logo
Share SHARE
FONT-SIZE Plus   Neg

Conn's Turns To Profit In Q4 - Quick Facts

Conn's Inc. (CONN) posted fourth-quarter net income of $7.70 million or $0.24 per share, as against a loss of $3.58 million or $0.12 per share last year.

Adjusted earnings per share were $0.34, excluding store closing costs and long-lived asset impairment charges, compared with a breakeven loss per share a year ago. On average, 4 analysts polled by Thomson Reuters expected earnings per share of $0.29 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues rose 3.7% to $226.67 million from $218.66 million in the earlier year quarter, with same-store sales up 12.1%. Three analysts estimated revenues of $221.90 million for the quarter.

For the fiscal year ending January 31, 2013, the company updated its earnings guidance to $1.20 - $1.30 per share, while same-stores sales are expected to be up mid- to high-single digits;

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Private equity firm Sycamore Partners has won the bankruptcy auction for the e-commerce business and intellectual property of U.S. women's apparel retailer The Limited with a bid of $26.8 million, Reuters reported, citing people familiar with the matter. A U.S. bankruptcy court judge must now approve the sale to Sycamore Partners. French telecommunications operator Orange SA reported Thursday higher net profit in its fiscal year 2016 mainly on income from discontinued operations. Operating income, meanwhile, declined, despite increased revenues. For fiscal 2017, the company projects higher adjusted EBITDA, a key earnings metric. Fast-food giant McDonald's plans to offer big discounts on its sodas and coffee, aiming to meet the declining customer visits, Bloomberg reported Wednesday. The company is likely to offer $1 sodas of any size for a limited time starting in April across the U.S. Further, McCafe specialty drinks, which normally range from $2.69 and $4, will be sold for $2 for a limited time.
comments powered by Disqus
Follow RTT