Welcome to our dedicated page for Conn's news (Ticker: CONN), a resource for investors and traders seeking the latest updates and insights on Conn's stock.
Track the latest corporate developments and official announcements for Conn's Inc. (NASDAQ: CONN), the specialty retailer combining consumer goods sales with in-house financing solutions. This centralized hub provides investors and industry observers with verified updates spanning quarterly earnings, product category expansions, credit program enhancements, and strategic partnerships.
Access primary-source information including executive leadership statements, retail performance metrics, and service area developments across CONN's 12-state operational footprint. The curated news collection enables stakeholders to monitor both retail sector trends and consumer credit innovations within CONN's unique business model.
Key updates include appliance and electronics inventory changes, financial service offerings for credit-constrained customers, and regional market expansions. All content is sourced directly from company filings and authorized communications to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined access to CONN's evolving market position in competitive retail and consumer finance sectors. Check regularly for official updates impacting investment research and industry analysis.
Conn's, Inc. (NASDAQ: CONN) reported record net earnings of $45.4 million, or $1.52 per diluted share, for Q1 FY2022, reversing a net loss of $56.2 million a year prior. Same store sales surged 19.4%, with total sales up 26.5%. Retail revenues increased 26.4% to $291.5 million, driven by strong demand for home-related products and a 95.7% rise in e-commerce sales. The company also opened six new showrooms and reduced overdue customer accounts by 49.4%. Despite a 16.6% decline in credit revenues, adjusted net income rose to $46.3 million.
Conn's, Inc. (NASDAQ: CONN) has expanded its footprint by opening a new Conn's HomePlus showroom in Ocala, Florida, increasing its total to seven locations in the state. The store, located in the Boyd Market Center, spans over 34,000 square feet and offers a range of furniture, appliances, and electronics. This move aligns with Ocala's rapid growth, recently named the fifth fastest-growing city in the U.S. Conn's continues to focus on affordable home goods and customizable payment options for its customers.
Conn's, Inc. (NASDAQ: CONN), a specialty retailer, announced a conference call scheduled for June 3, 2021, at 10:00 A.M. CT to discuss its first quarter fiscal year 2022 financial results. A press release detailing the operating results will precede the call, released before the market opens that day. Conn's operates over 150 retail locations across several states, offering products ranging from furniture and home appliances to consumer electronics and fitness equipment. The company provides flexible in-house credit options and third-party financing.
Conn's reported a strong fourth quarter for fiscal year 2021, with earnings increasing approximately 400% to $0.85 per diluted share compared to $0.17 in the previous year. Cash and third-party credit sales soared by 35%, reflecting high demand for home products. However, same store sales fell 10.1% due to stricter credit underwriting amid the pandemic. The company improved its debt position, reducing overall debt by $416.6 million and achieving the lowest net debt ratio in seven fiscal years. Overall, Conn's anticipates positive momentum into fiscal year 2022.
Conn's, Inc. (NASDAQ: CONN), a specialty retailer, will host a conference call on March 31, 2021, at 10:00 A.M. CT to discuss its fourth-quarter fiscal year 2021 financial results, with a press release to be issued prior to market opening. The company operates over 150 retail locations and offers products including furniture, home appliances, consumer electronics, home office products, and fitness equipment. Conn's also provides flexible in-house credit options, differentiating itself in the market.
Conn's HomePlus (NASDAQ: CONN) has launched the Conn's Cohort Scholarship/Internship Program for 2021, aimed at supporting students from Texas Southern University and Florida A&M University. The program will award four scholarships of $10,000 annually for four years, along with paid internships and travel expenses. This initiative represents an investment of $160,000 over the next four years, focusing on diversity and inclusion. Conn's also donated over $40,000 in furniture to enhance community spaces at both universities.
Conn's, Inc. (NASDAQ: CONN) is expanding its footprint in Florida with the opening of two new Conn's HomePlus showrooms in Orlando on February 19, 2021. With these additions, the company will operate five showrooms in the state, increasing its total locations to 151 across 15 states. The new stores will provide a diverse range of products, including furniture, appliances, and electronics, alongside flexible payment options for various credit situations. The expansion aims to enhance Conn's customer base in Florida and stimulate local economic growth.
Conn's, Inc. (NASDAQ: CONN) is expanding its presence in Florida by opening two new Conn's HomePlus showrooms in Tampa and Bradenton, slated for February 5, 2021. These new locations will add to the existing 149 showrooms across 15 states. With over 87,000 square feet combined, the stores will offer a variety of home goods and flexible payment options, enhancing shopping accessibility for customers. Additionally, a distribution center in Lakeland is set to launch this January, further solidifying Conn's commitment to the Florida market.
Conn's, Inc. (NASDAQ: CONN) has opened a new showroom in Mobile, Alabama, on January 8, expanding its presence to better serve southern Alabama customers. This 46,410 sq. ft. store is the fifth Conn's HomePlus location in Alabama, offering a variety of furniture, mattresses, appliances, and consumer electronics. Conn's aims to provide affordable shopping options and flexible payment plans through its Low Payment Finder program. A grand opening event is planned for spring 2021.
