Conn's, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended July 31, 2023
August 30, 2023 at 06:00 am EDT
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Conn's, Inc. reported earnings results for the second quarter and six months ended July 31, 2023. For the second quarter, the company reported sales was USD 243.65 million compared to USD 279.51 million a year ago. Revenue was USD 306.91 million compared to USD 346.63 million a year ago. Net loss was USD 33.52 million compared to net income of USD 2.13 million a year ago. Basic loss per share from continuing operations was USD 1.39 compared to basic earnings per share from continuing operations of USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 1.39 compared to diluted earnings per share from continuing operations of USD 0.09 a year ago.
For the six months, sales was USD 466.19 million compared to USD 551.78 million a year ago. Revenue was USD 591.48 million compared to USD 686.45 million a year ago. Net loss was USD 68.9 million compared to net income of USD 8.35 million a year ago. Basic loss per share from continuing operations was USD 2.85 compared to basic earnings per share from continuing operations of USD 0.34 a year ago. Diluted loss per share from continuing operations was USD 2.85 compared to diluted earnings per share from continuing operations of USD 0.34 a year ago.
Conn's, Inc. is a specialty retailer of home goods, including furniture and mattresses, appliances and consumer electronics. The Company offers branded durable consumer goods and related services in addition to proprietary credit solutions for its core credit-constrained consumers. The Company operates in two segments: retail and credit. The retail segment operates primarily through its stores and Website. The retail segment product offerings include furniture and mattresses, home appliances, consumer electronics and home office products from global brands across a wide range of price points. The credit segment offers financing solutions to a large, under-served population of credit-constrained consumers who typically have limited credit alternatives. Its appliances include refrigerators, washers and dryers, dishwashers, cooktops, ranges, wall ovens, microwaves, vacuum cleaners, range hoods, parts and accessories, and air conditioners.
CONN'S, INC. 
