Conn's (CONN) Tops Q3 EPS by 11c

Conn's (NASDAQ: CONN) reported Q3 EPS of ($0.08), $0.11 better than the analyst estimate of ($0.19). Revenue for the quarter came in at $308.37 million versus the consensus estimate of $393.83 million.

Comps fell 10.1%.

Outlook and Guidance

The following are the Company's expectations for the business for the fourth quarter of fiscal 2017:

• Change in same store sales down approximately 10.0%;
• Retail gross margin between 37.0% and 37.5% of total net sales;
• Selling, general and administrative expenses between 27.75% and 28.75% of total revenues;
• Provision for bad debts between 16.75% and 17.75% of the average total customer portfolio balance (annualized);
• Credit segment finance charges and other revenues between 18.75% and 19.25% of the average total customer portfolio balance (annualized); and
• Interest expense between $25.5 million and $26.5 million.

For earnings history and earnings-related data on Conn's (CONN) click here.

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