LONDON, UK / ACCESSWIRE / January 09, 2018 / Active-Investors.com has just released a free earnings report on Conn's, Inc. (NASDAQ: CONN). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CONN. The Company released its financial results on December 07, 2017, for the third quarter of the fiscal year 2018. The Woodlands, Texas-based Company posted a positive adjusted income per diluted share in the reported quarter, which beat market consensus estimates. Register today and get access to over 1000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Conn most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

During the three months ended October 31, 2017, Conn's reported total revenues of $373.17 million compared to $376.77 million at the end of Q3 FY17. The revenue numbers topped market expectations of $362.2 million. During the quarter, the Company benefited from a record net yield of 19.8%, a widening credit spread, and strong retail gross margins, despite the impact of Hurricane Harvey.

The furniture and consumer electronics retailer reported a net income of $1.57 million, or $0.05 per diluted share, in Q3 FY18 compared to a net loss of $3.82 million, or $0.12 loss per diluted share, in the prior year's same quarter. The Company's adjusted net income was $5.60 million, or $0.18 per diluted share, in Q3 FY18 versus an adjusted net loss of $2.55 million, or $0.08 loss per diluted share, in the past year's comparable quarter. Meanwhile, Wall Street had expected the Company to report an adjusted net income of $0.04 per diluted share.

Operating Metrics

In the reported quarter, Conn's cost of goods sold came in at $175.59 million compared to $192.37 million in the previous year's corresponding quarter. The Company's selling, general, and administrative expenses (SG&A) was $114.36 million during Q3 FY18 compared to $114.46 million in Q3 FY17. The Company's operating income rose to $20.85 million during Q3 FY18 from $16.39 million in Q3 FY17.

During FY18, the Company inaugurated three new Conn's HomePlus® stores, bringing the total store count to 116 in 14 states. The Company does not intend to open any additional stores in the fiscal year 2018, but has plans to open five to nine stores in FY19.

Segment Performance

The Company's Retail segment contributed $291.90 million to total revenues during the reported quarter compared to $308.37 million in the last year's same quarter. The decline in quarterly Retail revenue was primarily driven by a decrease in same store sales of 7.0%, partially offset by new store growth. The segment's gross margin increased to 39.8% in Q3 FY18 from 37.5% in Q3 FY17. Additionally, the segment's adjusted operating income was $35.45 million, or 12.1% of segment sales, in Q3 FY18 compared to $35.93 million, or 11.7% of segment sales, in Q3 FY17.

Conn's Credit segment contributed total revenues of $81.27 million in Q3 FY18, up from $68.40 million in the prior year's comparable quarter. Meanwhile, the segment reported an operating loss of $8.73 million in Q3 FY18, narrower than the operation loss of $17.56 million recorded in Q3 FY17.

Cash Flow and Balance Sheet

During the first three quarters of FY18, Conn's net cash flow provided by operating activities was $82.74 million versus $183.01 million in the year ago corresponding period. At the close of books on October 31, 2017, Conn's had a cash and cash equivalents balance of $12.74 million compared to $23.57 million at the close of books on January 31, 2017. Additionally, the Company's long-term debt was down to $973.28 million as on October 31, 2017, from $1.14 billion as on January 31, 2017.

Earnings Guidance

In its guidance for Q4 FY18, Conn's expects same store sales in mid-single digits. Additionally, retail gross margin is projected to be between 39.0% and 39.5% of total retail net sales for Q4 FY18.

Stock Performance Snapshot

January 08, 2018 - At Monday's closing bell, Conn's stock marginally advanced 0.43%, ending the trading session at $35.05.

Volume traded for the day: 313.99 thousand shares.

Stock performance in the last month ? up 11.27%; previous three-month period ? up 25.40%; last six-month period ? up 93.65%; and past twelve-month period ? up 171.71%

After yesterday's close, Conn's market cap was at $1.08 billion.

Price to Earnings (P/E) ratio was at 350.50.

The stock is part of the Services sector, categorized under the Electronics Stores industry. This sector was up 0.2% at the end of the session.

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