Reuters logo
BRIEF-Conn's Inc provides business update post Hurricane Harvey and third quarter guidance
October 23, 2017 / 9:33 PM / 2 months ago

BRIEF-Conn's Inc provides business update post Hurricane Harvey and third quarter guidance

Oct 24 (Reuters) - Conn’s Inc

* Conn’s Inc provides business update post Hurricane Harvey and third quarter guidance

* Conn’s Inc - ‍same store sales during Aug, Sept affected by approximately 100 lost selling days and reduced traffic associated with Hurricane Harvey​

* Conn’s Inc - ‍finance charges and other revenues for Q3 of fiscal year 2018 are expected to be between $80 million and $83 million​

* Conn’s Inc - ‍company expects same store sales for Q3 of fiscal year 2018 to be down 5.0 pct to 9.0 pct​

* Conn’s Inc - ‍for Q3 of fiscal year 2018 company anticipates retail gross margin to be between 39.0 pct and 39.5 pct​

* Conn’s Inc - ‍SG&A expenses for Q3 of fiscal year 2018 will include approximately $1.5 million of one-time hurricane related costs​

* Conn’s Inc - ‍provision for bad debts for Q3 of fiscal year 2018 is expected to be between $56.0 million and $61.0 million​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below