Conn's (CONN) Warns for Q4, FY15

Conn's, Inc. (NASDAQ: CONN) expects to generate diluted earnings per share of between $0.76 and $0.81 in the fourth quarter of fiscal 2014, which includes a net benefit of approximately $0.01 per diluted share associated with facility closures. After excluding this benefit, adjusted diluted earnings per share for the three months ended January 31, 2014, is expected to range between $0.75 and $0.80 – below the level anticipated in the Company’s previously issued full-year fiscal 2014 guidance. The consensus is $0.93.

This decline reflects the impact of increased provision for bad debt due to higher-than-expected accounts receivable charge-offs and delinquency rates in December and January, and portfolio growth.

Also in the quarter, same store sales rose an estimated 33.4% from the same period last year.

Fiscal 2015 earnings guidance revised to $3.40 to $3.70 per diluted share. The consensus is $3.96.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Algorhythm Holdings (RIME) Tops Q2 EPS by 54c
• HeartCore Enterprises, Inc. (HTCR) Misses Q2 EPS by 185c