furniture helped improve profitability. The company sees FY14 EPS of $2.40-$2.50. (PR) Comment! [Consumer, Earnings]
Wednesday, April 3, 7:06 AM Conns (CONN): FQ1 EPS of $0.54 misses by $0.01. Revenue of $250.3M (+10.4% Y/Y) beats by $3.39M. (PR) Comment! [Earnings, Breaking News]
Wednesday, March 13, 8:44 AM More on Retail Sales: Two months into the year and retail categories look reasonably strong compared to estimates with the exception of electronics (BBY, RSH, CONN) and department stores (JWN, M, DDS, SHLD, KSS) which are running below last year's pace of sales. Improved results in the automobile and sporting goods categories (guns) were no surprise, but building material & garden (HD, LOW) looks slightly better than anticipated, according to analysts. Comment! [U.S. Economy, Consumer]
Thursday, February 7, 9:59 AM A tale of two big-box retailers: After bearing the brunt of the Amazon Effect, Conn's (CONN +1.2%) and Best Buy (BBY -0.8%) took different approaches to their transformation. Conn's decided to move toward a focus on selling furniture, refrigerators, and other higher-margin items while Best Buy starting pumping its services and mobile business. Over the last six months, it's been a period of falling same-store sales at Best Buy while Conn's has managed to make gains. Same thing with share price: BBY -20.3% vs. CONN +43%. 4 Comments [Consumer]
Thursday, February 7, 9:50 AM Shares of Conn's (CONN +2.6%) straighten themselves out after a premarket post-earnings stumble. Another factor in play, a spanking-new SEC filing (13G) shows St. Denis J. Villere & Company now holds a 6.86% position in the retailer. Comment! [Consumer, On the Move]
Thursday, February 7, 8:21 AM Shares of Conn's (CONN) fall 4.5% in premarket trading after the company reports a mixed bag with its Q4 report. The company says same store sales increased 7% even though it saw a harrowing 11% drop in the same-store sales of consumer electronics. As part of its transition, the retailer saw furniture unit sales rise 35.4% with the average selling price in the segment up 17.8%. (PR) Comment! [Consumer, On the Move]
Thursday, January 10, 12:59 PM Electrics retailers move higher with shares of hhgregg (HGG +10.6%) reaching their highest level in close than a month while Conn's (CONN +1.1%) and Best Buy (BBY +4.5%) post more moderate gains. Indications Richard Schulze is still pushing due diligence forward for a Best Buy takeover and the ability of Supervalu to finalize its own sale of assets helped raised the profile of the group, according to traders. Comment! [Consumer, On the Move]
Wednesday, December 19, 2012, 12:27 PM ShopperTrak cuts its forecast for holiday sales in the U.S. to 2.5%, down from an earlier projection of 3.3% for the period. The data tracking group suggests the wind is out of the sail of retail since Black Friday. Retailers still hold out some hope that online shopping for December will beat estimates to narrow the gap, although that trend will favor mainly larger companies such as Amazon (AMZN -0.8%), Wal-Mart (WMT -0.4%), and Target (TGT -0.4%) - while leaving dollar stores (DG, DLTR, FDO) and electronics sellers (BBY, RSH, CONN) pinched. Comment! [Consumer]
Thursday, December 13, 2012, 10:37 AM RadioShack (RSH +3.6%), hhgregg (HGG +2.6%), and Conn's (CONN +1.6%) trade higher as the reality that a struggling big box retailer can attract a buyer helps buoy sentiment a bit. The three haven't attracted M&A buzz of note, but shares tend to get pulled by gravity when Best Buy moves. Comment! [Consumer, On the Move]
Friday, December 7, 2012, 8:00 AM Conn's (CONN) increases its public offering of shares to 5.5M shares and prices the lot at $26.75. The retailer says it will use the proceeds of the offering to repay debt. Comment! [Consumer]
Monday, December 3, 2012, 8:11 AM More on Conn's (CONN): Sames store sales up 12.6% Y/Y with strong demand for furniture and mattress products helping lead the charge. For the full year, the retailer expects sames store sales growth of 13% to 16% and EPS of $2.05-$2.15 vs. $1.90 consensus. Shares +6.3% premarket. (PR) Comment! [Consumer]
Monday, December 3, 2012, 8:03 AM Conn's (CONN): Q3 EPS of $0.35 beats by $0.07. Revenue of $206.4M (+10.6% Y/Y) beats by $7M. Shares +1.7% premarket. (PR) Comment! [Earnings, On the Move]
Tuesday, November 20, 2012, 12:58 PM Big box busts: RadioShack (RSH -3%), hhgregg (HGG -1.7%), and Conn's (CONN -1%) trades lower after Best Buy sets the bar even lower in the sector with broad sales declines and decreasing margins pressuring cash flow. The firms have put in a spirited effort to turn things around with mobile initiatives and an increased focus on online channels, but the math is working against them with square footage costs a heavy load to bear. Comment! [Consumer, On the Move]