Conn's

Conn's, Inc. is a holding company, which engages in the retail and provision of consumer goods and related services. The firm also offers proprietary credit solutions for its core credit-constrained consumers through retail stores and its website. It operates through the Retail and Credit segments. The Retail segment sells home appliances to the retail market, and owns and operates retail stores that offer furniture, home appliances, consumer electronics, and home office accessories. The Credit segment provides in-house consumer credit programs that offer standardized credit decisions, including down payment, limit amounts, and credit terms. The company was founded by Edward Eastham in 1890 and is headquartered in The Woodlands, TX.

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CONN faces Q1 revenue decline but sees growth in e-commerce and financing

CONN's Q1 2023 performance reflects the impact of a challenging macroeconomic environment, leading to declines in total revenues and net losses. However, the company has shown strengths in e-commerce sales, in-house financing, and lease-to-own segments. Challenges with the Belk test and operating losses present areas for improvement, while opportunities lie in optimizing store revenue and cost structures.

CONN reports mixed Q2 performance, optimistic about future growth

CONN's Q2 2023 earnings call reflects a mixed performance, with declines in total revenues, net income, and retail segment operating income. However, strategic initiatives targeting credit-constrained customers and retail performance have shown positive results, and the company is optimistic about future growth opportunities. Challenges include declining same-store sales and an increase in net debt.

Conn's reports challenging Q3, but transformative transaction presents opportunities

Conn's reported a challenging third quarter, but the transformative transaction with Badcock Home Furniture presents opportunities for accelerated sales growth and cost savings. The combination is projected to strengthen Conn's financial position and expand its e-commerce capabilities, despite the current financial challenges.

Conn's reports Q4 revenue decline, focuses on core consumers

Conn's Q4 2023 showed revenue declines and net losses, with challenges in retail and credit segments. However, the company is focusing on core consumers, launching in-house LTO products, and expanding eCommerce sales.
Anticipates sequential retail sales improvement, increased eCommerce revenue, and operational efficiencies. Faces challenges from initial LTO program costs, rising expenses, and credit segment losses.
Opportunities lie in doubling in-house LTO sales, eCommerce growth, and innovative credit decisions. Plans for store and distribution center openings to drive retail sales. Maintains a strong cash position with no immediate debt concerns.

Conn's Q1 2024: Focus on Core Customers and E-commerce Growth

Conn's Q1 2024 showed a focus on serving credit-constrained customers, expanding e-commerce, and launching new offerings. Despite revenue decline and losses, the company aims for retail sales improvements, stabilized margins, and increased SG&A expenses for the year.

Conn's reports Q2 revenue decline but sees growth in e-commerce

Conn's Q2 2024 showed mixed results with revenue decline but improvements in certain segments.
Strategic focus on e-commerce, in-house credit, and new store openings are key growth drivers.
Challenges include declining revenues, net loss, and debt increase, requiring careful financial management.
Opportunities lie in e-commerce expansion, in-house offerings, store expansion, and Improvement Financial's growth targets.

Conn's merges with Badcock to drive growth and stability

Conn's Q3 2024 earnings call highlighted the transformative merger with Badcock, aiming to drive sales growth and enhance financial stability. Despite current challenges in revenue and segment losses, the company is focused on long-term success through increased sales, improved margins, and cost reductions.

Conn's reports Q4 revenue growth, focuses on Badcock integration

Conn's Q4 performance showed revenue growth but challenges in same-store sales and segment losses. Integration with Badcock and strategic priorities aim to drive synergies and profitability. Achieving EBITDA targets and seizing integration opportunities are key focus areas for future growth.

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Conn's, Inc. is a holding company, which engages in the retail and provision of home goods and related services. Its products include furniture, appliances, and consumer electronics. It operates through the Retail and Credit segments. The Retail segment sells home appliances to the retail market, and owns and operates retail stores that offer furniture, home appliances, consumer electronics, and home office accessories. The Credit segment provides in-house consumer credit programs that offer standardized credit decisions, including down payment, limit amounts, and credit terms. The company was founded by Edward Eastham in 1890 and is headquartered in The Woodlands, TX.

It's been 11 months since Chandra Holt was appointed CEO of Conn's and just six months since the furniture, appliance, and electronics retailer unveiled what she calls “our big, hairy, audacious goal” of becoming a multibillion-dollar omnichannel business by 2025.

Conn's CEO Looks Beyond Current Headwinds, Sees ‘Payment Options for Everyone'

Specialty electronics, appliances, and furniture retailer Conn's (NASDAQ: CONN) stock has lost (-60%) year-to-date in 2022 bear market.

Conn's Stock is Getting Cheap

The specialty retailer expands New Mexico footprint, bringing its signature next-day white glove delivery and array of financing options to local customers HOUSTON , June 23, 2022 /PRNewswire/ -- Conn's HomePlus (NASDAQ: CONN) is expanding in New Mexico with the opening of a new 40,000 square foot retail location in the Santa Fe Place Mall at 4350 Cerillos Road in Santa Fe. A grand opening celebration is scheduled for Saturday, June 25, 2022, featuring food trucks and special promotions, including coupons and free prizes for guests.

Conn's HomePlus Announces New Store in Santa Fe

Conn's, Inc. (NASDAQ:CONN ) Q1 2023 Earnings Conference Call June 1, 2022 11:00 AM ET Company Participants Chandra Holt - Chief Executive Officer and President George Bchara - Chief Financial Officer Conference Call Participants Brian Nagel - Oppenheimer & Company Kyle Joseph - Jefferies Vincent Caintic - Stephens Operator Greetings. And welcome to the Conn's Inc. First Quarter Fiscal Year 2023 Financial Results Conference Call.

Conn's, Inc. (CONN) CEO Chandra Holt on Q1 2023 Results - Earnings Call Transcript

Conn's (CONN) delivered earnings and revenue surprises of 38.89% and 5.07%, respectively, for the quarter ended April 2022. Do the numbers hold clues to what lies ahead for the stock?

Conn's (CONN) Surpasses Q1 Earnings Estimates

THE WOODLANDS, Texas, June 01, 2022 (GLOBE NEWSWIRE) -- Conn's, Inc. (NASDAQ: CONN) (“Conn's” or the “Company”), a specialty retailer of home goods, including furniture, appliances and consumer electronics, with a mission to elevate home life to home love, today announced its financial results for the quarter ended April 30, 2022.

Conn's, Inc. Reports First Quarter Fiscal Year 2023 Financial Results

New store format planned for 10 to 20 Belk locations and online at Belk.com later this year

Conn's, Inc. and Belk Announce Strategic Partnership to Pilot Store-Within-A-Store Concept

The specialty retailer further expands Florida footprint, bringing its wide array of home products and financing options to local customers HOUSTON , May 19, 2022 /PRNewswire/ -- Building on the momentum from recent store openings in Altamonte Springs and Daytona Beach already this year, Conn's HomePlus (NASDAQ: CONN) continues to expand its presence in Florida with the opening of a new 40,000 square foot retail location in the Vine Street Plaza at 105 West Vine Street in Kissimmee. A grand opening celebration is scheduled for Saturday, May 21, 2022, featuring free giveaways and special promotions for guests.

Conn's HomePlus Announces New Store in Kissimmee, Florida

Conn's, Inc. (CONN) CEO Chandra Holt on Q4 2022 Results - Earnings Call Transcript

Conn's (CONN) delivered earnings and revenue surprises of -31.25% and 2.27%, respectively, for the quarter ended January 2022. Do the numbers hold clues to what lies ahead for the stock?

Conn's (CONN) Q4 Earnings and Revenues Miss Estimates

Conn's Inc (NASDAQ: CONN) reported a fourth-quarter FY21 sales decline of 9.5% year-on-year, to $402.48 million, missing the consensus of $412.22 million. Same-store sales increased 6.2% versus last year.

Why Are Conn's Shares Trading Lower Today

Annual retail sales increased 22.7% to $1.3 billion Annual eCommerce sales increased 171.3% to a record $71.3 million Annual credit spread of 1,170 basis points, helps drive record annual credit segment profitability Annual GAAP earnings increased to a record $3.61 per diluted share Repurchased 20% of the Company's outstanding shares

Conn's, Inc. Reports Fourth Quarter and Full Year Fiscal Year 2022 Financial Results; Announces Acquisition of Lease-to-Own Technology Platform

Conn's has a new three-year growth strategy in place, driving growth and margin expansion over time.

Conn's: Compelling Fundamental Outlook With A Short Squeeze Catalyst

HOUSTON, Feb. 23, 2022 /PRNewswire/ -- Conn's HomePlus (NASDAQ: CONN), a specialty retailer of home goods, including furniture, appliances and consumer electronics, is expanding within its home state of Texas, with a new store in the Shops at Abilene at 3725 Catclaw Drive in Abilene, Texas. The location will open its doors on Friday, March 11, 2022.

Conn's HomePlus Expands Within Texas to Abilene

Conn's (CONN) is likely to offer details related to the company's improved strategic growth plan as well as its operating and financial targets on its Investor Day.

Conn's (CONN) Looks Well-Placed, Highlights Growth Targets

THE WOODLANDS, Texas,, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Conn's, Inc. (NASDAQ: CONN) (“Conn's” or the “Company”), a specialty retailer of furniture and mattresses, home appliances, consumer electronics and home office products, and provider of consumer credit, today announced that members of its senior leadership team will present details of the Company's enhanced strategic growth plan and financial and operating goals at an Investor Day, which is being webcast today at 8:00 am CST. Conn's is well-positioned to drive profitable growth and create sustained value for shareholders by strengthening its core business, enhancing its credit business and accelerating eCommerce growth.

Conn's, Inc. Announces Enhanced Growth Strategy

HOUSTON, Jan. 19, 2022 /PRNewswire/ -- Conn's HomePlus (NASDAQ: CONN), a specialty retailer of furniture, mattresses, home appliances and consumer electronics, has contributed $174,000 to Step Up For Students, helping 23 deserving Florida schoolchildren access the right education to help them succeed. This is the first year Conn's HomePlus has partnered with Step Up For Students to contribute to the Florida Tax Credit Scholarship Program, an income-based scholarship program funded by tax-credited contributions from corporations.

Conn's HomePlus Supports Florida Students Through Scholarship Program

THE WOODLANDS, Texas, Jan. 13, 2022 (GLOBE NEWSWIRE) -- Conn's, Inc. (NASDAQ: CONN) (“Conn's” or the “Company”), a specialty retailer of furniture and mattresses, home appliances, consumer electronics and home office products, and provider of consumer credit, invites you to listen to a live webcast of its 2022 Investor Day. Conn's will be webcasting the presentation and question-and-answer session live, and a link is available via the Investor Relations homepage on the Conn's website. Details of the webcast are as follows:

Conn's, Inc. 2022 Investor Day

Conn's Inc (NASDAQ:CONN) is a specialty retailer currently operating over 150 retail locations in the United States.

Is Conn's Stock's Risk Worth the Reward for Investors?

HOUSTON, Dec. 29, 2021 /PRNewswire/ -- Continuing its mission of positively impacting the communities it serves, Conn's HomePlus (NASDAQ: CONN) through its charitable initiative, Conn's Cares, has donated more than $6,000 in brand name goods for the home to a wounded veteran through a partnership with Helping a Hero. "Conn's HomePlus believes in giving back to the communities we serve, and the Conn's Cares program provides a platform to make a difference by honoring deserving people through organizations like Helping a Hero," said Chandra Holt, Conn's HomePlus President and CEO.

Conn's HomePlus Partners with Helping a Hero for Donation

THE WOODLANDS, Texas, Dec. 28, 2021 (GLOBE NEWSWIRE) -- Conn's, Inc. (NASDAQ: CONN) (“Conn's” or the “Company”), a specialty retailer of furniture and mattresses, home appliances, consumer electronics and home office products, and provider of consumer credit, today announced that it will host a virtual Investor Day on January 20, 2022. Conn's will host a webcast beginning at 8:00 a.m. CST followed by a live question and answer session.

Conn's, Inc. To Host a Virtual Investor Day on January 20, 2022

THE WOODLANDS, Texas, Dec. 27, 2021 (GLOBE NEWSWIRE) -- The following is being released by Conn's, Inc. pursuant to an Order of the United States District Court of the Southern District of Texas, Houston Division. This press release relates to the proposed settlement of litigation that was filed in 2014 and captioned:

Conn's Summary Notice of Proposed Settlement of Stockholder Derivative Action

Conn's Inc (NASDAQ: CONN) Board of Directors has authorized a repurchase program of $150 million of its outstanding stock. The approval will expire on December 14, 2022.

Conn's Plans $150M Share Repurchase Program

Furniture retailer Conn's Inc. CONN, +0.22% said Wednesday its board has approved a share buyback program of up to $150 million. Chief Executive Chandra Holt said the approval represents the biggest buyback authorization in the company's history and is equal to about 30% of its current market capitalization.

Furniture retailer Conn's board authorizes $150 million share buyback

THE WOODLANDS, Texas, Dec. 15, 2021 (GLOBE NEWSWIRE) -- Conn's, Inc. (NASDAQ: CONN) (“Conn's” or the “Company”), a specialty retailer of furniture and mattresses, home appliances, consumer electronics and home office products, and provider of consumer credit, today announced its Board of Directors has authorized a $150 million share repurchase program for the Company's outstanding stock. The authorization to repurchase expires on December 14, 2022.

News for Conn's Stock (CONN)