Conn's (CONN) Tops Q2 EPS by 16c, Slight Beat on Revenues

September 4, 2018 6:05 AM EDT

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Conn's (NASDAQ: CONN) reported Q2 EPS of $0.57, $0.16 better than the analyst estimate of $0.41. Revenue for the quarter came in at $384.62 million versus the consensus estimate of $384.09 million.

“We achieved many operating and financial milestones during the second quarter of fiscal year 2019, highlighted by significant growth in earnings to a second quarter record of $0.53 per diluted share. Second quarter financial results were driven primarily by positive same store sales, the contribution of new store growth, record retail gross margin, and continued improvement in credit segment performance. The initiatives to drive retail growth are starting to take hold and second quarter same store sales increased for the first time since the second quarter of fiscal year 2016, while total retail sales were up 3.5% over the prior year period. The momentum in our business is encouraging and we continue to believe fiscal year 2019 will be a strong year,” stated Norm Miller, Conn’s Chairman and Chief Executive Officer.

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

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