Conn's, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended October 31, 2023
December 18, 2023 at 05:10 pm EST
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Conn's, Inc. reported earnings results for the third quarter and nine months ended October 31, 2023. For the third quarter, the company reported revenue was USD 280.13 million compared to USD 321.2 million a year ago. Net loss was USD 51.3 million compared to USD 24.84 million a year ago. Basic loss per share from continuing operations was USD 2.11 compared to USD 1.04 a year ago. Diluted loss per share from continuing operations was USD 2.11 compared to USD 1.04 a year ago.
For the nine months, revenue was USD 871.61 million compared to USD 1,007.65 million a year ago. Net loss was USD 120.19 million compared to USD 16.49 million a year ago. Basic loss per share from continuing operations was USD 4.97 compared to USD 0.68 a year ago. Diluted loss per share from continuing operations was USD 4.97 compared to USD 0.68 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.