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Conn's Inc (CONN.OQ)

CONN.OQ on NASDAQ Stock Exchange Global Select Market

31.00USD
17 Nov 2017
Change (% chg)

$0.40 (+1.31%)
Prev Close
$30.60
Open
$30.55
Day's High
$31.20
Day's Low
$30.05
Volume
114,312
Avg. Vol
154,612
52-wk High
$32.90
52-wk Low
$7.75

Latest Key Developments (Source: Significant Developments)

Conn's Inc provides business update post Hurricane Harvey and third quarter guidance
Tuesday, 24 Oct 2017 

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​.  Full Article

Conn's Inc announces closing of sale of class C notes from March 2016 securitization transaction
Thursday, 13 Oct 2016 

Conn's Inc : Conn's, Inc. Announces closing of sale of class C notes from March 2016 securitization transaction . Conn's Inc - face amount of class C notes sold is approximately $70.5 million . Conn's Inc - Conn's received upfront proceeds with respect to notes of approximately $71.5 million, net of transaction costs . Conn's Inc - class C notes were issued with a 12% coupon rate .Conn's Inc- residual equity will continue to be retained by an affiliate of company.  Full Article

Conn's reports $111 mln in total retail net sales for May
Tuesday, 7 Jun 2016 

Conn's Inc : Reported $111.0 million in total retail net sales for month ended may 31, 2016, a 0.8% increase compared to same prior year period. . Reported $111.0 million in total retail net sales for month ended may 31, 2016, a 0.8% increase compared to same prior year period .Conn's, inc. Reports may 2016 sales and delinquency data.  Full Article

Conn's Inc names Lee Wright as new CFO
Thursday, 2 Jun 2016 

Conn's Inc : Wright will succeed Tom Moran, starting on June 22, 2016 .Lee Wright to join as new CFO.  Full Article

Conn's posts Q1 loss per share $0.32
Thursday, 2 Jun 2016 

Conn's Inc : Conn's Inc reports first quarter fiscal 2017 financial results; enhances management team; executing strategies to turn around credit performance . Q1 loss per share $0.32 . Sees Q2 retail gross margin between 37.0 pct and 37.5 pct of total net sales . Qtrly adjusted loss per share $0.31 . Qtrly total revenues $319.0 million versus $298.6 million . Sees Q2 total revenue growth in low to mid-single digits . Excluding impact of April 2015 decision to exit video game products, digital cameras, certain tablets, same store sales for q1 decreased 1.3 pct . Sees Q2 change in same store sales to range from down mid to low-single digits, considering sales impact of underwriting changes . Sees FY retail gross margin between 36.75 pct and 37.50 pct of total net sales . Q1 revenue view $392.6 million -- Thomson Reuters I/B/E/S . Sees FY total revenue growth in low to mid-single digits .Q1 earnings per share view $0.06 -- Thomson Reuters I/B/E/S.  Full Article

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

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