Conn's, Inc. Reports Earnings Results for the First Quarter Ended April 30, 2023
June 01, 2023 at 06:00 am
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Conn's, Inc. reported earnings results for the first quarter ended April 30, 2023. For the first quarter, the company reported sales was USD 222.55 million compared to USD 272.26 million a year ago. Revenue was USD 284.57 million compared to USD 339.82 million a year ago.
Net loss was USD 35.38 million compared to net income of USD 6.22 million a year ago. Basic loss per share from continuing operations was USD 1.47 compared to basic earnings per share from continuing operations of USD 0.25 a year ago. Diluted loss per share from continuing operations was USD 1.47 compared to diluted earnings per share from continuing operations of USD 0.25 a year ago.
Conn's, Inc. is a specialty retailer of home goods, including furniture and mattresses, appliances, and consumer electronics. The Company offers branded durable consumer goods and related services in addition to proprietary credit solutions for its core consumers. The Company operates in two segments: retail and credit. The retail segment operates primarily through its stores and Website. The retail segment product offerings include furniture and mattresses, home appliances, consumer electronics and home office products from global brands across a wide range of price points. The credit segment offers financing solutions to a large, under-served population of credit-constrained consumers who typically have limited credit alternatives. Its home appliances include refrigerators, freezers, washers, dryers, dishwashers, and ranges. Its furniture and mattresses include furniture and related accessories for the living room, dining room and bedroom, as well as both flat mattresses.
CONN'S, INC. 
