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) announced early results of its cash tender offer to purchase up to $100 million of its outstanding 7.250% senior notes due 2022. As of the Early Tender Deadline on December 11, 2020, $85,774,000 of the notes had been tendered. The total consideration for each $1,000 principal is $980, including an early tender payment of $30. The payment date for accepted tenders is anticipated to be December 15, 2020. The tender offer will expire on December 28, 2020, unless extended.
Conn's, Inc. (NASDAQ: CONN) reported its financial results for the third quarter ending October 31, 2020, showing a decrease in net income to $7.4 million, or $0.25 per diluted share, from $11.5 million, or $0.39 per diluted share in the same period last year. Retail sales declined by 7.3%, impacted by a 10.9% drop in same-store sales. However, the company's credit segment benefited from strong cash collections and a reduction in bad debts, contributing to a significant increase in operating cash flow of 316.6% compared to the previous year, totaling $385.5 million.
Conn's, Inc. (NASDAQ: CONN) will host a conference call on December 8, 2020, to discuss its third quarter fiscal year 2021 financial results. The call starts at 10:00 A.M. CT (11:00 A.M. ET) with a press release to be issued beforehand. Conn's operates over 140 retail locations across multiple states, specializing in furniture, home appliances, consumer electronics, and home office products. The company also provides flexible in-house credit options in addition to third-party financing.
Conn’s, Inc. (NASDAQ: CONN) has initiated a cash tender offer to acquire up to $100 million of its 7.250% Senior Notes due 2022. The offer, set to expire on December 28, 2020, invites holders to tender notes for $980 or $950 each, depending on the timing of the submission. Early tenders by December 11, 2020, qualify for an additional payment. The tender offer may be oversubscribed, in which case notes will be accepted on a prorated basis. The offer is contingent on specific conditions, and holders are advised to read the Offer to Purchase for detailed terms.
Conn's, Inc. (NASDAQ: CONN) announces the opening of its first Conn's HomePlus™ showroom in Pensacola, Florida, set for November 6, 2020. This 47,000 square foot store will offer a range of affordable furniture, mattresses, appliances, and electronics, catering to local customers. The expansion includes plans for a distribution center in Lakeland, Florida, in early 2021. CEO Norm Miller emphasizes the brand's commitment to contributing positively to the local economy.
Conn's, a specialty retailer, reported its Q2 fiscal 2021 results showing a net income of $20.5 million, or $0.70 per diluted share, up 13% year-over-year. Despite strong e-commerce growth of 72%, retail revenues declined by 8.6%, impacted by a 13.2% drop in same-store sales due to COVID-19 disruptions. The credit segment revenue also decreased by 8.2% to $87 million, but improved operating income at $18.2 million highlighted effective cost-saving measures. The company maintains robust liquidity with $409.7 million available under its credit facility.
Conn's, Inc. (NASDAQ: CONN) is expanding its presence in Texas with a new Conn's HomePlus showroom in Wichita Falls, opening on August 14th. This new location adds to the company's growing footprint, now totaling 143 stores across 14 states. The showroom spans over 40,000 square feet, offering a diverse range of affordable home goods including furniture, appliances, and electronics. Conn's aims to support the economic growth of Wichita Falls while providing flexible payment options to cater to various credit profiles.
Conn's, Inc. (NASDAQ: CONN) reported Q1 fiscal 2021 results amid the COVID-19 pandemic, recording a net loss of $56.2 million, or $1.95 per diluted share, a significant drop from net income of $19.5 million a year prior. Retail revenues decreased by 12.1% to $230.6 million, driven by lower same-store sales, while e-commerce sales surged over 700% to $5.4 million. The company increased its allowance for bad debts by $65.5 million. Despite challenges, it generated $152.5 million in operating cash flows, with total liquidity exceeding $295 million as of June 5, 2020.
Conn's, Inc. (NASDAQ: CONN) announced a conference call for June 9, 2020, at 10:00 A.M. CT to discuss its first quarter fiscal year 2021 financial results. A press release with the operating results will precede the call, released before the market opens on the same day. Conn's operates over 135 retail locations across multiple states, offering furniture, appliances, consumer electronics, and home office products, along with flexible credit options for customers.
